Trending...
- Spokane: Construction Will Impact South Stevens Street - 109
- Kasinohai Audit: Most Slots Could Be Affected by Finland's Draft Gambling Rules
- Why More Phoenix Families Are Turning to Private Autopsy Services for Answers
RADNOR, Pa., Jan. 6, 2025 ~ Hidden River Strategic Capital, a private equity firm, has recently announced its investment in Restoration Alliance, a prominent franchisee of the ServiceMaster Restore franchise system. The partnership was formed with the existing management team and Taurus Capital Partners to provide growth capital and recapitalize the business. Headquartered in Seattle-Tacoma, WA, Restoration Alliance, also known as ServiceMaster of Tacoma, offers residential and commercial disaster restoration services such as water mitigation, fire and smoke damage restoration, and contents cleaning and storage.
Restoration Alliance has been under the ownership and leadership of the Sorenson family for more than three decades. CEO Jeff Sorenson will continue in his current role while also spearheading the company's new growth initiatives. With this partnership, Restoration Alliance aims to expand from being a regional leader to a national player in the disaster restoration industry. The continuity with the existing team and collaborative approach of this transaction aligns with Hidden River's investment strategy that prioritizes working closely with founders.
More on Washingtoner
Kevin Condon, Co-Founder and Partner at Hidden River, expressed excitement about the partnership stating, "Jeff and his team have built a remarkable business known for its exceptional service and operational excellence. We are thrilled to join forces with Jeff and Taurus as we collectively drive growth through strategic acquisitions and organic expansion."
Sorenson also shared his enthusiasm for this new venture saying, "The approach taken by Hidden River and Taurus is refreshing compared to other private equity options. It is more collaborative and relationship-based which was crucial for me as I sought out partners who would appreciate our accomplishments while helping us reach new heights."
ServiceMaster Restore has a rich history spanning over 65 years with over 800 franchised locations across 14 countries. It is one of the largest and most reputable disaster restoration brands globally. Griffin Gordon, Founder & CEO of Taurus Capital Partners commented on their involvement saying, "We are honored to be part of the ServiceMaster Restore family and are excited to contribute to the brand's growth as we expand our operations nationwide."
The partnership between Hidden River, Taurus Capital Partners, and Restoration Alliance is a promising one that aims to take the company to new heights in the disaster restoration industry. With their combined expertise and resources, they are well-positioned to achieve their goal of becoming a national leader in the field.
Restoration Alliance has been under the ownership and leadership of the Sorenson family for more than three decades. CEO Jeff Sorenson will continue in his current role while also spearheading the company's new growth initiatives. With this partnership, Restoration Alliance aims to expand from being a regional leader to a national player in the disaster restoration industry. The continuity with the existing team and collaborative approach of this transaction aligns with Hidden River's investment strategy that prioritizes working closely with founders.
More on Washingtoner
- Los Angeles' Best Food: Food Journal Magazine Examines the Trends Shaping the City's Dining Scene
- Spokane: SPD Make an Arrest in Connection with an Arson that Happened on June 9
- Landmark Construction Expands Glass, Glazing, and Commercial Remodeling Services Across Los Angeles County and Surrounding Areas
- Tacoma: Statement from At-Large Council Member Latasha Palmer and At-Large Council Member Olgy Diaz Regarding Stand-Alone Data Centers
- Tacoma: Homicide Investigation – 6900 Block of East D Street
Kevin Condon, Co-Founder and Partner at Hidden River, expressed excitement about the partnership stating, "Jeff and his team have built a remarkable business known for its exceptional service and operational excellence. We are thrilled to join forces with Jeff and Taurus as we collectively drive growth through strategic acquisitions and organic expansion."
Sorenson also shared his enthusiasm for this new venture saying, "The approach taken by Hidden River and Taurus is refreshing compared to other private equity options. It is more collaborative and relationship-based which was crucial for me as I sought out partners who would appreciate our accomplishments while helping us reach new heights."
ServiceMaster Restore has a rich history spanning over 65 years with over 800 franchised locations across 14 countries. It is one of the largest and most reputable disaster restoration brands globally. Griffin Gordon, Founder & CEO of Taurus Capital Partners commented on their involvement saying, "We are honored to be part of the ServiceMaster Restore family and are excited to contribute to the brand's growth as we expand our operations nationwide."
The partnership between Hidden River, Taurus Capital Partners, and Restoration Alliance is a promising one that aims to take the company to new heights in the disaster restoration industry. With their combined expertise and resources, they are well-positioned to achieve their goal of becoming a national leader in the field.
0 Comments
Latest on Washingtoner
- Talentica Software Earns a Place Among India's Top 100 Great Mid-size Workplaces 2026
- Spokane: Behavioral Health Unit Expansion
- Socialhose Launches TikTok Investigator, a Platform for Investigating TikTok Live
- David Pedrol named Managing Director in Indonesia
- AutomationIQ Launches to Bring Enterprise-Grade AI Automation to Local and Mid-Market Businesses
- City of Tacoma Continues Working on 'Roadmap to Recovery'
- City of Tacoma Awarded $7.6 Million BUILD Grant for Environmental Analysis and Final Design Phase of Fishing Wars Memorial Bridge Replacement Project
- Spokane City Council Legislative Meetings Now Wednesday Evenings
- Texas Hospitals & Their Patients Describe Two Very Different Healthcare Systems, New Social Knowing
- The Story Tree Literacy Project Seeks Publishers and Librarians to Help Children Become Polyglots
- Discard Junk Removal Named #1 Junk Removal Company in Sacramento Out of 189 Businesses Evaluated
- Spokane: Firefighters Prevent Extension During Fast-Moving House Fire
- J&J Exterminating Mourns the Passing of Founder Bobby John Sr
- Delirious Comedy Club Transforms Into Las Vegas' Newest Live Comedy Studio With Weekly Delirious TV Tapings
- BitTitan Advances MigrationWiz with New Capabilities, Platform Enhancements, and Product Leadership Update
- Sara Abbas Receives "Eniochos" Charioteer Award at 2026 Who is Who International Awards
- Detained at 95: South Korea's Prosecution of a Religious Leader Draws International Alarm
- CCHR: DOJ Takedown Exposes Over $220 Million Defrauded in Behavioral Mental Health Fraud Schemes
- Lady Liberty Is Coming Home: Historic WWII A-26 Invader Begins Her Final Journey to the Tulsa Air & Space Museum
- Homicide Investigation – 1000 block of South Tacoma Way