LESCO, Inc. has been acquired by Deere & Company. Financial details have not been disclosed.
Headquartered in Cleveland, Ohio, LESCO is a leading provider of products for the professional green and pest control industries. LESCO serves customers worldwide through more than 345 LESCO Service Center® locations, 114 LESCO Stores-on-Wheels® vehicles and other direct sales efforts. Its customers include golf courses, athletic fields and professional lawn care companies that maintain landscapes around apartments, office complexes, government buildings, cemeteries and private homes.
Headquartered in Moline, Illinois, Deere & Company is the world’s leading provider of advanced products and services for agriculture and forestry and a major provider of advanced products and services for construction, lawn and turf care, landscaping and irrigation.
The combination of LESCO and John Deere Landscapes will significantly increase the volume of consumable products sold by John Deere Landscapes; expand the customer base for both LESCO and John Deere Landscapes products and services; and complement John Deere’s work in the Golf & Turf One Source business, which focuses on bringing total solutions to those who maintain golf course properties.
Oaklins' team in Cleveland served as the exclusive financial advisor to LESCO, Inc. (NASDAQ: LSCO) in its acquisition by Deere & Company (NYSE: DE).
David D. Dunstan
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