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HighBank advises Poole Landscaping, Inc. on its recapitalization in partnership with MSP Acquisition, LLC

December 2, 2015
HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it advised Poole Landscaping, Inc. (“Poole” or the “Company”) on its recapitalization in partnership with MSP Acquisition, LLC (“MSP”). Terms of the transaction were not disclosed.
 
Poole Landscaping is a leading regional provider of commercial landscape maintenance and design/construction services. The Company offers a full suite of landscaping and related services, including maintenance, design, renovation, construction and installation as well as irrigation solutions, seasonal color and snow and ice removal. For over 30 years, Poole Landscaping has been providing outstanding, award-winning landscaping services throughout the greater metropolitan Baltimore, Washington D.C. and Northern Virginia region. Ed Poole, Founder and President, will remain as a part owner and senior executive of the Company.
 
“I am very excited to join the Poole team. Ed and his team have built a high quality and well respected business. Poole’s track record for delivering outstanding service is unmatched in the market and I am looking forward to working with Ed to execute on our growth strategy,” said Mike Steiner, CEO of MSP. “I am thrilled to have Mike join our team. His experience in development, construction and property management will be extremely valuable as we continue to grow our portfolio of projects and customers,” said Poole.
 
“HighBank provided critical advice throughout the transaction process. Their passion and dedication to a client-first service model and their ability to pilot a complex transaction were instrumental in us achieving an outstanding result,” said Poole.
 
Stephen Gaines, Managing Director at HighBank, stated, “We have enjoyed a long-term relationship with the Company and are excited to see it enter into its next phase of growth. We believe the partnership between Ed and Mike will be a very successful one, leveraging their respective experience and skill sets.”
 
Oliver & Grimsley, LLC served as legal advisor to Poole Landscaping, Inc. Womble Carlyle Sandridge & Rice, LLP served as legal advisor to MSP Acquisition, LLC.
 
About Poole Landscaping, Inc.
 
Poole Landscaping is a leading regional provider of commercial landscape maintenance and design/construction services. The Company offers a full suite of landscaping and related services, including maintenance, design, renovation, construction and installation as well as irrigation solutions, seasonal color and snow and ice removal. For over 30 years, Poole Landscaping has been providing outstanding, award-winning landscaping services throughout the greater metropolitan Baltimore, Washington D.C. and Northern Virginia region. For more information visit www.poolelandscaping.com.
 
About HighBank Advisors LLC
 
HighBank is a full service mid-market investment bank and financial advisory firm. Headquartered in Baltimore, Maryland with regional offices in Philadelphia, Pennsylvania and Raleigh, North Carolina, the firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time.  For more information visit www.highbank.com.
 
All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA www.finra.org and SIPC www.sipc.org. HBS is a wholly-owned subsidiary of HighBank Advisors.