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BLUE BELL, Pa. – BrightView Holdings, Inc. (NYSE: BV), a leading commercial landscaping company, has announced an upsized secondary offering of 11.6 million shares of common stock by an affiliate of KKR & Co. Inc. The offering, initially set at 10 million shares, is expected to close on June 6, 2025, with all proceeds going to the selling stockholder. BrightView itself will not be selling any shares nor will it receive any proceeds from the sale. The company, which generates annual revenue of $2.73 billion, has maintained a FAIR financial health score according to InvestingPro metrics.
The offering is being managed by a syndicate of financial firms, with KKR Capital Markets, Craig-Hallum, BTIG, Morgan Stanley, and Loop Capital Markets serving as the active joint book-running managers. Additional firms, including Baird, William Blair, and CJS Securities, among others, are participating as passive bookrunners and co-managers.
The sale of these securities will proceed only by means of a prospectus supplement and accompanying prospectus, as per the effective registration statement filed with the U.S. Securities and Exchange Commission (SEC). Interested parties can obtain copies of these documents from the managing financial firms.
BrightView, known for its landscape design, creation, and maintenance services, as well as snow and ice removal, operates across the United States, catering to a diverse clientele ranging from homeowners’ associations to Major League Baseball fields. Analysts maintain a positive outlook on the company, with price targets ranging from $13.50 to $24.00 per share. For deeper insights into BrightView’s valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
This transaction is subject to standard closing conditions and regulatory compliance. It should be noted that this press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
The information for this article is based on a press release statement.
In other recent news, BrightView Holdings reported impressive financial results for the second quarter of fiscal year 2025, surpassing both earnings and revenue expectations. The company achieved an earnings per share (EPS) of $0.14, exceeding the forecast of $0.11, and recorded revenues of $662.6 million, which surpassed the anticipated $645.92 million. BrightView also reported a 3% adjusted revenue growth and a record adjusted EBITDA of $73.5 million, marking a 13% year-over-year increase. In light of these strong results, BrightView has raised its full-year adjusted EBITDA guidance to $355 million. The company expects growth in its land and development businesses, with projected increases of 1-3% and 3-6%, respectively. Additionally, BrightView has implemented a strategic fleet refresh and made investments in technology to support these growth initiatives. Analyst feedback from firms such as Craig Hallum Capital Group and CJS Securities has been positive, highlighting the company’s solid performance and strategic direction.
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