Infinity Capital Partners Advises Riggs Tree Service
Oklahoma City, OK (May 17, 2023) – Riggs Tree Service, Inc. (“Riggs Tree” or the “Company”) received a growth capital investment from Plexus Capital, LLC (“Plexus”) in partnership with the Company’s CEO, Jeremy Riggs, and other members of the management team. Founded in 2001 and headquartered in Grove, OK, Riggs Tree provides utility right-of-way tree trimming and tree removal services primarily to electric cooperatives located across the Midwestern U.S. Infinity Capital Partners (“Infinity”) served as exclusive investment banking advisor to Riggs Tree.
“We are excited for the opportunity to further drive growth for the Riggs Tree footprint beyond our humble beginnings here in Oklahoma and Arkansas,” said Jeremy Riggs, founder and CEO of Riggs Tree. “We’ve found an excellent partner in Plexus Capital who is well-suited to help us achieve the growth in front of us. I’m thrilled for my team and the company’s future.”
Plexus Partner Alex Bean commented, "We are excited to partner with Jeremy and the entire Riggs Tree team. We believe the Company’s commitment to its customers and employees creates a natural culture fit with our organization. Plexus is thrilled to be a part of the next chapter of growth at Riggs Tree.”
“Jeremy and his team deserve a ton of credit for the work they’ve done to build the business to the regional presence it is today,” said Bryan Vahlberg, Managing Partner at Infinity. “The company has numerous growth opportunities on the horizon, and we believe the partnership with Plexus will enable Riggs Tree to achieve their long-term objectives.”
McAfee & Taft served as legal counsel to Riggs Tree.
About Plexus Capital
Plexus is a North Carolina-based investment firm which partners with small businesses to help facilitate growth and create jobs. Since 2005, Plexus has invested in over 165 companies across seven committed funds. The Plexus team consists of 43 professionals with offices in Raleigh and Charlotte. For more information, visit www.plexuscap.com.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies and financial sponsors across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams of private companies to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. For more information, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA.
Meredith Jackson
Infinity Capital Partners
(405) 400-8977
mjackson@infinitycappartners.com