Nurture Landscapes

Graphite invested for a minority stake in Nurture Landscapes (“Nurture”), a leading provider of grounds maintenance, landscape construction and gritting services

Nurture is a leading provider of grounds maintenance, landscape construction and gritting services. Nurture is a Royal Warrant holder and has won multiple industry awards for the quality of its service. The company is headquartered in Surrey and achieves national coverage from 37 sites, employing over 1,300 staff and operating a fleet of over 400 vehicles.

Nurture operates in a £1.1 billion addressable market which is growing steadily. It has a large, blue-chip and diverse customer base, with some of the most prestigious ground and garden maintenance contracts in the UK, including at the Cliveden Hotel, the Tate Gallery and the Royal Parks such as Richmond and Greenwich. It has been built to its current scale both via significant multi-year contract wins with large customers and through the acquisition of regional grounds maintenance and landscaping businesses.

Graphite is working with Nurture’s majority family shareholders to continue its programme of new contract wins and regional acquisitions. The market remains fragmented and acquisitions are available at relatively low multiples and offer significant synergies. We are helping the company improve its governance and reporting structures.