PE Firm Invests in Restoration 1 Franchise
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Scott Whitaker, owner of the Restoration 1 in Spokane, Washington, has partnered with Traction Capital, an investment firm dedicated to helping entrepreneurs in the Western U.S. Whitaker opened his first Restoration 1 franchise in 2017 while serving as captain of the Spokane Valley Fire Department. Over the last five years, he has experienced strong growth, expanding into additional territories in Central Washington and garnering the attention of Traction Capital.
"I am excited to partner with Traction Capital as we grow our business to the Tri-Cities and Yakima area and look to other opportunities beyond the state,” Whitaker said. “I believe a key component of our success thus far is the fact that we have built a team of great people and helped them succeed individually. Traction shares this philosophy and will allow us to develop even further.”
With this investment, Whitaker's franchises will be able to reach new milestones and provide more support across multiple communities.
"On behalf of everyone at Traction, we are excited to partner with Scott and the Restoration 1 team in Dallas to continue to provide best in class services to customers in the Western U.S.," said Justin Turner, managing partner at Traction Capital. “Whitaker has developed a great team, and we look forward to working in the background to help provide the resources and systems necessary to continue to grow the business into multiple states.”
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