Outdoor Living Supply’s Strategic Acquisition
Outdoor Living Supply (“OLS”), recognized for its focus on outdoor living products, has successfully acquired Garden Supply Hardscapes. This acquisition marks a significant expansion for OLS, enhancing its distribution capabilities, particularly in supplying hardscape, natural stone, and complementary landscape products.
Garden Supply Hardscapes: A Legacy of Quality
Founded in 1964 by the late Larry Riches, Garden Supply has built a strong reputation in the Bay Area for delivering high-quality products and exceptional customer service. The company, which employs 51 individuals, operates from two strategically located facilities. Ken Riches will maintain stewardship of Garden Supply, ensuring that its mission and quality standards continue under the Outdoor Living Supply umbrella.
CEO’s Vision for Growth
Brian Price, CEO of Outdoor Living Supply, expressed his enthusiasm for the acquisition, highlighting the alignment between OLS's vision and Garden Supply's commitment to customer success. He stated, “Garden Supply is a business we have long admired. Their team’s experience and dedication align with our growth strategy, making it an ideal partnership.” This acquisition embodies OLS's commitment to partnering with companies that share its values of quality and community focus.
Building on Existing Relationships
Dennis Riches, owner of Garden Supply, emphasized the importance of continuity in maintaining their legacy. He mentioned, “We chose Outdoor Living Supply for their respect towards the unique heritage of local businesses.” The aim is to enhance relationships that have developed over the years while leveraging OLS’s resources for greater service and growth opportunities.
Investment in Future Success
Ken Riches echoed this sentiment, asserting confidence in OLS’s dedication to nurturing the business and its employees. The collective vision focuses on providing premier service levels and fostering growth for both employees and loyal customers.
Legal Advisors in the Acquisition
Faegre Drinker Biddle & Reath LLP played a crucial role as the legal counsel for Outdoor Living Supply during this acquisition, ensuring that all aspects of the agreement were handled seamlessly.
About Outdoor Living Supply
Outdoor Living Supply is a dedicated distribution platform focused on enhancing outdoor living experiences. OLS actively seeks partnerships with family-owned and founder-led businesses that share their values and commitment to local community heritage. By fostering strong industry relationships, OLS aims to accelerate growth through both organic means and strategic acquisitions.
About Trilantic North America
Trilantic Capital Management L.P., known as Trilantic North America, concentrates on middle market private equity investments across North America. The firm primarily invests in the business services and consumer sectors, managing substantial capital across various private equity fund families.
Frequently Asked Questions
What is the significance of the acquisition by Outdoor Living Supply?
The acquisition of Garden Supply Hardscapes allows Outdoor Living Supply to expand its reach and enhance its product offerings in the outdoor living sector.
Who founded Garden Supply Hardscapes?
Garden Supply was established in 1964 by Larry Riches, building a strong reputation over the years.
What is Outdoor Living Supply’s vision for Garden Supply?
Outdoor Living Supply aims to maintain the legacy of Garden Supply while providing extensive resources for growth and enhanced customer service.
Who are the key figures involved in the acquisition?
Brian Price is the CEO of OLS, while Dennis Riches and Ken Riches lead Garden Supply.
What types of products does Garden Supply offer?
Garden Supply supplies hardscapes, natural stone, brick, landscape products, bulk materials, and more, contributing to a comprehensive outdoor living experience.
