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    BrightView Holdings (BV)

    BrightView Holdings, Inc. is the largest provider of commercial landscaping services in the United States. The company operates through a differentiated and integrated national service model, offering a wide range of landscaping and related services. BrightView sells comprehensive landscaping solutions, including maintenance and development services, to a diverse customer base across various sectors.

    1. Maintenance Services - Provides recurring commercial landscaping services, including mowing, gardening, mulching, snow removal, water management, irrigation maintenance, tree care, and golf course maintenance. Primarily self-performed through a national branch network, serving clients like corporate campuses, commercial properties, and public parks.

    2. Development Services - Focuses on landscape architecture and development for new facilities and significant redesign projects. Offers project design and management, landscape and irrigation installation, and sports field services, typically hired by general contractors for high-profile projects.

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    NamePositionExternal RolesShort Bio

    Dale A. Asplund

    ExecutiveBoard

    Chief Executive Officer

    Dale A. Asplund has served as the Chief Executive Officer, President, and Director of BrightView Holdings, Inc. since October 1, 2023. He brings over 25 years of executive experience and also functions as the Principal Executive Officer.

    View Report →

    Amanda Orders

    Executive

    Executive Vice President and Chief Human Resources Officer

    Amanda Orders has been the Executive Vice President and Chief Human Resources Officer at BrightView since November 22, 2019. Previously, she served as Senior Vice President, Human Resources for Maintenance Services (December 2016 to November 2019) and as Vice President, Human Resources (April 2012 to December 2016) at BrightView.

    Brett Urban

    Executive

    Executive Vice President and Chief Financial Officer

    Brett Urban is the Executive Vice President and Chief Financial Officer of BrightView Holdings, Inc. since October 2022, overseeing the finance, accounting, investor relations, tax, treasury, procurement, fleet, and mergers and acquisitions functions. Previously, he served as Vice President and Senior Vice President of Finance at BrightView, and held senior finance positions at Aramark.

    Jonathan M. Gottsegen

    Executive

    Executive Vice President, Chief Legal Officer, and Corporate Secretary

    Jonathan M. Gottsegen has served as the Executive Vice President, Chief Legal Officer, and Corporate Secretary at BrightView Holdings, Inc. since January 2016. Previously, he held senior legal roles at United Rentals, Inc. from February 2009 to January 2016.

    Michael J. Dozier

    Executive

    Executive Vice President and Chief Commercial Officer

    Michael J. Dozier has served as the Executive Vice President and Chief Commercial Officer at BV since February 2024. Previously, he led maintenance operations as the President of Evergreen from 2018 to February 2024.

    Frank Lopez

    Board

    Member of the Board of Directors at BrightView Holdings

    Executive Vice President and Chief Human Resources Officer at Ryder System, Inc.; Member of the Board of Directors at the Florida International University Foundation

    Frank Lopez has served as a Board Director at BrightView Holdings since September 2021. He brings extensive expertise in human resources and legal management from his active roles as Executive Vice President and Chief Human Resources Officer at Ryder System, Inc. and as a board member at the Florida International University Foundation.

    James R. Abrahamson

    Board

    Board Member

    Independent Board Chair at VICI Properties, Inc.

    James R. Abrahamson has been a board member at BV since August 2015 and served as interim President and CEO from June 1, 2023 until September 30, 2023.

    Jane Okun Bomba

    Board

    Board Member, Chair of the Audit Committee

    President of Saddle Ridge Consulting, LLC; Board Member at Clarivate Plc; Board Member at Kickstart International; Member of Ross School of Business Dean’s Advisory Board; Member of School of Literature, Science, and Arts Dean’s Advisory Committee; Member of International Women’s Forum

    Jane Okun Bomba has served on BrightView’s Board of Directors since April 2019 and currently chairs the Audit Committee, bringing extensive expertise in corporate governance and investor relations from her previous executive roles and consulting experience.

    Josh Goldman

    Board

    Independent Member of the Board of Directors

    Partner at One Rock Capital Partners, LLC

    Josh Goldman has served as an independent member of the Board of Directors at BrightView since August 2023 and is a member of its Compensation Committee. He is also a Partner at One Rock Capital Partners, LLC.

    Kurt Barker

    Board

    Independent Member of the Board of Directors

    Operating Partner at One Rock Capital Partners, LLC; Director at Primo Brands Corporation

    Kurt Barker has been an Independent Member of the Board of Directors at BV since August 2023 and serves on the Nominating and Corporate Governance Committee. Previously, he was an Operating Partner at One Rock Capital Partners, LLC and held several leadership roles at United Rentals, Inc..

    Mara Swan

    Board

    Board Member and Chair of the Compensation Committee

    President, Acceleration, LLC; Board Member & Chair of Compensation, GOJO Industries; Board Member, ULINE

    Mara Swan has served on the BrightView Holdings Board of Directors and as Chair of the Compensation Committee since April 2019. She has extensive expertise in human resources, corporate strategy and governance, having held key roles at ManpowerGroup and Molson Coors.

    Paul E. Raether

    Board

    Chairman of the Board of Directors

    Senior Advisory Partner at KKR

    Paul E. Raether serves as Chairman of the Board of Directors at BrightView Holdings since May 2015. He has an extensive background as a Senior Advisory Partner at KKR and has held various leadership roles in corporate finance and investment advisory.

    William Cornog

    Board

    Member of the Board of Directors

    Director at Azenta, Inc.; Director at LiveWire Group, Inc.; Board member at Griffin Highline; Board member at Blue Crow Sports Group; Board member at The Knight Campus at the University of Oregon

    William Cornog has served on the BrightView Holdings, Inc. Board of Directors since May 2022, bringing extensive experience from longstanding roles at KKR Capstone, Williams Communications Group, and The Boston Consulting Group.

    1. How sustainable is your strategy if unexpected snow events continue to impact your core land business, especially given the reported 2% revenue loss of approximately $6 million in the quarter?
    2. With the recent execution of your $100 million share repurchase program at an average price of $13.11, how do you plan to balance deploying capital between buybacks and opportunistic M&A in a volatile market?
    3. You raised your guidance on adjusted EBITDA by $10 million citing margin improvements in both maintenance and development; what specific measures are you implementing to sustain these gains amid rising labor and input costs?
    4. As you work to transition more of your snow revenue contracts from variable to fixed pricing, what is your timeline for this shift and what risks do you foresee affecting revenue predictability in these key markets?
    5. Given that approximately 60% of your revenue is recurring and you have noted some customer price sensitivities, how do you plan to manage the interplay between escalating labor costs, commodity volatility, and maintaining pricing power?
    Program DetailsProgram 1
    Approval DateMarch 13, 2025
    End Date/DurationNo time limit
    Total Additional Amount$100 million
    Remaining Authorization$98,211,813
    DetailsShares are considered undervalued; strategic use of capital to drive shareholder value

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Yellowstone Landscape

    In the Maintenance Services segment, most competitors are smaller local and regional firms; however, there is also competition from other large national firms such as this one.

    Bartlett Tree Experts

    In the Maintenance Services segment, most competitors are smaller local and regional firms; however, there is also competition from other large national firms such as this one.

    In the Maintenance Services segment, most competitors are smaller local and regional firms; however, there is also competition from other large national firms such as this one.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Three Businesses

    2023

    BrightView acquired 100% of three unrelated companies for an aggregate consideration of $13.8 million, allocating the purchases entirely to its Maintenance Services segment with key assets including customer relationship intangible assets valued at $4.0 million and integration costs of $1.0 million attributable to these deals; the valuation used Level 3 assumptions and anticipated tax-deductible goodwill.

    Eight Businesses

    2022

    The company acquired eight businesses for a total of $93.1 million, with the deals contributing $65.5 million in revenue and including customer relationship intangible assets valued at $25.4 million, as part of a strong market expansion strategy supported by $8.2 million in integration costs.

    Recent press releases and 8-K filings for BV.

    Brightview Holdings Inc. Announces Q3 2025 Results and Reaffirms Full-Year Guidance
    ·$BV
    Earnings
    Guidance Update
    Share Buyback
    • Brightview Holdings Inc. reported Q3 2025 total revenue of $708.3 million, a ~4% decrease compared to Q3 2024, while Adjusted EBITDA increased by ~5% to $113.2 million, with margin expanding by +140bps to 16.0%.
    • The company reaffirmed its full-year 2025 guidance, projecting total revenue between $2.68 billion and $2.73 billion, Adjusted EBITDA between $348 million and $362 million, and Adjusted Free Cash Flow between $60 million and $75 million.
    • Operational efficiencies, driven by the "One BrightView" strategy, contributed to margin expansion across all segments, and TTM Land Maintenance Customer Retention improved to ~82%.
    • During Q3 2025 (April 1, 2025 - June 30, 2025), the company repurchased 487,480 shares at an average price of $14.12 per share, with approximately $91.3 million remaining under the share repurchase program.
    Aug 7, 2025, 12:30 PM
    BrightView Holdings, Inc. Updates Fiscal 2025 Financial Guidance
    ·$BV
    Guidance Update
    Demand Weakening
    Profit Warning
    • BrightView Holdings, Inc. updated its fiscal year 2025 financial guidance on July 1, 2025, revising its total revenue outlook downwards to $2.68 billion to $2.73 billion.
    • Despite the revenue adjustment, the company raised its Adjusted Free Cash Flow guidance to $60 million to $75 million and anticipates record Adjusted EBITDA and Adjusted EBITDA Margin performance for fiscal 2025.
    • The revision in revenue guidance is attributed to the uncertain macro-economic environment, including timing delays in development projects and reduced discretionary spending.
    Jul 1, 2025, 12:00 AM
    BrightView Holdings: Secondary Offering of Common Stock
    ·$BV
    • On June 4, 2025, BrightView Holdings, Inc. entered into an Underwriting Agreement for an underwritten offering of 11,600,000 shares of its common stock.
    • The shares were sold by KKR BrightView Aggregator L.P. (the "Selling Stockholder") to the underwriters at a price of $14.40 per share.
    • BrightView Holdings, Inc. did not receive any proceeds from this offering.
    • The offering was completed on June 6, 2025.
    Jun 6, 2025, 12:00 AM
    BrightView Reports Q2 2025 Earnings, Raises Full Year Guidance, and Announces Share Repurchase Program
    ·$BV
    Earnings
    Guidance Update
    Share Buyback
    • BrightView Holdings, Inc. reported record Adjusted EBITDA of $73.5 million for the second quarter of fiscal 2025, a 13.4% increase year-over-year, despite a 1.5% decrease in net service revenues to $662.6 million.
    • The company raised its fiscal year 2025 guidance for Adjusted EBITDA to $345 - $365 million and Adjusted Free Cash Flow to $50 - $70 million. Total Revenue guidance remained unchanged at $2.750 - $2.840 billion.
    • BrightView announced a $100 million share repurchase program.
    • As of March 31, 2025, the company's Total Net Financial Debt was $718.6 million, with a Total Net Financial Debt to Adjusted EBITDA ratio of 2.1x.
    May 7, 2025, 12:00 AM