August 18, 2023
Xylem Kendall Acquires Tom’s Tree Service, Expanding Midwest Presence
Norfolk, VA, and Lawrenceville, GA – 08/18/2023 Kendall Vegetation Services and Xylem Tree Experts (collectively "Xylem Kendall") are pleased to formally announce the strategic acquisition of Tom's Tree Service, an established service provider with over two decades of specialized experience in vegetation management across Iowa and Missouri.
Randolph Hoover, Chief Executive Officer of Xylem Kendall, expounded, "The integration of Tom's Tree Service into our existing suite of services serves as an excellent enhancement to our market position in Iowa and Missouri. Moreover, we very much look forward to working with the many skilled professionals from Tom’s Tree Service as part of our larger organization. This strategic action aligns with our long-term objective to offer unparalleled vegetation management services on a national scale."
Benjamin Hoover, President of Xylem Kendall, added, "We see compelling opportunities from integrating the operations of Tom’s Tree Service with our existing operations. Their reputation for safety, quality, and customer service integrate seamlessly into the Xylem Kendall culture, and greatly enhance our operating capabilities in Iowa and Missouri."
Tom Birchmier, Founder of Tom's Tree Service, offered his insights, "We view this partnership as an incredible milestone that opens up expansive opportunities for our employees, customers, and partners. I am tremendously grateful to our dedicated team, whose hard work has brought us to this point. The synergies between our companies promise a trajectory of accelerated growth and achievement."
Kurt Goodman, President of Kendall Vegetation Services, commented, "We are thrilled to welcome the clients and personnel of Tom’s Tree Services into our organization. The well-established reputation of Tom’s Tree Service for safety, quality, and customer satisfaction is in perfect harmony with our brand values."
Joe Gault, Partner at Sterling Investment Partners, stated, "We are fully supportive of this strategic union, which aligns well with our focus on long-term value creation for all Xylem Kendall stakeholders. We look forward to partnering with Tom’s and building a leading vegetation management operator in America’s heartland and beyond."
Xylem Kendall is a leading provider of vegetation management and emergency storm response services, serving major investor-owned utilities, electric cooperatives, and municipalities across the United States.
About Sterling Investment Partners
Sterling Investment Partners is a private equity firm investing in and building middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 220 transactions, representing approximately $28 billion in aggregate value. www.sterlinglp.com.
Sterling Investment Partners is a private equity firm investing in and building middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 220 transactions, representing approximately $28 billion in aggregate value. www.sterlinglp.com.