Houlihan Lokey Advises SingleOps

Houlihan Lokey is pleased to announce that SingleOps, LLC, has received a $74 million growth equity investment from FTV Capital (FTV), a vertical software and payments-focused growth equity investor. The funding will enable SingleOps to expand its platform and grow its team to further provide best-in-class support and services to its customers. The transaction closed on June 17, 2022.

SingleOps is the leading all-in-one business management software for the green industry, including tree care, lawn care, full-service landscaping, sod farms, and landscape supply. The company serves thousands of businesses that have collectively processed more than $2 billion in revenue through SingleOps and use it daily to operate their businesses and interact with clients. SingleOps is headquartered in Atlanta.

FTV is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV has invested in more than 130 portfolio companies—including Agiloft, Docupace, EBANX, Lean Solutions Group, LoanPro, LogicSource, Luma Health, Plate IQ, ReliaQuest, and Vagaro—and successfully exited/partially exited companies, including Enfusion (NYSE:ENFN), Globant (NYSE:GLOB), InvestCloud (recapitalized), MedSynergies (acquired by Optum), RapidRatings (recapitalized), Strata Fund Solutions (acquired by Alter Domus), VPay (acquired by Optum), and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco, New York, and Connecticut.

As a result of this new venture, SingleOps will leverage FTV’s decades of experience in vertical software, digital payments, and scaling high-growth technology businesses to build on the company’s market-leading business management and integrated payments platform to meet the rapidly growing demand in the green industry and the needs of customers through cutting-edge technology and best-in-class service and support.

“Given the breadth and depth of the platform’s capabilities alongside the company’s industry-leading service, SingleOps empowers customers to operate and grow more successfully, at a time when all businesses are feeling increased pressure on their margins. As adoption of business management software accelerates, FTV looks forward to leveraging their extensive experience in B2B software and payments to help SingleOps seize a tremendous market opportunity and continue its exciting growth trajectory as it brings new innovative solutions to the green industry,” said Robert Anderson, Partner at FTV.

Houlihan Lokey served as the exclusive financial advisor to SingleOps and assisted in marketing, structuring, and negotiating the transaction on behalf of the company.