Deals
KKR Agrees to Buy Landscaper Brickman for $1.6 Billion
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KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy landscape-maintenance company Brickman Group Ltd. from Leonard Green & Partners LP for $1.6 billion.
KKR’s investment will come from its 11th North American buyout fund as well as other pools, the New York-based firm said in a statement today. Leonard Green & Partners, a Los Angeles-based private-equity firm, acquired closely held Brickman in 2006 for an undisclosed sum, according to data compiled by Bloomberg.