Stellar Brands, a multi-brand service organization that includes Restoration 1, bluefrog Plumbing + Drain, The Driveway Company and Softroc, ended the year with two acquisitions, 82 franchise agreements awarded, new leadership and national recognition.
Gokul Padmanabhan predicts the tidal wave of restoration mergers and acquisitions will continue for the next four to five years as more Baby Boomers look to retire and sell their businesses. However, he sees a big opportunity gap that not enough restoration business owners are seizing on.
These transactions further expand the North American geographic footprint and property restoration service capabilities. The leaders of each of these businesses will continue to run their respective day-to-day operations, FirstService said.
The integration of ACT and Target into Cotton’s portfolio is part of the company’s global strategy, which aims to meet the increasing demand for commercial restoration services internationally.
Founded in 1985 by Jim and Marsi Bronson, J&M is a full-service restoration contractor with one branch office in San Diego, with 60% of its business servicing the residential market and 40% commercial.
The acquisition represents the tip of the spear for Kustom US M&A activity in 2022. This partnership was established to accelerate growth and expand Kustom's footprint in the state of California.
The acquisition allows Bales Restoration to scale operations with major commercial clients throughout Greater Seattle. The existing First Onsite branch in Kent will serve regional accounts with locations in Northern Seattle together with the Bales team.
ATI Restoration has announced the acquisition of Lang Restoration & Construction LLC, a regional restoration firm with one branch office in the Southeast. Financial terms of the transaction were not disclosed.
EFWR was founded by Michael Wyne in 2010 and provides full-service emergency restoration and reconstruction services in the Milwaukee and Madison, Wisconsin areas.
By acquiring A-1, First Onsite Property Restoration expands its service platform in the Washington D.C. metropolitan region as they have two locations in Manassas, Va. and Bowie, Md.
