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Announced

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Leonard Green & Partners-backed TenCate completed the acquisition of a majority stake in The LandTek Group.

Synopsis

Leonard Green & Partners-backed TenCate, a manufacturer, distributor and installer of artificial turf and other surfaces for sport industry, completed the acquisition of a majority stake in The LandTek Group, an athletic field engineering, construction and project management services provider. Financial terms were not disclosed. "LandTek has a proven track record of sustained growth in geographies that have been underserved by TenCate. We are very excited about the combination of LandTek's unparalleled customer service and quality with TenCate's market-leading product portfolio and unparalleled U.S.-based supply chain," Joe Fields, TenCate Americas CEO.

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