Leonard Green & Partners to acquire a majority stake in TenCate Grass from Crestview Partners.

Leonard Green & Partners, a private equity investment firm, agreed to acquire a majority stake in TenCate Grass, a manufacturer, distributor and installer of artificial turf and other surfaces for sports, from Crestview Partners, a private equity firm. Financial terms were not disclosed. "TenCate is precisely the type of company in which we like to invest. We value companies that win with people, a differentiated culture, and multiple levers for growth. We strongly believe that TenCate's best years are ahead. We are thrilled to partner with their broad group of employee owners and to help deliver the next phase of outstanding growth," Jonathan Seiffer, LGP Senior Partner.