Capstone Partners, advised Fast Growing Trees, LLC, a leading online provider of hybrid trees and plants sold directly to the consumer, on its recapitalization by Summit Park LLC, a Charlotte-based private investment firm.
Based in Fort Mill, South Carolina, FGT offers consumers a broad selection of high quality trees and plants through its e-commerce websites fast-growing-trees.com and brighterblooms.com. The Company has established a leading brand name and reputation in the market for its selection and availability of quality hybrid trees, particularly those that achieve fast results and require easy care. FGT sources its products from a geographically diverse network of trusted suppliers and has built a reputation for offering high quality products and superior customer service in the online market for trees and shrubs.
With the significant growth opportunity ahead for the Company, now was the optimal time to bring on a partner. Being a local firm with an outstanding track record, Summit Park is a perfect partner for the Company. We are excited about the FGT’s future and look forward to continuing to provide our customers with the highest quality products and best customer service in the industry.
Ted Polk, Managing Director at Capstone said, “FGT is a high growth, well-positioned business with a very talented management team. There was exceptional market interest in this Company and we are delighted to have represented them.”
The transaction marks Summit Park’s sixth platform investment in its second fund, Summit Park II. Stellus Capital Management provided the debt financing for the transaction.
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