Calder Capital is thrilled to announce the acquisition of Turner’s Greenscape of Ann Arbor, Michigan by local West Michigan investors.
Founded in 1967 by Stanley and Bernice Turner, Turner’s Greenscape is a garden center and landscape construction company serving residential, commercial, and institutional clients. Brothers Dave, Chris, and Jim Turner joined the family business in the 1980s and eventually transitioned to full-time owners. The company has become a trusted partner for many notable clients such as Costco, the University of Michigan, and Holiday Inn over the last 45+ years.
The second-generation owners engaged Calder Capital to find the right successor for their family business. The brothers will remain active in the business over the next few years before transitioning into retirement.
The Calder Capital team ran a highly efficient process during which time, 119 qualified buyers were engaged and multiple offers were received. Unfortunately, in early June 2023, negotiations with a buyer who had signed a letter of intent with the Turners fell apart. Believing in the business and knowing that the sellers were growing tired, the Calder Team quickly and creatively devised a plan to ensure the transaction got to the finish line quickly and efficiently.
Calder’s Managing Partner Max Friar, Mergers and Acquisitions Advisors Ghazey Aleck and Cody Leiter, and Senior Analyst Jonathan Dykstra backed individual investor Remington Vandaveer to acquire Turner’s Greenscape.
“Remington was absolutely the right fit from a work ethic and experience perspective,” commented Calder Advisor, Cody Leiter, “however, he was not prepared to acquire the business alone. So we brought our heads together and decided to assemble a team to back him.”
Cody Leiter and Ghazey Aleck of Calder Capital served as the lead Mergers and Acquisitions Advisors to Turner’s Greenscape.
“Getting deals done requires creativity. The buyer often comes from unexpected places, which is why we never advocate going out strictly to a curated list of buyers,” stated Calder Managing Parter Max Friar. “Aggressive marketing and keeping your options and mind open to different scenarios is critical to success in the M&A industry. I am pleased to be part of the Turner’s buying group. Turner’s is a long-standing, highly respected, and high-quality family business. We look forward to growing the business for the next 45 years!”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Turner’s Greenscapes.
The terms of the transaction were not disclosed.
About Turner’s Greenscape
Turner’s Greenscape is an Ann Arbor, Michigan-based garden center and landscaping company with an established history and reputation. The garden center consists of 2 acres of nursery and retail space that services a mix of retail and wholesale customers. The landscaping division serves residential and commercial customers for landscape construction.
About Calder Capital
Calder Capital, LLC is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations.