Calder Capital is pleased to announce the acquisition of Boulder Landscaping, based in Salt Lake City, Utah, by Strata Landscape Services, headquartered in Los Angeles, California. Strata Landscape Services continued its expansion strategy through the majority buyout acquisition of Boulder Landscaping.
Strata Landscape Services provides commercial landscaping solutions across the Western United States. Backed by growth equity and led by CFO Justin Crandall, Strata engaged Calder Capital as its exclusive Buy-Side M&A advisor as they sought to continue building a portfolio of complementary landscape companies in new geographies.
Founded and led by Wray Dix, Boulder Landscaping of the Salt Lake City area, offers the region landscaping design, installation, and maintenance services. Boulder delivers a wide range of residential and commercial services, including irrigation, turf installation, drainage, snow and ice removal, and sustainable landscaping solutions. Since 2011, Wray and his team have built the company into a trusted leader in Utah’s landscaping industry.
“This partnership aligns perfectly with our vision of scaling alongside like-minded local operators who prioritize quality and customer service,” Crandall shared. “We were particularly impressed with Boulder’s commitment to safety, investment in staff and their in-house capabilities, as well as having an outstanding reputation in the Utah market. We’re thrilled to welcome Boulder Landscaping into the Strata family and look forward to continuing to grow together with Wray as our partner.”
“Strata brings the same client-first value system that we operate on, with the added benefit of scalable infrastructure and national support,” noted Dix. “The future is bright, and I’m eager to see what we’ll accomplish and build together in our partnership.”
Hannah Nabhan of Calder Capital served as the Lead Buy-Side Director for the transaction. Hannah was aided by her colleagues, Buy-Side Directors, Sam Scharich and Parker Schaap.
The deal was executed off-market, with Calder facilitating 32 introductions and 25 qualified leads to date, as part of its ongoing Buy-Side advisory engagement with Strata. Nabhan advised Strata Landscape Services from prospecting through closing, with Boulder as Strata’s second acquisition with Calder Capital since their engagement began in April 2024.
“There is good reason why we have chosen to work with Calder Capital for our acquisition campaign,” stated Crandall. “Hannah and the Calder team are top-notch and have been instrumental in both identifying and acquiring the right opportunities. Hannah and the Buy-Side team are capable, respectful, and knowledgeable. I had full faith in their judgment throughout the transaction.”
Dix added, “Calder ensured that every aspect of this transaction was approached with professionalism and thoughtfulness. When they first contacted me, I wasn’t looking to sell Boulder Landscaping, but after a few conversations with Hannah, Parker, Sam, and Justin, I knew that this was the right growth plan for Boulder. I’m excited for what’s ahead with Strata.”
“It was a privilege to advise Strata in this deal and to meet Wray through the process. It’s been tremendous to witness how aligned the cultures and visions of both companies are,” noted Nabhan. “I’m thrilled to see how both companies collaboratively grow and realize their new partnership.”
“Congratulations to Wray, Justin, and Hannah on all of your hard work in navigating this acquisition,” commented Max Friar, Founder and Managing Partner of Calder Capital. “With this being our second successful Buy-Side acquisition for Strata, we can’t help but be excited for acquisition number three and all those to come afterwards. We are honored to be in a partnership with Strata and enjoy being a part of their growth journey, as well as the journey of each off-market seller.”Calder Capital served as the exclusive Buy-Side Mergers and Acquisitions Advisor to Strata Landscape Services.
About Boulder Landscaping:
Boulder Landscaping, based in Salt Lake City, Utah, specializes in residential and commercial landscaping services, including design, architecture, installation, outdoor living enhancements, turf, irrigation, drainage, snow and ice removal, and commercial maintenance. The company is recognized for its attention to safety, quality, and in-house project execution. To learn more, please visit https://boulder-landscaping.com.
About Strata Landscape Services:
Strata Landscape Services, headquartered in Los Angeles, California, is a national commercial landscaping company committed to innovation, technology integration, and scalable service delivery. Backed by private equity, Strata is actively expanding by partnering with local landscaping operators who share its mission for quality and client-centered service. To learn more, please visit https://www.stratals.com.
About Calder Capital:
Founded in 2013, Calder Capital is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations. To learn more, please visit http://caldergr.com.
