The firm's capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owners, or to support an industry consolidation plan. I need a FAST growing shade tree, what would you recommend Seems like everyone wishes the people who owned the home before them had planted trees or the. The firm invests across a range of industries, including business and consumer services, light manufacturing, and value-added distribution in the Eastern half of the United States. Summit Park is a Charlotte, NC-based private investment firm focused exclusively on the lower middle market. For more information, visit About Summit Park The company's differentiated consumer experience is disrupting traditional channels in its large and steadily growing category. FGT sources its products from a geographically diverse network of trusted suppliers and has built a reputation in the marketplace for offering high quality products and superior customer service. The company provides customers with a best-in-class e-commerce experience and access to over 1,100 products that are available for delivery, typically within two days of placing an order. The Planting Tree's products are highly complementary to FGT, and we are optimistic that we can leverage our marketing and customer service capabilities as well as our supply chain to materially accelerate the brand's growth."įast Growing Trees offers consumers a broad variety of high-quality trees and shrubs through its websites and.
Mike York, a Principal at Summit Park, added, "We are very pleased to add The Planting Tree to our portfolio of DTC brands in the live goods industry. Throughout our 17-year history, the Fast Growing Trees brand name has been known for unmatched quality, assortment, and customer service, and we are looking forward to providing this same level of service to The Planting Tree customers." The Planting Tree will allow FGT to grow its product portfolio and reach new customer demographics. Summit Park invested in FGT in February 2018.Īdam Smith, CEO of Fast Growing Trees, said, "We are excited to add The Planting Tree's strong brand and loyal customer base to the FGT platform. Headquartered in Fort Mill, SC, FGT is the market-leading e-commerce DTC provider of live goods – predominantly trees and shrubs – going to market under its Fast Growing Trees and Brighter Blooms brands. Since its founding in 2014, The Planting Tree has developed a strong brand and a loyal customer base due to its broad assortment of high-quality products and rapid fulfillment capabilities. FORT MILL, S.C., J/PRNewswire/ - Fast Growing Trees ("FGT"), a portfolio company of Summit Park, is pleased to announce the acquisition of The Planting Tree, an e-commerce direct-to-consumer ("DTC") provider of trees, shrubs, grasses, and perennials to customers located across the continental United States.
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