Tenex Capital Management has completed an equity recapitalization transaction with Brentwood Associates for Perennial Services Group to support its continued growth in the residential home services sector.

Overview of Perennial Services Group

Perennial Services Group, based in Pittsburgh, PA, is a leading provider of residential lawncare, pest control, landscaping, and arbor services. The company operates through 49 branches across 15 states, making it a significant player in the home services industry. Since its formation in September 2022, Perennial has undergone a rapid transformation by merging ten family-owned regional home services companies to establish a robust market presence in the Northeast, Mountain West, and Midwest regions.

Under the leadership of CEO Jon Allen, Perennial has significantly expanded its customer base and enhanced its operational capabilities. The company has added key executives in COO, CRO, CFO, and M&A roles, implemented standardized software and reporting systems, and completed 25 add-on acquisitions while maintaining its local brands. These strategic initiatives have reinforced Perennial’s position in the market and prepared the company for continued growth.

Industry Overview in the United States

The residential services industry in the United States has seen stable growth, driven by increasing consumer demand for home maintenance and improvement services. With a g