- Sullivan Street invested in Tivoli in June 2018
- Sullivan Street is a value-led buyout firm that invests in lower mid-market across various sectors
- Tivoli is an independent grounds maintenance provider
Tivoli Group, a portfolio company of Sullivan Street Partners, has made a bolt-on acquisition of Greenfingers Landscape, a provider of horticultural and grounds maintenance services in the Northwest of England.
Tivoli has acquired a 100 percent shareholding in Greenfingers, according to a release.
Greenfingers is based in Oldham, England. The company has an annual turnover of £5.5 million (€6.43 million) and an EBITDA of around £500,000, adding to Tivoli’s existing £65 million in revenues.
Sullivan Street invested in Tivoli in June 2018.
“Tivoli is driven by a passion to help transform UK landscapes into beautiful spaces, and this acquisition will allow the group to deploy its multi-award-winning landscaping and maintenance services on a larger scale,” said Layton Tamberlin, Sullivan Street managing partner.
Greenfingers’ addition will support Tivoli’s expansion strategy which aims to grow both organically and through M&A, the release said.
Sullivan Street, based in London, is a value-led buyout firm that invests in lower mid-market across various sectors. It takes ownership or controlling stakes in companies through investing £20 million to £50 million of equity.
Tivoli is an independent grounds maintenance provider. The company is based in Staffordshire, England.