ValleyCrest Companies completes acquisition of Omni Landscape Group

November 29, 2004—ValleyCrest Companies, a landscape organization with more than $700 million in revenue, has closed the previously announced acquisition of Omni Landscape Group. Omnis parent company, Omni Facility Services, filed for Chapter 11 protection from the U.S. Bankruptcy Court in June 2004.

Under terms of the agreement, ValleyCrest has purchased substantially all of the assets of Omni Landscape Group. The company has become part of ValleyCrests landscape maintenance division and will operate under the name ValleyCrest Landscape Maintenance.

The acquisition expands ValleyCrests operations in Georgia, Pennsylvania, Maryland, Virginia, New York, and New Jersey, giving customers in these markets access to the extensive capabilities of one of the nations leading landscape organizations. ValleyCrest expects the transaction to add approximately $50 million in revenue and 700 people to its team.

ValleyCrest Companies is the nations leading provider of landscape development and maintenance services, and a major supplier of trees. ValleyCrest Companies offers an integrated approach to landscape contracting, managing landscape projects from inception through extended maintenance.

ValleyCrest Companies has five businesses: ValleyCrest Landscape Development, ValleyCrest Landscape Maintenance, ValleyCrest Golf Course Maintenance, Valley Crest Tree Company, and U.S. Lawns, the fastest growing network of landscape maintenance franchises nationwide.

For more information, contact ValleyCrest Companies.