Hastings Equity Partners Invests in Community Tree Service
BOSTON, MA, June 29, 2022 - Hastings Equity Partners (“Hastings”), a preferred capital partner to founders of lower middle market businesses, is pleased to announce its first Fund V platform investment in Community Tree Service, LLC (“Community Tree”).
Founded in 2001 by Adolfo Garcia, and headquartered in Watsonville, CA, Community Tree is a leading provider of vegetation management services for gas and electric utilities, state and local municipalities, and commercial and residential customers. The company offers a broad suite of vegetation management services, including tree trimming, pruning, and shaping; heavy brush mowing and chipping; land lot clearing; and traffic control. Community Tree utilizes a large, state-of-the-art equipment fleet that includes bucket trucks, excavators, tree handlers, and chippers and can complete work in some of the most challenging environments.
“Adolfo has built an impressive business and has positioned Community Tree as a key player in the California vegetation management space” said Grant Reckhow, Principal at Hastings. “We are excited to continue growing the business through both organic and inorganic means.”
“Hastings has demonstrated a keen understanding of our services, our industry, and our employees’ safety-first culture. The Hastings team has already begun working with us on developing strategies to propel the business forward,” said Adolfo Garcia, Community Tree’s President & Founder. He added “we are excited to partner with Hastings to take Community Tree to the next level with both new and existing customers.”
The current senior leadership team will remain and is committed to Community Tree’s continued growth and success. Customers can expect Community Tree to continue its focus on providing best-in-class, timely, and safe vegetation management services.