The Customer
A private equity-backed service provider specializing in landscaping, grounds maintenance, and tree services.
Challenge
The company was in the midst of rapid expansion, pursuing a private equity roll-up strategy with multiple bolt-on acquisitions completed in just 18 months. This aggressive growth presented several challenges:
Inconsistent historical financial reporting and the absence of audited financials.
Broad equipment financing needs ranging from brand-new to 10-year-old assets, including work trucks, cranes, grinders, mulchers, and bucket trucks.
A portion of financing capacity needed to support an LBO for a new tuck-in acquisition.
Ongoing integration efforts to streamline operations across newly acquired businesses.
The company’s senior lending facility was shared among other portfolio affiliates under the same private equity fund, limiting flexibility for standalone financing solutions.
Done Deal
First National Capital delivered a tailored $25,000,000 private equity equipment financing solution that supported both immediate operational needs and long-term growth initiatives:
New & Used Equipment Financing + Sale-Leaseback – Structured financing to acquire new assets and executed an equipment sale-leaseback to monetize existing assets, unlocking additional liquidity and working capital.
CAPEX Line of Credit for Growth – Provided a flexible drawdown structure to fund expansion and future acquisitions, reducing reliance on dilutive equity contributions from the private equity sponsor.
Strategic Partnership – FNC’s close alignment with ownership and management gave confidence in the company’s leadership and roll-up strategy, facilitating smooth execution.
Customized, Flexible Financing Structure – Leveraging FNC’s industry expertise, the financing plan was designed to align with the company’s aggressive growth capital strategy and operational needs.
Assurance to Close – By ensuring execution, FNC helped the company avoid delays that could have stalled growth, disrupted operations, or forced reliance on less favorable, higher-cost financing alternatives.
This comprehensive private equity financing solution allowed the client to continue its consolidation strategy, strengthen its market position, and maintain liquidity for future growth.
