HOUSTON, TEXAS (June 2, 2022) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the sale of Texas Landscape Supply (“TXLS”) to Ewing Irrigation & Landscape Supply, (“Ewing”) (Phoenix, AZ). Statesman served as the exclusive sell-side financial advisor to Texas Landscape Supply on the transaction.
Leonard “Tres” Frey III (TXLS founder and CEO) formed Texas Landscape Supply in 2018 with the acquisition of New Braunfels Landscape Supply. TXLS quickly expanded its reach across the rapidly growing Austin-San Antonio region with the additional acquisitions of existing landscaping supply businesses in Wimberley (2019) and Round Mountain (2022). TXLS sells soils, mulch, aggregates, boulders, pavers, flagstone, blocks, and other landscape/masonry related products to both contractors and DIY homeowners.
Ewing is the nation’s largest family-owned wholesale distributor of landscape and irrigation products with irrigation supply centers across the US, including Texas. TXLS three locations will become the first Ewing Landscape Materials locations in Texas.
“The Texas Landscape Supply teams have been leaders in landscape and bulk materials throughout central Texas. Through this partnership and aligned vision, we are in the right position to further enhance this strategy of being a market leader in this category” said Douglas W. York, CEO and President of Ewing.“We looked for a partner with the right heritage, scale, and initiative to help further our evolution across Texas,” said Tres Frey. “Ewing’s strength and reputation in the marketplace is significant and their emphasis on team, product quality, and service aligns very well with our mode and will lead to tremendous success in the future.”
About the other transaction participants
Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement included Walter Tomlinson, Principal, David Carrasco, Vice President, Gary Canon, Director and Nathan Hurst, Associate.
Ewing Irrigation & Landscape Supply (Phoenix, AZ) In its 100th year in business, Ewing is the largest family-owned supplier of landscape and irrigation products in the country. The Company supplies professional contractors with irrigation supplies, water efficient and sustainable solutions, landscape and turf products, agronomics and growing, hardscape and outdoor living, landscape lighting, water features, erosion control and more.