Tendit Group, a Denver-based commercial property services company that ballooned in size by snapping up local operators, is shutting down and cutting loose more than 100 workers in Colorado and dozens more in Arizona. Company leaders told staff that operations will cease at the end of the month, leaving field crews and office employees suddenly staring down an end-of-April stop date.
According to The Denver Post, a federal WARN notice filed by Tendit shows 107 workers in Colorado and 36 in Arizona will be laid off, with operations slated to wrap up on April 30. The filing and a company statement together list 143 positions in total, the paper reports, and include a comment from company spokesperson Ray Byrd saying the firm had been "unable to turn a profit." The Post notes that its reporting relies on the WARN notice and a statement Tendit provided to the outlet.
Tendit is a portfolio company of Tampa-based private equity firm Osceola Capital, which assembled the platform by rolling in regional players such as Top Gun Pressure Washing and Bob Popp Building Services. Osceola’s own description highlights how the acquired brands were unified under the Tendit name to sell bundled exterior maintenance services across the Mountain West. The firm’s news pages trace the deal-by-deal expansion that helped Tendit grow so quickly.
WARN notice and state filing
The closure surfaced publicly through a WARN notice, the formal document employers use to report large-scale layoffs. Colorado’s Department of Labor and Employment explains that WARN filings help trigger unemployment eligibility and outline employer responsibilities around advance notice and possible penalties. The Tendit notice is now part of the state’s official record of the shutdown and served as a primary source for local coverage of the cuts.
Where the jobs are and the company footprint
Tendit’s own website lists several Colorado divisions, including paving and concrete, striping and traffic control, landscaping and a CAM services unit, with hubs sprinkled across the Denver metro area and the Front Range. The company previously touted its growth when it was named a Fast 50 winner by the Denver Business Journal and, in that profile, reported roughly 400 local employees, a reminder of how sharply the payroll is about to contract. Tendit’s contact and news pages show locations in Denver, Centennial and Golden, along with a landscaping office in Phoenix, illustrating the multi-state footprint that will be hit by the wind-down.
Private equity build-and-sell strategy
Osceola’s playbook with Tendit followed a familiar private equity formula: buy up regional service providers, stitch them into a single platform and chase scale through add-on acquisitions. The firm’s news posts detail earlier deals, including Top Gun Pressure Washing’s purchase of Bob Popp Building Services in 2020, that reveal how the network came together. That kind of consolidation can speed up growth, but can also leave a platform more exposed to thin margins and integration costs when the business environment shifts.
What affected workers can expect
Workers listed in a WARN filing are generally eligible for state unemployment benefits and can often tap state-run job-search assistance, according to guidance from Colorado labor officials. The WARN notice also creates a paper trail used to determine whether an employer followed required timelines for advance notice; if not, federal and state rules can make companies liable for back pay and benefits covering the period of any violation. Employees trying to sort out benefits, legal rights or next steps are encouraged to review the resources provided through Colorado’s labor department.
Tendit told The Denver Post that the wind-down includes the sale of at least one portfolio company, Bob Popp Building Services, while it reviews what to do with the rest of its assets. For local officials and employees alike, the immediate challenge now is scrambling for new jobs or support as the April 30 closure date comes up fast and the state moves the WARN filing through its process.
