Serpico Landscaping by Integrity Landscape Corporation
SAN FRANCISCO, October 8, 2025 — Seacoast Capital (“Seacoast”), a lower-middle market non-control growth capital investor, announced today the acquisition of Serpico Landscaping (“Serpico”) by Seacoast portfolio company Integrity Landscape Corporation (“Integrity”).
Integrity, headquartered in Morgan Hill, California, is a leading provider of diversified commercial landscaping services in the Bay Area and a portfolio company of Galaxi Group (“Galaxi”). Serpico, headquartered in Hayward, California is a provider of exterior landscaping services primarily to residential homeowner associations.
Seacoast provided redeemable preferred stock in support of the transaction. White Oak Global Advisors provided unitranche notes.
“Seacoast was very supportive throughout this process and exhibited strong conviction in this acquisition. They understood that Integrity had the people and infrastructure necessary to support an acquisitive growth strategy and were very helpful as we worked through this process. They’re great partners to Galaxi and the Integrity management team.”
—Rich Bronstein, Managing Principal at Galaxi
Jeff Holland, Founding Partner of Seacoast, added, “Rich and Integrity’s CEO Raitis Raisian have built a terrific platform. Combining Integrity with Serpico allows them to further cement Integrity’s position in the Bay Area landscaping industry,” further commenting, “We were very happy to support Integrity and look forward to helping Rich, Raitis and the rest of the team at Integrity realize this company’s tremendous potential.”
Added Patrick Gengoux, Partner at Seacoast Capital, “Every participant in this transaction understood the value created by combining these two businesses and was singularly focused on overcoming any hurdle to this strategic alliance. Seacoast’s investment model is to partner with great teams who are running great companies. Integrity is a perfect example of how we can help owners and managers build on the success of their business and unlock significant growth opportunities.”
Terms of the transaction were not disclosed.
About Integrity Landscaping
Integrity Landscaping, through the Medallion Landscaping, CityLeaf and now Serpico Landscaping brands, offers a complete suite of indoor and outdoor landscaping services including design, maintenance, arbor care, living walls, moss walls and holiday décor. Customers include corporate campuses, healthcare facilities, homeowners associations and apartment complexes. The acquisition of Serpico will extend the geographic and strategic reach of the two companies. Moreinformation can be found athttps://integritylandscapecorp.com/.
About Galaxi Group
An independent sponsor founded in 2014, Galaxi Group is a technology-driven investor in lower middle market growing companies. Based in the San Francisco Bay area, the firm’s flexible investment thesis allows it to invest in buyouts, majority recapitalizations and growth capital opportunities in companies with $10 million to $50 million in revenue and $3 million to $5 million of EBITDA. Industries of interest include niche business services, wellness, IT services, consumer products/ licensing and digital infrastructure. Most investments are headquartered in major U.S. metro areas. More information can be found at galaxi.group.
About Seacoast Capital
Founded in 1994, with offices in Boston, MA and San Francisco, CA, Seacoast Capital invests non-controlling capital in partnership with management in lower middle market private companies. Seacoast is industry agnostic and typically invests $5 million to $30 million of capital in companies with $10 million or more in revenue and $2 million or more of EBITDA. Capital is used to support growth, refinancings, acquisitions, family ownership and wealth transfers, shareholder liquidity events, and partnership or management buyouts. Geographically, Seacoast invests anywhere in the United States. Since its inception, Seacoast has managed over $1B of capital, which the firm has invested in 90+ transactions. Now managing its fifth fund, Seacoast continues to actively seek new investment opportunities. Learn more by visiting www.seacoastcapital.com.
