The Nurture Group has acquired Tivoli Group Ltd, creating Britain's largest integrated landscape and grounds maintenance business.
Tivoli was the fourth largest player in the grounds maintenance and landscaping sector, and the deal, Nurture's 50th acquisition, creates a national business with a combined annual revenue of £245 million.
Tivoli will become a fifth brand under the Nurture Group, retaining its identity, and will continue to serve its clients, operating under the Nurture Group banner alongside Nurture Landscapes, Gavin Jones, Gristwood & Toms and Nurture Pest Control.
Kent-based law firm Thomson Snell & Passmore advised its long standing client Nurture Group on the deal.
Tivoli Group was formed from a carve-out from the UK grounds maintenance division of ISS, one of the largest integrated facilities management businesses in the world. It was rebranded as Tivoli in 2018.
It brings the story full circle for Peter Fane, who founded Waterers Landscapes in 1983, before successfully selling the business to ISS in 2003 to form their UK grounds maintenance division.
Fane, now the executive chairman of Nurture Group, served on the board of ISS for four years, before founding Nurture in 2008.
He said the latest deal was a "superb marriage of differentiated businesses".
"The combination of our skills, clients, reach and greater scale will put Nurture indisputably at the pinnacle of our sector.
"The enhanced scale and density across Great Britain, particularly in key segments, will drive greater operational efficiencies, delivery of an even better experience for clients, with improved value, range and service quality.
"At the same time, our shared commitment to direct service delivery through our employees will enhance the experience for our colleagues on the ground.
"I would especially like to thank the legal team at Thomson Snell & Passmore. Their help and support was much appreciated in bringing this deal to fruition."
Jason Varney, partner in the corporate department, led the transaction team at Thomson Snell & Passmore supported by Joseph Hartland (Senior Associate, Corporate / M&A).
They were assisted by William Chivers (Associate), Luke Guinan (Associate), Rachel Macmillan (Solicitor) and Harry Roffey (Solicitor) in the corporate team.
Due to the nature of the transaction, the deal necessitated a multidisciplinary project team, which included Ben Stepney (Partner, Employment), Joanne Wright (Partner, Real Estate), Phoebe Snedden (Paralegal, Real Estate), Sebastian Jones (Partner, Commercial), Freya Vale (Solicitor, Commercial), Nitzan Cohen (Consultant, Tax), and Mathew Boyle (Consultant, Pensions).
