PCE Investment Bankers Announces Sale of FIS Outdoor

Winter Park, FL– PCE Investment Bankers (PCE) is pleased to announce the sale of Florida Irrigation Supply (FIS Outdoor) to Heritage Landscape Supply Group (Heritage). PCE served as the exclusive financial advisor to FIS Outdoor, a privately-owned distributor of irrigation, outdoor lighting, and landscape products.

FIS tombstone“We have a longstanding relationship with PCE," said Jon Tannler, president of FIS Outdoor. "For more than 20 years, we have trusted the folks at PCE to assist FIS Outdoor with various engagements. We knew we could count on their experience to lead us through a successful transaction and we are extremely pleased with the results.”

Mr. Tannler continued, "We have accomplished our goal of finding a long-term partner that will cherish our people and present them with unlimited career opportunities, the chance to be shareholders, and a culture that celebrates having fun.”

Headquartered in Sanford, Florida, and established in 1974, FIS Outdoor is a premier irrigation and landscape supply company serving residents and businesses. FIS Outdoor operates a network of 39 branches across the Southeast United States, servicing the needs of professional irrigation and landscape contractors, municipalities, golf course superintendents, and other green industry professionals. 

“The merger of FIS Outdoor and Heritage is unquestionably an ideal match,” commented Michael Poole of PCE. “The union of the two companies preserves the legacy and culture of FIS Outdoor while providing Heritage an outstanding team with exceptional geographic coverage.”

Heritage was formed in 2019 by SRS Distribution to build a national network of independent distributors. Heritage seeks to preserve the legacy of every acquired company by maintaining local brand identity and management. Each acquired group runs as a family of independents rather than a national platform.

Heritage will continue to operate the FIS Outdoor branches under the FIS Outdoor name, and the entire FIS sales and operations team will remain with the company.

Gray Robinson, P.A., provided legal advice to FIS Outdoor. Haynes and Boone, LLP was the legal advisor to Heritage/SRS.

New call-to-action

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
Andre Sutherland

 

Andre Sutherland

Valuation

Orlando Office

407-621-2119 (direct)

asutherland@pcecompanies.com

Connect
407-621-2119 (direct)

407-621-2199 (fax)

Daniel Kvarnberg

 

Daniel Kvarnberg

Valuation

Orlando Office

407-621-2132 (direct)

dkvarnberg@pcecompanies.com

Connect
407-621-2132 (direct)

407-621-2199 (fax)

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

 

Michael Poole

Investment Banking

Orlando Office

407-621-2124 (direct)

mpoole@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

    Services

    Industries

    Subscribe to PCE Communications

    Choose Your Subscription