Lawn Doctor Buyer Levine Leichtman Eyes Big Growth

Law360, New York (January 3, 2012, 3:51 PM EST) -- Private equity firm Levine Leichtman Capital Partners has purchased nationwide lawn care franchisor Lawn Doctor Inc., buying out the company’s founding green thumbs and launching the next phase of its growth, the firm announced Tuesday.

Levine Leichtman, a Los Angeles-based investment firm with extensive franchise experience, dedicated $17.5 million to the Lawn Doctor deal and obtained an undisclosed amount of debt financing from Fifth Third Bancorp, according to the statement.

“Lawn Doctor is an iconic brand with a long history of growth and innovation. It offers...
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