Sterling Announces Randolph Hoover as New CEO
Lawrenceville, GA and Norfolk, VA May 3, 2023 /PRNewswire/ -- Sterling Investment Partners is pleased to announce the appointment of Randolph Hoover as the new Chief Executive Officer (CEO) of the combined company of Xylem Tree Experts and Kendall Vegetation Services, effective July 1, 2023. Randolph will take the helm of the combined holding company after serving as co-CEO. The combined company will operate out of Norfolk, Virginia, and Lawrenceville, Georgia, providing comprehensive vegetation management services to investor-owned utilities, cooperative utilities, and municipalities across the United States.
Robert Williams, current co-CEO of the combined company and President and CEO of Kendall Vegetation Services will retire effective June 30, 2023. Robert joined Kendall Vegetation Services in 1988 and served as President and Chief Executive Officer, overseeing Kendall's strategic direction, results, and culture. Throughout his 30+ years with Kendall, Robert has helped the business expand across the Southeast and Midwest U.S. Robert will continue to serve on the Board of Directors as a strategic advisor to the company.
About Kendall Vegetation Services
Kendall Vegetation Services specializes in vegetation management, including right-of-way maintenance, herbicide treatment, and storm restoration.
Kendall has over 1000 employees engaged in providing professional vegetation management services every day. We have a well-maintained fleet of over 1000 pieces of equipment to help our crews complete their jobs efficiently, safely, and on time. To learn more about Kendall Vegetation Services visit www.kendallco.net
About Xylem Tree Experts
Xylem, headquartered in Wakefield, VA and Kendall, headquartered in Lawrenceville, GA are both leading providers of vegetation management and emergency storm response services throughout the United States. The Company’s customers include major investor-owned utilities, electric cooperatives, and municipalities. www.xylemtree.com
About Sterling Investment Partners
Sterling Investment Partners is a private equity firm that has been investing in and building middle market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 210 transactions, representing approximately $25 billion in aggregate value. www.sterlinglp.com
