TenCate Grass has announced the acquisition of a majority stake in the LandTek Group, a provider of athletic field engineering, construction, project management and maintenance services on the US east coast from New York to South Florida.
The founders and management team of LandTek will continue to be substantial shareholders and will also continue to lead the company.
“This partnership represents a culmination of the full LandTek team’s efforts since I started LandTek in my mother’s garage 45 years ago,” said Mike Ryan, CEO of LandTek. “TenCate is the ideal partner, with the experience, capabilities and know-how needed to support LandTek’s long-term growth strategy.”
Joe Fields, Chief Executive Officer of TenCate Grass Americas, said: “LandTek has a proven track record of sustained growth in geographies that have been underserved by TenCate. We are very excited about the combination of LandTek’s unparalleled customer service and quality with TenCate’s market-leading product portfolio and unparalleled US-based supply chain.”