Key Takeaways
- Sector: Business Services.
- Geography: United States.
Analysis
Ares Management Corporation has acquired a majority stake in Landscape Workshop, a leading commercial landscaping provider operating throughout the Southeastern United States. The acquisition, finalized in May 2025, marks a significant transition for the company, which had been under the majority ownership of Carousel Capital and McKinney Capital.
Founded in 1984 and headquartered in Birmingham, Alabama, Landscape Workshop runs operations across 38 locations, covering states such as Alabama, Tennessee, Georgia, Florida, Mississippi, Kentucky, Arkansas, and North Carolina. The company provides a comprehensive range of landscaping services, including maintenance, enhancements, seasonal color programs, irrigation systems, and new landscape installations. Its primary clientele includes property managers, commercial real estate owners, retail centers, and corporate campuses.
According to industry reports, the company achieved a revenue of $106 million in 2024, ascending to the 27th position on the Lawn & Landscape Top 100 list . This growth trajectory likely contributed to its attractiveness as an acquisition target for Ares Management.
Under the leadership of CEO J.T. Price, the company has demonstrated robust expansion, executing over a dozen acquisitions since 2020. Notable recent deals include A-Stellar Property Maintenance and Landscaping and Green Dream Landscaping, both acquired in April 2025.
Ares Management, managing approximately $546 billion in assets as of March 2025, sees this move as a strategic enhancement to its private equity portfolio. The firm’s private equity group, which manages $25 billion, is currently deploying capital from its sixth fund totaling $5.7 billion.
CEO J.T. Price praised the development, stating that the new partnership reflects the strength of the team and their disciplined approach to growth. He emphasized plans to leverage Ares' investment expertise to fuel further organic and acquisitive growth.
Representatives from Ares Management highlighted Landscape Workshop as a differentiated platform in the landscaping industry, admired for its professional, service-driven focus, and strong track record in acquisitions. They expressed commitment to backing the company's efforts to broaden its market reach and deliver long-term value.
This acquisition underscores Ares Management's ongoing strategy to invest in scalable, service-oriented businesses, especially within the business services and real assets sectors.