NXT Capital closed a unitranche credit facility in support of CenterOak Partners’ formation of Turf Masters Lawn Care Services.
NXT Capital acted as the administrative agent, joint lead arranger, and joint bookrunner on this transaction.
Turf Masters Lawn Care Services, headquartered in Atlanta, is a provider of recurring residential lawn, tree and shrub care services. The company serves more than 100,000 customers annually, helping homeowners maximize turf and soil health through fertilization, seeding, aeration and weed and exterior insect control programs. Turf Masters Lawn Care Services differentiates itself through a passion for quality lawn care work and through high levels of customer service, meaningful investment in application equipment, and fostering a culture that provides significant benefits, skill development and opportunities for employees. The company currently operates more than 20 branches across 10 states and plans to grow organically and through add-on acquisitions.
