Harris Williams advises Fairway Lawns on its sale to Morgan Stanley Capital Partners


RICHMOND, Virginia–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in mergers and acquisitions advisory services, announces that it has advised Fairway Lawns, a portfolio company of Prairie Capital (Prairie) and Rising Point Capital (RPC), in connection with its sale to a investment fund managed by Morgan Stanley Capital Partners (MSCP) . Fairway Lawns is a market-leading provider of residential lawn care services, including weed control and fertilization, pest control, and tree and shrub care. The operation was carried out by Brent Spiller, Zach Ledwith and Christian Brumbaugh of the Harris Williams consumer group.

“Fairway Lawns is a leader in lawn care in the Southeast with a phenomenal track record of delivering top quality results to its customers. Over its 40 year history, Fairway Lawns has expanded its footprint throughout the Southeast and we are thrilled to see Fairway Lawns continue to grow in partnership with MSCP,” said Brent Spiller, Managing Director of Harris Williams.

“We are delighted to have partnered with Fairway Lawns as well as Prairie and RPC. This transaction marks another success for our residential services customers. We look forward to the next chapter for Fairway Lawns,” added Zach Ledwith, Director of Harris Williams.

Formed in 1979, Fairway Lawns is a market-leading provider of recurring lawn care services such as weed control and fertilization, in addition to ancillary services such as pest control and tree and lawn maintenance. shrubs. The company currently serves more than 70,000 customers from 14 lawn treatment sites and two pest control sites operating under the Command Pest Control brand. Fairway Lawns locations span seven states (Alabama, Arkansas, Florida, Georgia, Oklahoma, South Carolina and Tennessee).

Founded in Chicago in 1997, Prairie is a private equity fund with a long and successful track record of scaling growth-oriented lower-middle-market companies in partnership with talented founders and management teams. Since its inception, Prairie has invested over $1 billion in more than 100 platform companies. Prairie makes control investments in founder-owned companies with $4 million to $12 million in EBITDA that support growth in the business services, consumer, education, healthcare, of industry and technology.

RPC is an investment firm headquartered in Chicago. RPC provides partnerships and capital to transform and grow businesses, investing primarily in founder-owned and lower-middle-market consumer service businesses. RPC executives Michael Drai and Justin Marku have worked together since 2011. RPC has led six investment platforms since its inception in 2019.

MSCP, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has been investing capital across a wide range of sectors for more than three decades. MSCP focuses on privately traded equities and equity-related investments primarily in North America and seeks to create value in portfolio companies primarily in a range of sub-sectors from the business services, consumer , healthcare, education and manufacturing, with a focus on significant organic growth. and the growth of acquisitions through a transaction-focused approach.

Harris Williams, an investment bank specializing in M&A advisory services, defends sellers and buyers of businesses around the world through critical stages and provides sound advice throughout the life of their businesses. By collaborating as one company across industry groups and geographies, the company helps its clients achieve results that support their goals and strategically create value. Harris Williams is committed to excellence in execution and to building lasting and valuable relationships based on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).

Consumer group Harris Williams has completed transactions in various verticals, including food, beverage and agribusiness; branded consumer products; consumer services; and catering and retail. For more information on the Harris Williams Consumer Group and recent transactions, visit consumer group section of the Harris Williams website.

Harris Williams LLC is a registered broker and member of FINRA and SIPC. Harris Williams & Co. Ltd is a limited company incorporated under the laws of England with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, United Kingdom, registered with the Registrar of Companies for England and Wales (registration number registration 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court in Frankfurt am Main, Germany under number HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main. -le-Main, Germany (e-mail address: [email protected]). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT number DE321666994). Harris Williams is a trading name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH operate.

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