Earth Property Holdings LLC has, through a wholly-owned subsidiary, acquired Austin Landscape Supplies, d/b/a of WRK Enterprises, Inc., with operations in Austin, Texas. ALS is a manufacturer of compost, soil products, and mulches. It sells its eco-friendly products and aggregates to landscapers and the general public through its 8-acre retail site.
“The acquisition of Austin Landscape Supplies supports Earth Holdings’ strategy of growing our specialty soil and organic waste businesses by diversifying our product offerings into mulch and aggregates, as well as adds a significant retail presence in strategic markets,” stated Earth Holdings’ CEO Kevin Bolin. “Our plans for ALS include integrating the company into our Organics by Gosh operations and pursuing a range of synergistic opportunities in the North Austin market.”
Tom Paschall, chairman of Earth Holdings, added, “Following the completion of Organics by Gosh’s relocation and expansion at its new site in 2020, the acquisition of ALS is a natural next step for the Earth Holdings platform. The additional scale, product diversification and location advantages of Austin Landscape Supplies all fit perfectly with our overall investment strategy to expand out platform. This acquisition was also a prudent deployment of recently raised equity capital and I expect that we will pursue additional strategic acquisitions before the end of this year.”
Craig Crawford, General Manager of Organics by Gosh and ALS, commented: “We are delighted to add the employees and high-quality operations at Austin Landscape Supplies to our team. Austin Landscape Supplies brings several valuable additions to our platform including two facilities, a full line of high-end products, the IPEMA-certified kiddie mulch, and a proven track record of servicing the North Austin soil and aggregates market.”
Checkmate Capital Group served as strategic advisor to Earth Holdings in the transaction.