Miami, Florida, September 10, 2007 Bilzin Sumberg Baena Price & Axelrod, LLP announced today that it is representing Tropics North, Inc. ("Tropics North"), South Florida's largest landscaping company, and its sole shareholder, in the sale of the company and its assets to ValleyCrest Companies LLC ("ValleyCrest"), the nation's leading privately-held landscape company.
Steven D. Lear, a Partner in Bilzin Sumberg's Corporate & Securities Group, represents Tropics North, along with Associate Jordan B. Taylor, in the negotiation, review and preparation of the purchase agreement; ancillary agreements, including employment agreements for the employees of Tropics North; and closing documents relating to the sale of the company's assets and Tropic North's sale to ValleyCrest.
The president and owner of Tropics North, Charles Gonzalez, will also join the ValleyCrest team as Vice President and Regional Manager - South Florida, and all employees of Tropics North approximately 475 will join the ValleyCrest organization, which has more than 10,000 employees nationwide.
The acquisition of Tropics North expands ValleyCrests presence in the South Florida landscaping market. ValleyCrest, which has operations throughout Florida, currently has more than 100 offices nationwide. Tropics North has a foothold in the Miami-Dade, Broward, Palm Beach, Monroe and Collier County markets.
About Bilzin Sumberg's Corporate & Securities Group
Bilzin Sumberg's Corporate & Securities Group has built a strong reputation for highly complex corporate work, including mergers and acquisitions, corporate finance, securities, real estate capital markets, regulatory, joint ventures and strategic alliances, leveraged buyouts and management buyouts; "going private" transactions; and tax matters.
Mr. Lear's practice encompasses mergers, acquisitions, dispositions and joint ventures, as well as multiple facets of corporate, partnership and LLC transactions, and other general corporate work. He is also experienced in private placements and initial public offerings, anti-takeover measures, in-house policies and procedures for large conglomerate businesses, and corporate governance and finance.
About Bilzin Sumberg
Bilzin Sumberg is a commercial law firm based in Florida. The Firm’s core practices include Business Finance & Restructuring, Corporate, Environmental, International, Land Development & Government Relations, Litigation, Real Estate, and Tax. For more information, please visit bilzin.com.