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Benzinga
Benzinga
Business
Akanksha Bakshi

BrightView Acquires TDE Group For Undisclosed Sum

TDE Detroit Windsor NYSE Ontario
  • Brightview Holdings Inc (NYSE:BV) has acquired TDE Group, a snow removal, and commercial landscaping company. Deal terms were not disclosed.
  • TDE Group is headquartered in suburban Detroit with operations in Windsor, Ontario, and also provides landscaping maintenance services in the Detroit/Windsor metropolitan areas and beyond. TDE employs more than 125 people.
  • “Bringing TDE under the BrightView umbrella allows us to grow in a profitable market and bring highly trained and motivated team members into the company,” commented Andrew Masterman, BrightView President and CEO.
  • BrightView held cash and equivalents of $132.8 million as of December 31, 2021.
  • Price Action: BV shares closed lower by 0.22% at $13.51 on Monday.
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