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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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