Gridiron Capital Announces Sale of Yellowstone Landscape Group, Inc.

New Canaan CT, January 12, 2015 — Gridiron Capital, LLC, a U.S. based private equity investment firm, is pleased to announce the sale of Yellowstone Landscape Group, Inc. (“YLG” or “the Company”), a leading provider of landscaping services to premier commercial properties across the Southeast and Texas, to CIVC Partners, L.P.  The transaction closed January 9, 2015.

YLG’s growth and market opportunity have expanded significantly since Gridiron Capital’s initial investment in April 2008.  Through a multi-stage strategic plan, the Company has become one of the largest commercial landscaping firms in the United States and a clear market leader in the Southeast and Texas.  In addition to expanding YLG’s geographic footprint, the Company significantly enhanced its service offering, with a strong focus on recurring maintenance revenue, and invested in information technology to create an integrated, scalable platform for continued consolidation of a highly fragmented industry.

Mr. Eugene P. Conese, Jr., Managing Partner, Gridiron Capital, LLC, stated, “It was a difficult decision to sell Yellowstone given our longstanding partnership with the Company and its track-record of growth; however, the Company is well positioned to capitalize on the attractive industry dynamics and continue its impressive growth as it enters its next phase with CIVC.  We are proud of Gridiron Capital’s association with Yellowstone and are confident that the Company and the management team will continue to enjoy future success with their new partners.”

Gridiron Capital will retain a minority ownership stake in YLG. Mr. Owen Tharrington, Managing Director, Gridiron Capital, LLC stated, “We are excited to partner with CIVC in continued support of YLG’s growth strategy. CIVC has an impressive track record in the business services industry, and more specifically in landscaping services having been a long-term investor in Brickman.  We believe CIVC is the right partner for the business going forward.”

Harris Williams & Co. acted as the exclusive advisor for the transaction and Moore & Van Allen PLLC provided legal counsel.

About Yellowstone Landscape Group, Inc.:
YLG, through its subsidiaries, Austin Outdoor and BIO, provides commercial landscape maintenance and installation services to over 1,500 homeowners’ associations, corporate office campuses, resorts, and municipalities throughout the Southeast United States and Texas.  The Company offers a comprehensive suite of landscape maintenance services including mowing, detailing, irrigation, and turf management as well as arbor care, and installation and design services.  YLG’s service breadth, unique design capabilities, and superior information systems enables it to deliver consistent, high quality landscaping services to sophisticated commercial and government clients with complicated landscaping needs. The Company is headquartered in Bunnell, FL and has 16 branches across Texas, Florida, Georgia, and South Carolina.  For additional information on YLG, visit www.yellowstonelandscape.com.

About Gridiron Capital:
Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada.  The firm’s principals bring a unique combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages.  Gridiron partners with management teams to develop strategies for portfolio companies and provides the resources necessary to execute business plans and build industry-leading companies.  Additional information is available on the firm’s website at www.gridironcapital.com.