Credit: Shutterstock photoBrightView Holdings, the largest provider of commercial landscaping services in the US, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $500 million.
The Plymouth Meeting, PA-based company was founded in 1939 and booked $2.4 billion in sales for the 12 months ended March 31, 2018. It plans to list on the NYSE under the symbol BV. Goldman Sachs, J.P. Morgan, KKR, UBS Investment Bank, Baird, Credit Suisse, Macquarie Capital, Jefferies, Mizuho Investors, Morgan Stanley and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Nation's largest landscaper BrightView files for an IPO that could raise $500 million originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
