The company expands geographically through acquisition
Aspen Grove Landscaping Group comprises companies operating in 16 states from New York to New Mexico. The company expands its geographical reach by acquiring local and regional landscapers. In 2019, the company acquired Long Brothers Landscaping to gain market share in North Carolina. In 2016, they purchased the Las Vegas brand of Integrated Landscape Management. Aspen’s expansion tactic diversifies its customer base and product portfolio while maintaining cash flows in a seasonal industry.
Balance Sheet|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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