CI Capital\u00a0Partners announced today that it has signed a definitive agreement to sell SavATree\u00a0to funds advised by Apax. SavATree is a leading\u00a0provider of professional tree\u00a0and lawn care services.<\/p>\n
SavATree\u00a0has tripled its revenue under CI Capital’s ownership, growing from 28 branches\u00a0in 12 states to 58 branches serving 27 states, through a\u00a0combination of organic\u00a0growth and 27 add-on acquisitions.<\/p>\n
Signal Partners\u00a0assisted SavATree with its CEO succession initiative in 2019. The execution of\u00a0this operating plan initiative allowed founder\/CEO Daniel van\u00a0Starrenburg to move into an Executive\u00a0Chairman and former JCI executive Carmine Schiavone to assume the CEO\u00a0role.<\/p>\n
\u201cWhen the\u00a0time came to find a new CEO, Signal was a true partner,\u201d commented Daniel van\u00a0Starrenburg.<\/p>\n
Joost\u00a0Thesseling, Managing Director of CI Capital, said, “We are proud to have\u00a0backed Daniel van Starrenburg, Carmine Schiavone and their team\u00a0in building a national business, and are thrilled to have supported the company\u00a0during a time of tremendous growth. Throughout its 40+ year history,\u00a0SavATree\u00a0has earned a reputation for best-in-class customer service and a focus on\u00a0environmental sustainability relied upon by consumers,\u00a0businesses and\u00a0governments.”<\/p>\n
Daniel van\u00a0Starrenburg, Executive Chairman of SavATree, added, “In partnership with\u00a0CI Capital, we have realized significant growth and built\u00a0SavATree into a\u00a0company that our customers depend upon to care for what they love. I am\u00a0extremely grateful for the support of the CI Capital team\u00a0as we worked to\u00a0double our footprint, triple our revenue and invest in our team to solidify our\u00a0position as a true industry leader. \u00a0We look forward to\u00a0working with the\u00a0Apax team as our journey continues.”<\/p>\n
Carmine\u00a0Schiavone, SavATree’s CEO, added, “As we embark on our next phase of our\u00a0growth, we are well positioned to build upon the momentum\u00a0we have established\u00a0along with our partners at CI Capital. \u00a0We are grateful for CI Capital’s\u00a0support as we executed our strategy and realized our\u00a0vision of building a\u00a0national leader, while remaining true to our customer-centric,\u00a0environmentally-responsible approach.”<\/p>\n","protected":false},"excerpt":{"rendered":"
CI Capital\u00a0Partners announced today that it has signed a definitive agreement to sell SavATree\u00a0to funds advised by Apax. SavATree is a leading\u00a0provider of professional tree\u00a0and lawn care services. SavATree\u00a0has tripled its revenue under CI Capital’s ownership, growing from 28 branches\u00a0in 12 states to 58 branches serving 27 states, through a\u00a0combination of organic\u00a0growth and 27 add-on […]<\/p>\n","protected":false},"author":7,"featured_media":1872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n