Home » Response Team 1 Acquires Three Property Restoration Firms
Response Team 1 has expanded and strengthened its nationwide presence through the acquisition of one national and two regional property restoration firms, and securing significant investment support from Nautic Partners, LLC based in Providence, R.I. Response Team 1 is the nation’s second largest property restoration company serving 30 states from 49 locations.
The companies purchased by Response Team 1 are Venturi Restoration, Philadelphia; Emergency Reconstruction, Raleigh, N.C.; and JFS Construction Group, Van Nuys, Calif. Each provides a wide range of property restoration services, often in response to weather events and other disasters.
Venturi Restoration is a national restoration and remediation firm serving the multifamily industry from 17 offices in 15 states located throughout the United States. Emergency Reconstruction is a property restoration company serving Raleigh, N.C. and Fayetteville, N.C. JFS Construction provides residential and commercial restoration services in the southern California region.
“Our strategy is to expand our national presence and solidify our position as a leading property restoration and multifamily renovation company in the country,” said John M. Goense, Chairman and CEO of Response Team 1. “The addition of these premier restoration and renovation firms to our best-in-class group of operating companies meets that goal and raises the bar in terms of operating excellence in additional markets.
“Each company will retain its leadership and commitment to service that has positioned them as leaders in their respective markets, while operating under the Response Team 1 brand,” added Goense. “This collaborative relationship will enhance their abilities to deliver high-quality services to their clients.”
The Nautic investment complements those from Response Team 1 founders Goense and Erik Bloom, Vice Chairman. Nautic Partners is a private equity firm focused on investments in middle market companies across a range of industries that includes healthcare, industrial products, and outsourced services.
“The investment by Nautic supports our continued and rapid growth as we continue to acquire premier restoration and remediation firms across the country,” said Goense.
With its resources and capabilities, Response Team 1 has the capacity and expertise to quickly restore any single family residence or large commercial building, or renovate any multifamily property coast-to-coast.
Response Team 1 was named to the Inc. Magazine 500 list as one of the fastest growing companies in America in 2015. The firm captured the 352nd slot in the ranking, making the Top 500 for the second consecutive year.
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Check out the March 2021 edition of Restoration & Remediation: Diversifying media blasting services, industry trends, KPI metrics, a discussion on the equipment needed to start a water damage restoration company, technician training and much more!