ATI Restoration, a national leader in restoration, environmental remediation and reconstruction services, announced today the acquisition of Mark 1 Restoration Service, Inc., a regional restoration firm with three branch offices on the east coast. Financial terms of the transaction were not disclosed.
Established in 1989, ATI is the nation's largest family-owned and operated disaster recovery firm, operating 20 locations from coast to coast. After receiving its first external capital infusion in August of this year from private equity firm TSG Consumer Partners, the Company initiated its accelerated growth plan through strategic acquisitions in new and existing markets.
"Mark 1's reputation in the industry is one that we are proud to align ourselves with," said Jeff Moore, President of ATI. "They are a powerhouse in their regions, which will only strengthen ATI's geographic footprint so that we can better serve our national accounts.
"We are excited to partner with another family-run company that shares the same values of professionalism, quality performance, reliability and responsiveness that we have always prided ourselves on," said Mark Schultz, Founder Mark 1. "We know they will uphold our family's strong legacy while affording us all the benefits of a large corporation."
Mark 1 will continue to operate under its name in Pennsylvania and New Jersey, and the management team will remain on staff in their current roles.