The gap between exit-ready restoration businesses and eager buyers continues to widen, and a lack of sellable businesses could spin the industry into crisis. But there is good news on the horizon for current owners who focus on six key areas of their companies.
The merged companies will continue as BluSky Restoration Contractors, operating 42 offices in 19 states from coast to coast. In addition to restoration services currently provided by AIR, BluSky plans to add its commercial roofing and healthcare restoration business lines to the Connecticut and Rhode Island markets.
This week, we're revisiting the number-one mistake owners make when selling their restoration business. RBA Founder and CEO, Gokul Padmanabhan walks through the mistake that is costing you as you prepare to sell your business and plan a successful exit strategy.
Based in Foxboro, Mass., Casey is a leading regional distributor of janitorial supplies and equipment to customers in education, healthcare, hospitality and other market segments.
Five Star Franchising, a service-based franchise platform company backed by Princeton Equity Group, has announced the addition of both 1-800-Packouts and 1-800-Textiles to its brand. The franchise said the opportunities this will bring to the restoration industry are unmatched.
In anticipation of the new edition of his book, “Why, When, & How to Sell Your Restoration Business,” Gokul Padmanabhan revisits the six drivers to preparing your business for sale.
The acquisition adds a FLEET Response presence in the Southeast U.S. FLEET Response is also comprised of Dayspring Restoration, Alpha-Omega Disaster Restoration, Burke’s Restoration, Dalworth Restoration and Cousino Restoration, with plans for additional acquisitions in 2022.
In this episode of Ask the Expert, Andrew Zavodney, chairman of the board and CEO, talks about Kustom’s investment in company culture, employee value proposition, corporate governance, M&A due diligence, transparency, accountability and scaling without private equity.
In part seven of the “7 Lessons Learned from $500 Million in Restoration Transactions” series, Gokul Padmanabhan, CEO of Restoration Brokers of America, discusses the importance of leverage in maximizing the sale of your business. “Once the LOI is done, the leverage transfers over to the buyer and comes away from you,” he says.
“By setting and sticking to your core values, the culture you have built and the standards for the quality of work you have established won't be compromised by changes to company size and makeup. These simple ideas have guided us as we've grown from a small operation into a national leader in disaster recovery,” Jeff Moore writes.
