Citizens Capital Markets & Advisory served as the exclusive financial advisor to APHIX, a provider of commercial landscaping services, on its sale to Gauge Capital. APHIX was previously a portfolio company of Caltius Equity Partners, a Los Angeles-based private equity firm.

Based in Frankfort, Ky., APHIX provides comprehensive commercial landscaping solutions with locations in Kentucky, Tennessee and Alabama. During its partnership with Caltius, APHIX demonstrated exceptional organic growth and executed an accretive acquisition strategy by partnering with leading maintenance-focused landscaping firms.

Michael Morgan, Managing Director at Caltius, said, “We are grateful for the Citizens team’s dedication and counsel throughout the transaction. Their knowledge of the industry and robust process management drove a successful outcome for Caltius and APHIX.”

“The Citizens team provided invaluable support and significant leverage to the APHIX Management team throughout the transaction process,” added APHIX CEO Allen Sweeney. “Their ability to communicate the company value proposition and their deep buyer relationships were critical in identifying the best partner for APHIX.”

Robert Womble, Managing Director at Citizens, added: “Our team worked diligently to facilitate a successful outcome for Caltius and APHIX. The APHIX team has established an impressive platform that is well-positioned for future growth, and we look forward to following their continued success.”