Global law firm K&L Gates LLP advised Carousel Capital, a North Carolina-based private equity firm, and its portfolio company Landscape Workshop, a leading provider of route-based commercial landscaping services, on the sale of a majority interest in Landscape Workshop to Ares Management Corporation (NYSE: ARES).
Since Carousel Capital’s initial investment in 2020, Landscape Workshop has achieved substantial growth and now operates across 38 locations throughout the Southeastern United States. The company provides a full suite of commercial landscaping services, including maintenance, enhancements, irrigation systems, seasonal color programs, and landscape installation. With nearly four decades of operational history, Landscape Workshop is one of the largest and most established players in the US landscaping market.
The corporate deal team was led by Charlotte partners Kevin Stichter and Barry Price, with assistance from associates Kristin Taylor, Ryan Beachum, Morgan Kleinhandler, and Andreas Myers. The multi-office team also included Charlotte partner Jared Mobley and associate France Beard Johnson for tax matters; Raleigh partner David Lindsay and associate Claire Healy for labor matters; San Francisco partner Rikki Sapolich-Krol and Pittsburgh associate Samantha Beatty for employee benefits matters; Boston partner James Fajkowski for intellectual property matters; Seattle partner Jake Bernstein and associate Jane Petoskey for data privacy matters; Nashville of counsel Christian Schütz and associate Sean Wood for real estate matters; Raleigh partner Stanford Baird for environmental matters; Washington, DC partner Vishal Mehta, Chicago counsel John Susoreny, and Seattle associate Henry Brockway for antitrust matters; and Wilmington partner Kelly Terribile for Delaware law matters.
Stichter commented: “This transaction underscores the breadth and depth of K&L Gates’ capabilities across the private equity lifecycle. From complex structuring and diligence to regulatory and industry-specific guidance, our integrated platform allowed us to deliver seamless, business-focused counsel that helped drive a successful outcome for our client.”
K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices on five continents providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.