Investment funds managed by Morgan Stanley Capital Partners, the middle-market focused private equity team of Morgan Stanley Investment Management, have made an investment in Fairway Lawns.

MSCP joins the current management team led by CEO Kyle DeMilt, who will continue to lead the company.

Based in Little Rock, Arkansas, Fairway is a residential lawn care company. The company, which operates 16 branches in the Southeast region, primarily provides recurring lawn care services such as weeding and fertilizing, in addition to ancillary services such as pest control and tree maintenance. /shrubs.

“For nearly 40 years, Fairway has consistently provided the finest residential lawn care services to our customers, and we are thrilled to partner with MSCP in the next phase of our history,” said Kyle DeMilt, CEO of Fairway. . “We seek to leverage MSCP’s approach to operational excellence, as well as its experience in completing add-on acquisitions to accelerate the expansion of Fairway’s capabilities and geographic footprint in the years to come. come.”

“We are thrilled to partner with Kyle and the Fairway team as they continue to work to build the company into the leading residential lawn care platform in the Southeast,” said Adam Shaw, Managing Director and Head of Business Services at MSCP. “For MSCP, Fairway represents an opportunity to execute our core investment strategy in targeted sub-sectors where we have deep institutional knowledge and experience to drive value creation. We look forward to working together to advance the leading position of the company in the market through organic growth and acquisitions.

Debevoise & Plimpton acted as legal advisor to MSCP and Solomon Partners acted as financial advisor to MSCP. Carlyle Global Credit acted as sole administrative agent, bookrunner and arranger for the financing. Harris Williams served as financial advisor to Fairway.