Gardens Alive! to go to auction if a buyer is not found

Gardens Alive! to go to auction if a buyer is not found

Locations in Michigan, Tennessee and North Carolina will close by Aug. 3 if a buyer is not found for the operations.

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LM Farms, LLC d/b/a Gardens Alive! Farms is seeking a buyer for its wholesale nurseries located in Cornelius, Oregon; Sims, North Carolina; Smithville, Tennessee and Grand Haven Michigan and will be conducting a public auction sale of both its equipment and live plant inventory if a buyer is not found. With each site fully staffed and operational until August 3, this is an opportunity for a buyer in the space to acquire the operations in their entirety, or an individual site, to add to their portfolio. 

Formerly known as Zelenka Farms, Gardens Alive! is one of the nation’s largest wholesale growers and distributors of container grown shrubs, trees, perennials, roses and ground covers. Zelenka Farms was founded in 1993 under the name Berry Family of Nurseries. LM Farms, LLC acquired Zelenka Farms out of Chapter 11 bankruptcy in 2016. 

Gardens Alive! produces approximately 5,000 stock items (distinct container grown plants), which are grown in multiple climates, to serve big box retailers coast to coast, including Lowe’s, Kmart, ShopKo, Rural King, Home Depot and Meijer. The company distributes its products directly to retail stores and handles complex inventory and distribution logistics on its own for its customers. 

Maynards Industries in conjunction with Industrial Assets Corp. and Miedema Auctioneering have been engaged to help facilitate a sale of the business and its assets. If a going concern buyer does not step forward, a succession of auction sales will take place to liquidate the assets of the business. 

Cornelius, Oregon 

Complete turnkey sale of 300-acre farm specializing in holiday greenery, evergreen shrubs, trees and specialty crops (West Coast Product Mix)

Sealed Bids Due: Tuesday, Jul. 24, 2018 – 5 p.m. PDT 
Preview: By appointment only
Address: 39550 NW Chalmers Ln., Cornelius, OR 97113

Sims, North Carolina

453-acre farm specializing in small fruits, ground covers, perennials and roses

Public Auction of Plant Inventory and Equipment: Thursday, Jul. 26, 2018 – 10 a.m. EDT
Preview: Wednesday, Jul. 25th, from 9 a.m. to 4 p.m.
Address: 7437 Rock Ridge/ Sims Rd, Sims, NC 27880

Smithville, Tennessee

418-acre farm specializing in container grown fruit, shade and ornamental trees and flowering shrubs.

(Sale one for Tennessee)
Public Auction of Plant Inventory: Wednesday, Aug. 1, 2018 – 10 a.m. CDT
Preview: Tuesday, Jul. 31 from 9 a.m. to 4 p.m.

(Sale two for Tennessee) 
Public Auction of Equipment: Wednesday, Aug. 29, 2018 – 10 a.m. CDT
Preview: Tuesday, Aug. 28, from 9 a.m. to 4 p.m.

Grand Haven, Michigan 

1,250-acre farm growing a diverse product assortment of container and in-ground evergreen and deciduous material. Plant mix of over 8 million units including: thousands of boxwood, emerald green arborvitae, taxus, burning bush, hydrangeas, roses, weigela, spiraea, blueberries and container grown trees. 

(Sale one for Michigan)
Public Auction of Plant Inventory: Wednesday, August 8th, 2018 – 10:00am (EDT)
Preview: Tuesday, August 7th, From 9am to 4pm

(Sale two for Michigan)
Public Auction of Equipment: Thursday, August 30th, 2018 – 10:00am (EDT)
Preview: Wednesday, August 29th, From 9am to 4pm
 
If you are interested in purchasing Gardens Alive! Farms as an ongoing business please contact Nyk Westbrook with Industrial Assets Corp. at (818) 508-7034 ext. 205 or nwestbrook@industrialassets.com

More information available at: www.maynards.com 


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