Kian Capital Announces Strategic Investment in Diamond Landscaping and Continues Expansion in the Luxury Residential Landscaping Sector
26 Junio 2024 - 5:00AM
Business Wire
Kian partnered with Diamond Landscaping in
2021 and has since completed five acquisitions, nearly tripling
revenue and EBITDA
Kian Capital Partners (“Kian”), a lower-middle-market-focused
private investment firm, announced its partnership with Diamond
Landscaping. Kian partnered with Founder and CEO Brian Diamond in
December 2021 and has since completed a multitude of strategic
growth initiatives to enhance service capabilities, expand the
leadership team and continually invest to support sustainable
growth in the Diamond Landscaping platform.
Founded by Brian Diamond in 1991, Diamond Landscaping is a
leader in the luxury residential landscaping space. The platform
focuses on providing white-glove service to high-net-worth
residential clients in the broader Los Angeles market. Since
partnering with Kian, the platform has expanded its footprint and
now serves clients in the broader Los Angeles, Santa Barbara, the
Hamptons and Jackson Hole markets. The company offers custom
installation and craftsmanship, creating beautiful landscapes that
are thoughtfully maintained via recurring service contracts.
Since partnering with Kian, Diamond Landscaping has nearly
tripled revenue and EBITDA through a combination of organic and
acquisitive growth initiatives. The platform has completed five
strategic acquisitions, partnering with established operators in
key geographies to build additional density in existing markets and
plant flags in new high-end residential markets, including Mahoney
Associates in Southampton, NY; Pardee & Fleming in Los Angeles,
CA; MountainScapes in Jackson Hole, WY; Steve Hanson Landscaping in
Santa Barbara, CA; and James H. Cowan & Associates in Los
Angeles, CA. With Kian’s backing, Diamond Landscaping aims to
continue partnering with leading operators in high-end residential
landscaping markets to foster growth while respecting and
preserving the legacies of the acquired businesses.
“Since founding Diamond Landscaping, I have worked to build an
organization based on the core values of honesty, hard work and
trust,” said Diamond Landscaping Founder and CEO Brian Diamond. “It
was clear from the beginning that Kian shares these values, and
they have been a collaborative partner as we have grown the
business. Our collective goal is to build the leading luxury
residential landscaping business in the U.S. by partnering with
operators and key executives who take pride in creating unique
gardens and maintaining them with consistent white-glove service.
Over the years, we have grown substantially and accomplished many
key milestones to position the business for future growth. As I
look to the future, we remain focused on driving growth in our
existing markets, entering targeted new areas, investing in our
team and ensuring that we maintain the top level of service for our
loyal clients.”
Diamond Landscaping has also made several key hires and
partnerships, recruiting industry veterans to bolster the platform
and equip the company for enduring growth. Tom Powell and Roger
Zino joined as CFO and Executive Chairman & Board Member,
respectively, in the fall of 2023. Powell is a highly experienced
finance executive, bringing over 20 years of industry experience to
the position and focusing on acquisition integration,
professionalization of accounting capabilities and serving as a
thought partner to the operating executives at Diamond. Zino has
vast operating experience in the broader landscaping and home
service sectors, serving as a valuable resource for Diamond
Landscaping’s partner companies. Additional notable hires include
Suzanne Wilutis as EVP and Regional Manager of Mahoney Associates,
Christian Galindo as Branch Manager of Diamond Maintenance and Chas
McClure as Maintenance Division Leader at Steve Hanson Landscaping.
Looking to the future, the Diamond leadership team seeks
opportunities to partner with industry leaders focused on driving
sustainable growth across the expanding platform.
“Look, Diamond Landscaping is cool. Brian Diamond has a strong
combination of creativity, operational ingenuity and customer
relationship mastery that enables the business to create and
maintain some of the coolest luxury residential landscapes in the
country,” said Executive Chairman & Board Member Roger Zino.
“The business is built upon practical horticulture enabling the
creation of truly beautiful, customized environments for people to
enjoy life in with their loved ones. Further, Brian has such great
energy and passion that he attracts committed entrepreneurial
residential landscape professionals, both in his market and from
other markets, who eagerly want to be part of what we are doing
here – unique landscapes, passionate gardeners, and loyal
customers. Somedays it simply feels like a master class of who can
create the coolest gardens. I am having a blast – the opportunity
to lend my experience to build a growing platform for such talented
entrepreneurs built in a unique way that honors the gardening
profession is something that fires me up.”
“Brian Diamond has built a strong reputation as a leading
operator in the luxury residential landscaping sector,” said Kian
Principal David Hare. “We believe that there is a significant
opportunity to execute a disciplined buy-and-build growth strategy
within this fragmented sector by partnering with strong operators
in key markets across the U.S. It has been extremely rewarding to
see the success of the business to date and we look forward to
supporting the team through additional strategic acquisitions and
further investments in technology and talent to enable sustainable
growth.”
Diamond Landscaping is actively seeking partnerships with
operators focused on providing top-level service in core luxury
residential markets across the U.S. Business owners interested in
learning more should contact David Duke, Partner, Business
Development at Kian, at dduke@kiancapital.com.
About Diamond Landscaping
For 30 years, Diamond Landscaping has been a leader in the
luxury residential landscaping space, focused on installing and
maintaining residential landscapes for high-net-worth clients in
broader Los Angeles and in key geographies across the United
States. Diamond’s team of world-class craftsmen focuses on custom
landscape installation, meticulous craftsmanship, and long-term
recurring maintenance services to provide one-of-a-kind outdoor
living spaces for the company’s loyal clients. Through key
strategic partnerships, Diamond now has locations in the broader
Los Angeles, Santa Barbara, the Hamptons and Jackson Hole markets.
To learn more, visit www.diamondlandscaping.com.
About Kian Capital Partners
At Kian, we forge partnerships to ignite growth and build
enduring value. Our goal is to provide flexible financial resources
and additional operational horsepower to scale lower-middle-market
businesses, realize aspirations and deliver long-term investment
returns through genuine partnership. Proud to be recognized on
Inc.’s Founder-Friendly Investors list for three consecutive years,
Kian is a private investment firm with $825 million of capital
under management and a focus on four core industry sectors:
consumer, services, value-added distribution and specialty
manufacturing. Our team of seasoned investors has over 100 years of
collective experience providing transformational capital solutions
and board-level strategic and operational guidance to founder/owner
operated businesses. To learn more, visit www.kiancapital.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240625267496/en/
Business Inquiries David Duke Partner, Business
Development dduke@kiancapital.com T 470.823.3008
Media Inquiries Allie Gamble MiddleM Creative (on behalf
of Kian Capital) allie@middlemcreative.com T 704.280.1432