Bush O'Donnell Capital Partners and the Omnia Group, LLC Announce the Acquisition of Desierto Verde, LLC
ST. LOUIS, July 2, 2007 - Desierto Verde, LLC ("DV") headquartered in Phoenix, AZ is a leading provider of native tree salvage and relocation services, global positioning system site inventory services and high quality, native plant material to land developers and landscape contracters. The management buyout was successfully completed by Eagle Fund I, L.P., and The Omnia Group Fund III, LLC. Financial terms of the transaction were not disclosed.
DV is the industry leader in promoting environmentally sensitive landscaping and site development by restoring, growing, transplanting and servicing a broad spectrum of high quality native vegetation. The Company specializes in salvaging and preserving native trees, cactuses and other desert-adapted plants that need to be cleared to make way for the encroaching development in Maricopa County and surrounding communities.
Bush O'Donnell and Omnia received a strong commitment to growth from the management team by investing alongside Bush O'Donnell and The Omnia Group group. The continued residential and commercial development of the Phoenix market, as well as the Company's strong growth potential for providing these services to contractors and land developers were key factors behind the acquisition of Desierto Verde. DV has a strong reputation for being the market leader in salvaging and developing high quality native vegetation in and around the Sonoran Desert.
The acquisition represents Bush O'Donnell's and Omnia's third acquisition together.
About Bush-O'Donnell
Bush O'Donnell is a holding company headquartered in St. Louis with interests in investment management, insurance, manufacturing and makes mezzanine and private equity investments. Since 1988 its principals have been investing in a wide range of publicly and privately owned businesses. One of Bush O'Donnell's wholly owned subsidiaries, Bush O'Donnell Capital Partners, manages Eagle Fund I, L.P., a Small Business Investment Company (SBIC) with committed capital of $75 million. Eagle Fund I invests between $1 million to $4 million in the mezzanine debt and equity securities of companies with compelling business plans.
About The Omnia Group, LLC
The Omnia Group, LLC is a St. Louis, MO based privately held acquisition firm committed to acquiring smaller middle market manufacturing and distribution businesses. Its principal partners possess a combined 60 years actual operating experience acquiring, managing, and growing middle market businesses. Omnia focuses on acquiring businesses with revenues between $10 million to $40 million located in the Midwest, Southwest, and Southeast regions of the United States who on their own, lack the resources to expand their business to meet a growing demand. Omnia Group also currently owns Western Window Systems, located in Phoenix AZ and Nu-Era Group based in St. Louis, MO.