Trending...
- Spokane: Council to Hold Press Conference to Discuss Further Information on Department of Justice Grant
- TBM Council Appoints U.S. Department of Transportation CDIO Pavan Pidugu to Board of Directors
- Spokane: Male In Custody After Puppy Is Thrown From Moving Vehicle During Argument; Puppy Located By Neighbor Unharmed
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
- Food Journal Magazine Is Shaping the Conversation Around Los Angeles Food in 2026
- MITSUYA PLATING Expands ONE-STOP Service for US-based Medical Device, Semiconductor and Aerospace Manufacturers
- Spokane Police Department Continues To Bolster The Neighborhood Resource Officer Program
- Voiset AI Planner Launches Smart Booking: Real Estate Agents, ADHD Coaches, Sales Teams End Calendar Chaos
- Max Tucci Makes His Highly-Anticipated Debut On QVC—unveiling A Bespoke Luxury Chocolate Collection Inspired By 100 Years Of Tucci Hospitality
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
- Robert D. Botticelli Promoted to Century Fasteners Corp. – Director of Sales
- Openchannelflow Wins Web Excellence Award for Outstanding Digital Experience
- STS Capital Partners' Andy Harris Co-Authors 'The Extraordinary Exit,' A Practical Guide for Business Owners Considering a Sale
- One-Click Pro Audio for Streamers: "VoiceSterize" Automates Noise Reduction & Mastering on Mac
- Sole Publishing Announces Essential Parenting Book for Families Navigating the Teen Years
- From Factory Floor to Community Heart: The Rebel Spirit of Wisconsin's Wet Wipe Innovators
- UK Financial Ltd Lists MayaFund (MFUND) ERC-20 Token on CATEX Exchange Ahead of Planned ERC-3643 Upgrade
- Denver Apartment Finders Launches Revamped Denver Tech Center Apartment Location Page
- Roblox and Solsten Alliances; a Stronger Balance Sheet and Accelerated Growth Through AI, Gaming, and Strategic Partnerships for Super League: $SLE
- Boston Industrial Solutions' Natron® 512N Series UV LED Ink Earns CPSIA Certification
- Power Business Solutions Announces Joint Venture with EIG Global Trust to Deliver Data Center Financial Solutions
- Scoop Social Co. Partners with Fairmont Hotels & Resorts to Elevate Summer Guest Experiences with Italian Inspired Gelato & Beverage Carts
- Spokane: Standoff With Domestic Violence Suspect Resolves Peacefully
- Velixo Unveils Velixo Intelligence, Its New AI-Powered Assistants, at Acumatica Summit
- GlobalBoost Media Advances Uncensorable Web on Blockchain with New Exchange Listings
- Buildout Launches Native Email Marketing Feature, Expanding Its End-to-End CRE Platform
- New Saxophone Prize Honors Astronaut Ronald E. McNair, First To Play Sax In Space
- Building a $145M AI-Powered Marine Platform as Listings Surge, Global Expansion Begins, OTH Shares Trade at a Discount: Off The Hook YS (N Y S E: OTH)
- American Disabilities Act Must Protect Against Forced Psychiatric Commitment and Treatment
- 2025 Top Lawyers - ELA Awards by Expert Law Attorneys