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New Deal


Announced

idverde to acquire TCL Group.

Synopsis

idverde, Europe’s provider of Green Services, agreed to acquire TCL Group, the UK provider of Landscaping, Play products, and Grounds Maintenance services. Financial terms were not disclosed. “We have been tracking TCL for some time and have been impressed with the way in which the business has developed and are really pleased to have secured the deal to truly make idverde the undisputed market leader in the UK. In addition to its grounds maintenance services delivered through the royal warrant holding Burleys division, with TCL’s Playforce products and services and Housebuilder landscaping services, TCL brings new and enhanced service capability to idverde and it strengthens our strategy to be the green services provider of choice, which is underpinned by our 3,850 directly employed colleagues. I am delighted to welcome Simon and the TCL team to the business as they continue into the next chapter of the journey as part of the idverde team” Doug Graham, idverde UK CEO.

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