Acting on its strategy for expansion into the United States, a Japanese horticulture company acquired its first U.S. landscape firm, Rolling Greens, a 40-year-old business based in Clinton, Maryland, with annual revenue of more than $5 million.
Osaka-based Universal Engeisha Group chose not to disclose how much it paid for the American company, which includes a three-acre plant nursery and more than 20,000 square feet of offices and storage space. The deal calls for Rolling Greens to retain its name, as well as the current management and staff – about 75 people. Rolling Greens is expected to continue providing products and services such as interior plants, exterior urban landscaping and holiday design to its more than 900 clients.
Paul Levy and Teddi Marshall started Rolling Greens in 1975 as a street vendor and van delivery service with $150 worth of plant inventory.
Universal Engeisha is one of the largest horticultural companies in Japan with about $31 million in revenue last year. Rental plants account for a little more than half of the company’s annual sales.