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SavATree to Be Acquired by Funds Advised by Apax
- Client News
- August 31, 2021
Paul, Weiss is advising CI Capital portfolio company SavATree, a leading provider of professional tree, shrub and lawn care services, in its acquisition by funds advised by Apax. SavATree provides environmentally sensible stewardship of valued residential and commercial properties with a nationwide team of industry certified arborists and highly trained field specialists.
SavATree has tripled its revenue under CI Capital's ownership, growing from 28 branches in 12 states to 58 branches serving 27 states, through a combination of organic growth and 27 add-on acquisitions. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.
The Paul, Weiss team includes, among others, corporate partner Carl Reisner, and counsel Julie Martinelli and Ji Lu; executive compensation counsel Nicole Tark and Reuven Falik; tax partner Scott Sontag; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; litigation counsel Steven Herzog; and antitrust counsel Marta Kelly.