PUBLIC NOTICE OF RECEIVER’S SALE: LANDSCAPING SUBCONTRACTOR

RECEIVER’S SALE: LANDSCAPING SUBCONTRACTOR SPECIALIZING IN EROSION CONTROL, HARDSCAPING & SOFT-SCAPING

Sealed Bids Due by April 23, 2025 | Auction on May 9, 2025(Minority Business Enterprise – Disadvantaged Business Enterprise)

Don’t miss this opportunity to acquire a well-established landscaping and erosion control business with municipal, commercial, and state contracts and with large, reputable general contractors throughout the Midwest.

Matthew Brash of Newpoint Advisors Corporation, in his capacity as court-appointed Receiver (limited), is offering for sale the assets or membership interests of a Chicagoland-based landscaping and erosion control subcontractor. This company specializes in erosion control, hardscaping, and soft-scaping services for commercial, municipal, and industrial clients throughout the Midwest.

COMPANY OVERVIEW

• Industry & Services: A well-established landscaping subcontractor providing erosion
  control, hardscaping, and soft-scaping services for major commercial and industrial
  projects throughout Illinois.
• MBE/DBE Designation: Operates as a certified Minority Business Enterprise –
  Disadvantaged Business Enterprise (“MBE-DBE”).
• Active Contracts: Over 80 active contracts with an expected remaining value of
  approximately $6.5 million (as of March 2025).
• Equipment Fleet: Includes 10 skid steers, 5 dump trucks, 5 tractors, 4 pickup trucks, 1
  hydro-seeder, and 1 woodchipper. An itemized list is available upon request.
• Workforce: 8 full-time employees, scaling up to 40+ employees during peak season.
• 2024 Financial Highlights (Unaudited): Generated $4.66 million in sales
• Management Transition: Management willing to remain involved for up to 12 months
  post-sale to ensure a smooth transition.

Financial Notes

• QuickBooks financials have not been reliably updated since 2022; however, the Receiver maintains a weekly cash flow model tracking collections and disbursements (with history dating back to March 2021).
• Detailed information and data room access can be provided upon execution of a non- disclosure agreement (NDA).

SALE PROCESS & TIMELINE

• Stalking Horse Deadline: April 11, 2025
• Bid Submission Deadline: April 23, 2025 (sealed bids due)
• Proof of Funds: All bidders must submit proof of financial capability with their bids
• Auction Date: May 9, 2025 (if multiple qualified bids are received)
• Deposit Requirement: A $150,000 deposit is required for participation
• Court Approval: Sale is subject to final court approval

This is a Receiver’s Sale, and the membership interests or assets will be sold “as-is, where-is” with no representations or warranties.

CONTACT INFORMATION
Receiver: Matthew Brash, Newpoint Advisors Corporation
For NDAs & Additional Information
Scott Caruthers – [email protected] and 720-530-5459

Disclaimer
While the above information is believed to be accurate, prospective purchasers should conduct their own due diligence and independently verify all details. This offering is subject to prior sale, change, or withdrawal without notice.