Citizens Financial : Advises Turf Care Supply, LLC on its Recapitalization by Platte River Equity

01/13/2022

PROVIDENCE, RI - Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Turf Care Supply, LLC ("TCS") on its recapitalization by Platte River Equity.

TCS has been a leading manufacturer, formulator and blender of fertilizer products to the professional turf and ornamental market for more than 45 years. TCS is well-known for its product innovation and blends many of the top-performing professional and retail fertilizer brands on the market.

William Milowitz, president and chief executive officer of TCS, said: "A sale process is difficult, tense and stressful but with the right partner, and in our case Citizens, we had a team that walked us through the realities, challenges and strategies necessary to get to a closed deal. I have worked with Dave Dunstan for 17 years, and his advice and counsel have been invaluable in and outside of a deal framework. Professional, knowledgeable, and most certainly experts in the M&A process - they absolutely delivered."

David Dunstan, managing director at Citizens M&A Advisory, said: "It has been a pleasure working with the shareholders of TCS over many years and three transactions. The executive team has done a masterful job positioning TCS as the leader in the manufacture and supply of turf management products to the professional and retail markets. The new partnership with Platte River provides TCS with additional capital and expertise to accelerate the pursuit of several compelling organic and inorganic growth opportunities."

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 130 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $187.0 billion in assets as of September 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities.

More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.