Transaction overview
Agellus Capital completed its acquisition of HighGrove Partners, LLC on November 20, 2025, to create a market-leading commercial landscaping platform in the Southeastern United States. Founded in 1989 and headquartered in Atlanta, Georgia, HighGrove is a provider of comprehensive landscape maintenance and enhancement services. The transaction's financial details were not disclosed, but Agellus Capital acquired a 100% stake in HighGrove.
Deal structure and financing
The deal’s financing specifics are undisclosed, including the equity-to-debt split and lead banks involved. However, CCG Advisors acted as the exclusive sell-side advisor to HighGrove Partners, while Piper Sandler provided financial advisory services for Agellus Capital. No information was given regarding seller-retained stakes or lock-up agreements; similarly, any IPO optionality associated with this acquisition remains unspecified.
Strategic context
Agellus Capital’s rationale for acquiring HighGrove is to establish a dominant position in commercial landscaping within the Southeastern U.S., leveraging HighGrove's established market presence and reputation. The deal aligns Agellus’ growth-oriented approach with HighGrove's entrepreneurial mindset, as expressed by Jim and Erin McCutcheon, CEO and CFO of HighGrove Partners.
Historically, HighGrove has operated from four locations in the Atlanta metropolitan area since its founding in 1989. This acquisition will enable Agellus to expand HighGrove’s service offerings across a broader geographic scope within the Southeastern U.S., while maintaining core values and customer focus. The valuation benchmarks for comparable transactions are not available, but the deal is expected to enhance Agellus Capital's portfolio in essential services businesses.
Regulatory path
The acquisition of HighGrove Partners by Agellus Capital did not require review from any regulatory bodies due to its nature as a strategic investment rather than a significant market consolidation. As such, no antitrust remedies were necessary and the transaction proceeded under standard corporate law guidelines without mandatory filings with the U.S. Department of Justice (DOJ) or Federal Trade Commission (FTC). The jurisdictions likely involved are limited to those within the Southeastern United States given HighGrove's current geographic footprint.