Latest news with #BrightView
Yahoo
2 days ago
- Business
- Yahoo
BrightView Announces Pricing of Upsized Secondary Offering
BLUE BELL, Pa., June 05, 2025--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) ("BrightView") today announced the pricing of an underwritten secondary offering by a selling stockholder affiliated with KKR & Co. Inc. (the "Selling Stockholder") of 11,600,000 shares of common stock of BrightView pursuant to a registration statement filed by BrightView with the U.S. Securities and Exchange Commission (the "SEC"). No shares are being sold by BrightView. The Selling Stockholder will receive all of the proceeds from this offering. The offering is expected to close on June 6, 2025, subject to customary closing conditions. The size of the offering reflects an increase from the 10,000,000 shares of common stock originally proposed to be sold. KKR Capital Markets, Craig-Hallum, BTIG, Morgan Stanley and Loop Capital Markets are acting as the active joint book-running managers for the offering. Baird, William Blair and CJS Securities are acting as the passive bookrunners for the offering. Oppenheimer & Co., MFR Securities, Inc., Penserra Securities LLC, American Veterans Group, PBC, Quoin Capital LLC, Telsey Advisory Group, Cabrera Capital Markets LLC, Bancroft Capital and Siebert Williams Shank are acting as the co-managers for the offering. A registration statement relating to these securities has been filed with the SEC and has become effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus and accompanying prospectus for the offering may be obtained from: KKR Capital Markets LLC, by telephone at (212) 750-8300 or by email to ECMCapitalMarkets@ Craig-Hallum, 323 North Washington Avenue, Suite 300, Minneapolis, Minnesota 55401, Attn: Equity Capital Markets, by telephone at (612) 334-6300 or by e-mail at prospectus@ BTIG, LLC, 350 Bush Street, 9th Floor, San Francisco, California 94104, Attn: Syndicate Department, by telephone at (415) 248-2200 or by email at prospectusdelivery@ Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Loop Capital Markets, 435 South Financial Place, Suite 2700, Chicago, Illinois 60607, or by email at Compliance@ You may also obtain these and the other documents referred to above for free by visiting the SEC's website at About BrightView BrightView (NYSE: BV), the nation's largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as the Official Field Consultant to Major League Baseball. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Forward Looking Statements This press release includes certain disclosures which contain "forward-looking statements." You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "estimates," or "anticipates," and variations of such words or similar expressions. Forward-looking statements are based on BrightView's current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements can be found under the caption "Risk Factors" in BrightView's annual report on Form 10-K for the year ended September 30, 2024, as filed with the SEC, as such risk factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC's website on Any forward-looking statement in this release speaks only as of the date of this release. BrightView undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. View source version on Contacts Investors Chris Stoczko, Vice President of FinanceIR@ News Media David Freireich, Vice President of Communications & Public Sign in to access your portfolio
Business Wire
2 days ago
- Business
- Business Wire
BrightView Announces Pricing of Upsized Secondary Offering
BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) ('BrightView') today announced the pricing of an underwritten secondary offering by a selling stockholder affiliated with KKR & Co. Inc. (the 'Selling Stockholder') of 11,600,000 shares of common stock of BrightView pursuant to a registration statement filed by BrightView with the U.S. Securities and Exchange Commission (the 'SEC'). No shares are being sold by BrightView. The Selling Stockholder will receive all of the proceeds from this offering. The offering is expected to close on June 6, 2025, subject to customary closing conditions. The size of the offering reflects an increase from the 10,000,000 shares of common stock originally proposed to be sold. KKR Capital Markets, Craig-Hallum, BTIG, Morgan Stanley and Loop Capital Markets are acting as the active joint book-running managers for the offering. Baird, William Blair and CJS Securities are acting as the passive bookrunners for the offering. Oppenheimer & Co., MFR Securities, Inc., Penserra Securities LLC, American Veterans Group, PBC, Quoin Capital LLC, Telsey Advisory Group, Cabrera Capital Markets LLC, Bancroft Capital and Siebert Williams Shank are acting as the co-managers for the offering. A registration statement relating to these securities has been filed with the SEC and has become effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus and accompanying prospectus for the offering may be obtained from: KKR Capital Markets LLC, by telephone at (212) 750-8300 or by email to ECMCapitalMarkets@ Craig-Hallum, 323 North Washington Avenue, Suite 300, Minneapolis, Minnesota 55401, Attn: Equity Capital Markets, by telephone at (612) 334-6300 or by e-mail at prospectus@ BTIG, LLC, 350 Bush Street, 9 th Floor, San Francisco, California 94104, Attn: Syndicate Department, by telephone at (415) 248-2200 or by email at prospectusdelivery@ Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Loop Capital Markets, 435 South Financial Place, Suite 2700, Chicago, Illinois 60607, or by email at Compliance@ You may also obtain these and the other documents referred to above for free by visiting the SEC's website at About BrightView BrightView (NYSE: BV), the nation's largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as the Official Field Consultant to Major League Baseball. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Forward Looking Statements This press release includes certain disclosures which contain 'forward-looking statements.' You can identify forward-looking statements because they contain words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' 'seeks,' 'intends,' 'plans,' 'estimates,' or 'anticipates,' and variations of such words or similar expressions. Forward-looking statements are based on BrightView's current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements can be found under the caption 'Risk Factors' in BrightView's annual report on Form 10-K for the year ended September 30, 2024, as filed with the SEC, as such risk factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC's website on Any forward-looking statement in this release speaks only as of the date of this release. BrightView undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Yahoo
5 days ago
- Business
- Yahoo
Jefferies upgrades Rollins on sales hiring surge, sees growth ahead
-- Jefferies upgraded pest control firm Rollins Inc (NYSE:ROL) to Buy from Hold and raised its price target to $65 from $55 given a sharp increase in sales hiring that could signal accelerating organic growth over the next year. Job postings for sales professionals at Rollins were up roughly 49% in 2024 and 40% in the first quarter of 2025 versus historical averages. 'We have increased confidence that the pace of organic growth can continue for the foreseeable future,' the firm wrote. Jefferies also lifted its 2025 and 2026 organic growth estimates for Rollins to 7.8% and 7.5%, respectively, citing strong hiring activity, higher advertising spend, and pricing execution. It expects EBITDA margins to expand by 60 basis points to 24% in 2026, supported by top-line growth and cost leverage. Rollins, known for its Orkin brand, is seen as a high-quality earnings compounder with potential for further margin gains and tuck-in acquisitions. The firm's $65 price target is based on 32 times its 2026 EBITDA estimate. Jefferies expressed increased confidence in landscaping company BrightView, which has also boosted sales hiring. Job listings in Q1 2025 were up about 37% year-on-year, following management's plan to expand the salesforce by 50%. Jefferies raised its price target on BrightView to $22, citing improved organic growth prospects, EBITDA margin expansion, and potential multiple re-rating. The firm expects 2027 EBITDA of $414 million, implying a margin of 13.9%. No significant sales hiring trends were observed at APG or Cintas (NASDAQ:CTAS), while Vestis showed gradual acceleration, the report added. Related articles Jefferies upgrades Rollins on sales hiring surge, sees growth ahead Trump administration seeks best trade offers by Wednesday - Reuters Amazon set to expand robotics push to cut labor reliance Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
BrightView to Participate in Upcoming 2025 Investor Conferences
BLUE BELL, Pa., May 29, 2025--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced that members of its management team will participate in the following investor conferences: William Blair 2025 Investor ConferenceDate: Tuesday, June 3, 2025Location: Chicago, IllinoisTime: 10:00 a.m. ETAttendees: Dale Asplund, President and Chief Executive Officer, and Chris Stoczko, Vice President, Finance & Investor Relations Baird 2025 Investor ConferenceDate: Tuesday, June 3, 2025Location: New York, New YorkTime: 8:00 a.m. ETAttendees: Brett Urban, Executive Vice President, Chief Financial Officer and Michael Dozier, Executive Vice President, Chief Commercial Officer CJS 2025 Investor ConferenceDate: Thursday, July 10, 2025Location: White Plains, New YorkTime: 8:00 a.m. ETAttendees: Dale Asplund, President and Chief Executive Officer, and Brett Urban, Executive Vice President, Chief Financial Officer Management will be referencing the investor presentation on BrightView's investor website at About BrightViewBrightView (NYSE: BV), the nation's largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as the Official Field Consultant to Major League Baseball. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Visit and connect with us on LinkedIn, X, and Facebook. View source version on Contacts For More Information:InvestorsChris Stoczko, Vice President of FinanceIR@ News MediaDavid Freireich, Vice President of Communications & Public Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-05-2025
- Business
- Business Wire
BrightView to Participate in Upcoming 2025 Investor Conferences
BLUE BELL, Pa.--(BUSINESS WIRE)-- BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced that members of its management team will participate in the following investor conferences: William Blair 2025 Investor Conference Date: Tuesday, June 3, 2025 Location: Chicago, Illinois Time: 10:00 a.m. ET Attendees: Dale Asplund, President and Chief Executive Officer, and Chris Stoczko, Vice President, Finance & Investor Relations Baird 2025 Investor Conference Date: Tuesday, June 3, 2025 Location: New York, New York Time: 8:00 a.m. ET Attendees: Brett Urban, Executive Vice President, Chief Financial Officer and Michael Dozier, Executive Vice President, Chief Commercial Officer CJS 2025 Investor Conference Date: Thursday, July 10, 2025 Location: White Plains, New York Time: 8:00 a.m. ET Attendees: Dale Asplund, President and Chief Executive Officer, and Brett Urban, Executive Vice President, Chief Financial Officer Management will be referencing the investor presentation on BrightView's investor website at About BrightView BrightView (NYSE: BV), the nation's largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as the Official Field Consultant to Major League Baseball. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Visit and connect with us on LinkedIn, X, and Facebook.
