D.A. Davidson Advises Hyperion Capital Partners on Its Acquisition of A Plus Tree

November 14, 2022

D.A. Davidson & Co. is pleased to announce it has served as financial adviser to Hyperion Capital Partners LLC (Hyperion) on its acquisition of A Plus Tree, Inc. (A Plus). A Plus is a leading provider of tree care services for commercial and residential clients located across the West Coast. Terms of the transaction were not disclosed.

Headquartered in Vallejo, Calif., A Plus provides specialized services to property owners and managers, including tree trimming, pruning, and removal; plant and tree healthcare; and arborist consulting. The company employs a team of highly skilled tree care workers and operates across northern and southern California, Washington, Oregon, and Utah. A Plus was founded by the late Jeremy Tibbets, and under the leadership of the current CEO, Cyrus DeVere, the company has seen exceptional growth in recent years.

The two Partners and Co-Founders of Hyperion said, “David Morse at D.A. Davidson is the leading adviser in the tree care industry. The D.A. Davidson team helped us identify A Plus as a best-in-class commercial tree service company due to its scale, operations, leadership, safety record, and culture. With D.A. Davidson’s assistance and guidance, we structured a transaction that resulted in a great outcome for both the A Plus owners, employees, and clients as well as Hyperion and our investment partners. We look forward to working with the D.A. Davidson team and Cyrus DeVere to continue to grow A Plus through organic initiatives and strategic acquisitions.”

David Morse, Managing Director at D.A. Davidson said, “We are thrilled to have advised Hyperion on the formation of this significant partnership. This represents yet another successful tree service transaction for D.A. Davidson, as we further establish our investment banking leadership in the tree service sector. Cyrus DeVere and the A Plus team have built an impressive business with a culture focused on growth, safety, and teamwork. We are confident that Hyperion is the ideal partner to embrace these principles while accelerating A Plus’s impressive track record of growth, employee development, and tree service industry leadership. We are eager to continue to support Hyperion and A Plus as they execute their strategic growth plan.”

Hyperion Capital Partners is a private investment firm based in Los Angeles that establishes and utilizes partnerships with management to produce substantial long-term value. Hyperion makes control investments in companies that generate between $20 million and $200 million of revenue and that are headquartered in North America.

This transaction highlights the ongoing success of D.A. Davidson's Diversified Industrials Group, serving leading firms in the sector. D.A. Davidson's investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,525 employees and offices in 28 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

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Deal Team Contacts

David Morse, Managing Director | Atlanta | [email protected]
Amar Singh, Director | Atlanta | [email protected]
Winston Smith, Analyst | Denver | [email protected]

Media Contact

Andreea Popa, Head of Equity Capital Markets Marketing | [email protected]