Global Restoration Holdings, LLC, the parent company to Interstate Restoration and FirstOnSite Restoration, announced today the signing of a definitive agreement to be acquired by the property services firm FirstService Corporation.

Delta Disaster Services, a nationally recognized and award-winning franchise brand that provides restoration services to residential and commercial properties, has rebranded as Delta Restoration Services.  

S&P Global Ratings today took the rating actions listed below. The downgrade reflects the increased leverage, to about 4.5x over the next 12 months from about 2.7x, and S&P Global Ratings' expectation that aggressive financial policy decisions from the new ownership could increase leverage further.

The promise of automated job data collection goes back many years, but it’s finally happening, thanks to Bluetooth technology.

In the March issue of R&R, Phil walked through his industry predictions from 2018 and revealed how he scored on each. His predictions included labor shortages and wage increases, industry pricing challenges, more TPA influence, growth of outside groups, and projections on weather-related events. To see how he fared, check out his March article! This month, he’s sharing his predictions for 2019!

It seems like almost weekly we turn on the news and hear of some type of natural disaster. An earthquake, hurricane, tornado, flood, severe weather event, or a wildfire seem to be causing devastation in some part of the world. Hundreds of thousands if not millions of lives are affected every year.

It’s been a busy weather start to 2019 for restorers across the U.S. In the Northwest, there was the deep freeze; the Midwest has been experiencing record-breaking and deadly flooding and before that some major snow and ice storms; some of the Central States – and Georgia – have seen deadly tornadoes. And that was all just through the month of March.