TenCate Grass, whose North American division is based in Dayton, Tennessee, has acquired a controlling interest in another company that designs, constructs, and installs sports surfaces.
Geo-Surfaces, a Baton Rouge, Louisiana, company, has installed more than 300 fields and nearly 30 million square feet of artificial turf across the Southeast in the past 15 years, according to FourBridges Capital, an investment banking firm that acted as exclusive advisor to Geo-Surfaces.
“For the past 15 years, we have won projects across the Southeast and into Texas and Oklahoma due to our innovative and unique approach to artificial turf field installation,” said Charlie Dawson, who founded Geo-Surfaces.
Chris Rowe, a managing director with FourBridges, said the turf industry is continuing to consolidate with several companies, including TenCate Grass, moving toward vertical integration.
More than 30 percent of all synthetic sports fields in the U.S. feature TenCate yarn, according to the company that employs about 225 people in Dayton. Last year, TenCate revenues from its Dayton site hit about $80 million.