Scottsdale, Arizona-based private equity firm Montage Partners has invested in URW LLC, dba United Right-of-Way, a Phoenix-based provider of comprehensive vegetation and landscape management services to government agencies, solar energy operators, railroads and industrial companies. The transaction closed April 10, 2020.
“We were impressed with United Right-of-Way prior to COVID-19 and its ramifications, and we remain excited for the next phase of the company’s growth,” says Rob Wolfman, co-managing partner at Montage Partners. “Management has assembled a talented team that is dedicated to providing the highest level of customer service while maintaining a strong commitment to safety. We’re proud to be partners and look forward to continuing the company’s success.”
Founded in 1994, URW has evolved from a local landscaping business to a company providing complex vegetation and landscape management solutions to customers nationwide, including to critical industries such as solar energy where unwanted foliage can disrupt operations and create safety hazards. URW sought a capital partner to provide liquidity for its retiring founders, while supporting current management for future growth.
Chris Testa, president and shareholder of URW, believes the transaction achieved all goals. “We were upfront about what we needed from this investment and Montage Partners was not only a perfect fit, but a transparent partner to us during the entire transaction process. Because of that, we were able to work together to complete the transaction and position the company for tremendous growth,” says Testa. “We look forward to many years of working with Montage Partners and expanding our business together.”