NEW YORK | April 1, 2022 – One Rock Capital Partners, LLC (“One Rock”), a value-oriented, operationally focused private equity firm, is pleased to announce that one of its affiliates has sold Monarch Landscape Companies, LLC (“Monarch”or the “Company”) to Audax Private Equity (“Audax”). Monarch offers high-quality, sophisticated landscaping solutions to commercial customers across the western United States.
“Since One Rock formed Monarch in 2015, working alongside CEO Brian Helgoe, the Company has successfully acquired and integrated ten businesses, and implemented an industry-leading technology suite that utilizes real-time data to optimize operations. Under Brian’s leadership, in partnership with One Rock, the Company has become a premier landscaping solutions platform in a large and highly fragmented industry,”said One Rock Partner Kimberly D. Reed. According to Ms. Reed, “Monarch has demonstrated impressive growth, going from a small operation in the Seattle market to a leading, multi-state commercial landscape services company. We believe that Monarch is well positioned to grow under Brian’s established leadership and we look forward to watching its future success.”
“Monarch has created a distinctive approach to customer service and built a proprietary training program that has driven significant contributions to the Company’s labor retention and productivity rates,”added One Rock’s Managing Partner Tony W. Lee. “Together, we have built a landscaping company well-positioned for superior growth moving forward.”
One Rock’s Operating Partners Kurt Barker, Adam Feuer, Tom Fountain, Andrea Greene, and Kush Tulsidas have worked closely with Monarch’s management team to drive the business’ strategic direction, create superior operations through technology, and seamlessly integrate the acquired businesses.
RBC Capital Markets and CCG Advisors served as financial advisors to both Monarch and One Rock on the transaction.