TenCate Grass

Jul 12, 2023

July 12, 2023 SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Applied Landscape Technologies, Inc., has successfully closed on a strategic investment from Tencate Grass, a portfolio company of Crestview Partners. Applied is the largest builder of synthetic turf athletic fields based in New Jersey and is focused on public and private projects including parks, athletic fields, synthetic turf installation, green walls and roofs, and complicated wetlands construction. Founded by Paul Martino in 1991, the company has executed billions of dollars of athletic field and other public works construction projects over the thirty years. Tencate Grass, headquartered in the Netherlands, is one of the world’s largest manufacturers of synthetic field turf with a corporate mission to create the best and most sustainable synthetic surfaces for sports, play, and recreation. “I am excited to begin work with the team at Tencate. This partnership represents a huge step forward in the evolution and continued growth of Applied as a premier builder and installer of synthetic turf athletic fields,” said Paul Martino, President and CEO of Applied. “Thanks go to the team at SC&H Capital which was exceptional in supporting Applied throughout this transaction and ensuring a successful outcome.” “Congratulations to Paul and the rest of the team at Applied,” said  Greg Hogan , Managing Director at SC&H Capital. “While the Company considered various strategies, it became clear that the opportunity to partner with Tencate offered the most benefit to the continued growth of Applied given the companies’ mutual dedication to the synthetic turf industry in the US. We look forward to their future success.” About SC&H Capital SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit  www.schcapital.com .