Nurture Boosts Clients and Coverage with Double Acquisition
Nurture Landscapes has boosted its client base, regional coverage and winter gritting service with two acquisitions. Contracts have been signed to purchase northern-based Heritage Landscapes and southern-based Truegrit. Both will complete on 30th June when both companies will be integrated into Nurture’s regional operations and trade under the Nurture brand. The acquisitions will raise Nurture’s 2016 turnover to a forecast £27 million.Heritage Landscapes is based ten minutes from Nurture’s northern office and has 125 landscape maintenance sites and 81 gritting sites which will be serviced from Nurture’s Rishton premises. Clients include Vine Property Management, YHA and many other contracts that are existing clients of Nurture Landscapes.
Truegrit is a pure winter gritting and snow clearance company servicing 967 sites across the UK. The entire team at Truegrit will move from Newbury to Surrey and help spearhead the expansion of this service to all Nurture’s existing and future landscape maintenance clients. The deal includes Truegrit’s excellent “Frosty” database which Nurture will very likely adopt and use to run its existing 878 existing gritting sites.
The acquisitions will double Nurture’s gritting turnover to over £5m per annum across nearly 2000 sites. Combined with Nurture’s other regions, winter gritting now accounts for around 20% of total turnover. The strategic move places Nurture in a very robust position as many landscape maintenance contracts now include winter gritting. Nurture has the resources, expertise and network, allied to economies of scale, to deliver a quality service all year round at competitive rates.
Peter Fane, Managing Director of Nurture Landscapes, commented: “We are delighted to welcome new clients and colleagues to the Nurture family. Both businesses are ideal fits and we anticipate a seamless integration in line with our previous 11 acquisitions. Our aim is to continue to grow both organically and by acquisition to consolidate our comprehensive local landscape maintenance service backed with national resources.”