The Deal.com recently reported that Lehman Brothers has engineered a deal for Leonard Green & Partners LP, Los Angeles, to buy the Brickman Group Ltd., in a $847 million recapitalization. The Deal , an online product of The New York Times, reported that it learned of the proposed transaction through regulatory filings. Founded in 1989, Leonard Green & Partners L.P. describes itself as a pioneer in the development of the leveraged buyout industry. We have repeatedly demonstrated our ability to successfully originate, negotiate, consummate and realize investments in a variety of different industries and economic environments, it says on its Web site. We partner with management to enhance the value of companies through operational improvements, acquisitions, financial engineering and other strategic initiatives. According to the The Deal, the founding Brickman family owns 54% of the company, other managers 10% and CIVC Partners, Chicago, holds 36% of the company. CIVC acquired its stake in the company in a leveraged recapitalization in 1998, the same year that then 35-year-old Scott Brickman became CEO of the company. That infusion of venture capital allowed the Brickman Group, led by Scott Brickman, taking over from his father Richard Brickman, to aggressively grow its network of branch locations across the country by acquisition. In 2002 the company went through its second recapitalization through a $150 million senior subordinated debt offering, according to The Deal. Long-envied by other landscape operations for its efficient services delivery systems, the Brickman Group recorded revenues of approximately $100 million in 1998. Today the companys 135 branches with 6,000 employees in 35 states, generated about $460 million in revenues its latest fiscal year. Two of the companys most notable recent acquisitions included Lakewood Landscaping, Troy, MI, and, this past fall, Mike Rories Groundmasters, the market-leading landscape maintenance operation in the tri-state area surrounding Cincinnati, OH. Sources put the sale price at approximately $30 million. The Deal reported that the Brickman management team will remain in place.