Caltius Equity Partners Invests in Leading Commercial Landscape Services Company, APHIX
November 15, 2022
LOS ANGELES, CA – November 15, 2022- Caltius Equity Partners (“CEP”) is pleased to announce it has made a significant investment in APHIX (the “Company”), a founder-owned provider of commercial landscape services in Kentucky and Tennessee. The transaction marks the first time APHIX has partnered with an institutional investor, a significant milestone for the Company.
Founded in 2004, APHIX has evolved from a small, single-location operation focused on residential customers into a leading provider of commercial landscaping services in Louisville, KY, Lexington, KY, and Chattanooga, TN. It is a trusted outsourced partner for its customers, providing landscaping maintenance, enhancements, and winter services. APHIX’s customer-centric operating model and strong employee culture drive superior service levels for its commercial and industrial customers.
“With the strong alignment between our cultures, we are thrilled to have CEP as our financial partner,” commented Allen Sweeney, president and founder of APHIX. “Their deep knowledge of the facility services industry and experience helping entrepreneurs grow their businesses is an ideal combination as we move to the next phase of growth at APHIX.”
“APHIX is a terrific fit for our investment thesis of targeting investments in recurring revenue services businesses to build a leading company in the fragmented landscaping services industry,” said Justin Benshoof, managing director of CEP. “We will be actively evaluating add-on acquisitions of companies with strong maintenance revenues and $0 to $12 million of EBITDA.”
The partnership with APHIX is a continuation of CEP’s experience in the facility services industry, which includes past investments in Air Conditioning Innovative Solutions, Stratus (f.k.a. MC Sign), and AI Fire (f.k.a. Impact Fire Services).
Jeffrey Holdsberg, managing director of CEP, commented, “We are confident that our capital and industry experience will help Allen and the rest of the management team achieve their growth goals, organically and through acquisitions.” Michael Morgan, managing director of CEP, added, “We are excited about this opportunity to be part of APHIX’s continued success.”
To learn more about APHIX, please visit www.aphix.com.