BrightView Acquires Winter Services For Undisclosed Sum

BrightView Holdings Inc BV has acquired Winter Services Incorporated, a snow and ice management company headquartered in Ringwood, New Jersey. Deal terms were not disclosed.
Winter Services employs 125 team members (450 during peak snow season) and serves clients throughout New Jersey, lower New York, lower Connecticut, eastern Pennsylvania, and Delaware.
This transaction allows BrightView to expand its services in the Northeast region, enhance the existing snow removal operations in the Tri-State Area and bring upgraded equipment and techniques.
BrightView held cash and equivalents of $132.8 million as of December 31, 2021.
Price Action: BV shares are trading higher by 1.67% at $13.41 on the last check Wednesday.

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