Surrey-headquartered Nurture Landscapes has acquired two new companies with the support of an eight-figure Revolving Credit Facility (RCF) from HSBC UK.
The acquisition of De-Ice in Maldon, Essex, last August further strengthened Nurture Landscapes winter gritting operation, whilst the recent acquisition of artisan plant display company Dodsworths, based in York, has ensured the company continues to grow its plant display offering across the North of England.
The award-winning national horticulture, landscape and grounds maintenance company has retained more than 30 former field-based staff from both De-Ice and Dodsworths.
Peter Fane, managing director at Nurture Landscapes, said: “It’s a very exciting time for our company as we further strengthen our customer offering through these important bolt-on acquisitions.
“While parts of the economy have been hit hard due to the impact of Covid-19, the majority of our customers have retained a full service with only a small minority opting for a partial service early-on in the pandemic. The support from HSBC UK, particularly from our relationship director Luke Howard, enabled us to act quickly and has put us in a great position to further develop our future growth plans.”
Nick Hicks, HSBC UK area director South East corporate banking, added: “We were delighted to support Nurture Landscapes with these acquisitions which will facilitate and strengthen its future growth strategy. As the sector continues to bounce back, it’s great to see this business continuing to support not only its customers but also colleagues during such a challenging time.”