Patriot is pleased to announce its recent investment in Terracare Associates. In this transaction, Patriot provided subordinated debt to support the acquisition of Landscape Management Solutions, Inc (LMS) and Tierra Verde Resources, Inc. (TVRI). The LMS acquisition will broaden Terracare's footprint in the Bay area, while the TVRI acquisition will supplement Terracare's growing presence in the San Deigo region. These acquisitions represent the third and fourth acquisitions the Terracare platform has made, and establish the combined entities as one of the largest enhancement and infrastructure maintenance providers on the west coast.
Terracare Associates is a leading provider of infrastructure outsourcing and landscape maintenance services to municipal, commercial, industrial and institutional customers. During all seasons, certified and experienced staff improves landscapes, parks, roadways, and infrastructure for safe and sustainable outdoor environments. Terracare serves customers in California, Colorado, Utah and Texas. The Company maintains long-term contractual relationships with over 600 municipalities, property owners, property managers and public agencies for landscape maintenance services.
About Patriot Capital
Patriot Capital is a leading source of growth capital for middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations. Patriot Capital is focused on debt capital and minority equity investments. Our senior deal professionals each have over 20 years of diverse corporate finance experience. We provide companies with capital and seasoned business judgment for transactions.
Patriot Capital utilizes a disciplined investment strategy developed over many years that focuses on capital preservation, consistent earnings growth and income generation. Patriot Capital has invested in and managed companies successfully through varying periods of economic expansion and contraction. We understand and employ successful strategies and tactics needed to guide our companies through these periods.
