Sherrill, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Sherrill, Inc. - overview

Established

1960

Location

Greensboro, NC, US

Primary Industry

Consumer Products

About

Sherrill, Inc. specializes in providing a wide array of arborist supplies and tree climbing gear, focusing on high-quality equipment essential for tree care and maintenance. Sherrill, Inc. was founded in 1960 in Greensboro, US, and operates as a supplier of arborist equipment.


The company has successfully adapted to the evolving needs of the tree care industry. Jeff Morris serves as the CEO of the company. In January 2019, Platte River Equity acquired a controlling stake in Sherrill, Inc. , with financial terms undisclosed.


The company has completed one deal as of the most recent deal date. Sherrilltree specializes in providing a comprehensive range of arborist supplies and tree climbing gear, focusing on essential equipment for tree care and maintenance. Their product offerings include tree climbing gear, felling tools, protective equipment, arborist ropes, and various chainsaws, designed to meet the demanding needs of professional tree climbers. The company supports end users, such as arborists and tree care professionals, by offering high-quality tools that enhance safety and efficiency during tree work.


Sherrilltree's products are primarily distributed across the United States, catering to a diverse client base that includes individual arborists and businesses engaged in tree maintenance services. Established in 1960, the company is recognized as a trusted source in the arborist community and continuously expands its product line to include innovative solutions for storm cleanup and tree care. Sherrilltree generates revenue through direct sales of arborist equipment and supplies to both consumers and businesses in the tree care industry. The transaction structure primarily revolves around direct-to-consumer sales, allowing individual arborists and tree care companies to purchase products through the company's online platform.


The company employs competitive pricing for flagship products, such as climbing gear and chainsaws, ensuring accessibility for professionals in the field. By offering free shipping on orders over a specified amount, Sherrilltree encourages larger purchases, thereby enhancing overall sales volume. The company's revenue model is supported by a loyal customer base that relies on their high-quality products for effective tree maintenance and safety in challenging environments. Sherrill, Inc.


is focused on expanding its product offerings and entering new markets. The company has plans to launch several new products designed to meet specific challenges in tree care, although specific release dates have yet to be announced. Geographically, Sherrilltree aims to enhance its presence in additional regions within the US. The acquisition by Platte River Equity in January 2019 is expected to provide the necessary capital for these growth initiatives, facilitating product development and market expansion.


Current Investors

Platte River Equity

Primary Industry

Consumer Products

Sub Industries

Consumer Products

Website

www.sherrilltree.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Sherrill, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedSherrill, Inc.-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.