Atlanta-based Warren Equity Partners, a lower middle market private equity fund, formed Gunnison, a platform focused on vegetation management services for utility, residential, commercial and government end markets. It also acquired Pittman’s Tree and Landscaping, West Tree Service and Woodson Incorporated. Warren Equity has completed seven acquisitions since establishing the original platform in 2020.
Headquartered in Atlanta, Georgia, Gunnison provides tree removal, right-of-way maintenance and tree management services to electric utilities, residential homes, commercial buildings and municipalities. Gunnison provides turnkey vegetation management programs with the capability to leverage best practices and combined scale throughout the organization and across the United States.
“We are excited to build a best-in-class vegetation management organization that is local in service, but national in scale,” says Michael Zhang, principal at Warren Equity. “The fragmented vegetation management industry is ripe for consolidation of regional market leaders who, together on the same team, will better serve our customers and play a critical role in maintaining the aging electric grid.”
Pittman, based in Front Royal, Virginia, is a provider of vegetation management services to utilities and government customers in the Mid-Atlantic United States. West Tree Service, based in Little Rock, Arkansas, is a provider of vegetation management services to utilities in the South-Central United States. Woodson, based in Little Rock, Arkansas, is a provider of tree removal and right-of-way clearing services for utilities and municipalities in the Southeast and Mid-Atlantic United States. Calley Pittman of Pittman, Ford Overton of West Tree Service, and Steve Woodson of Woodson will continue to lead their respective companies and will maintain significant equity stakes in Gunnison. Matt Cathell, the founder of Gunnison Tree Services and a significant shareholder in the Company, will serve as CEO of Gunnison.
“Warren Equity’s knowledge of the utility service industry and experience in scaling similar types of companies have been instrumental to the formation of Gunnison,” says Cathell. “We are well-positioned to achieve our strategic growth plan, both organically and through add-on acquisitions, while continuing to provide our customers quality service.”
The Gunnison platform includes Gunnison Tree Services, New Urban Forestry, Oddjob Tree Specialists, Redfern Tree Service, Pittman, West Tree Service, and Woodson.