Trending...
- Tacoma Arts Month Celebrates 25 Years This October
- Growth Story Expands: $54.6M Contract, $30M Revenue Run Rate, 800+ Customers, 50+ Patents & New AI Cybersecurity Products for Cycurion, Inc $CYCU
- Nutriband Inc. (N A S D A Q: NTRB) Breaks Into Uncharted Territory: 52-Week High Eclipsed as Shares Surge 22% —AVERSA™ Puts Investors on High Alert
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
- Harvard Educated Board Certified Endodontist Joins Pearlfection Dentistry
- NYC Banners Delivers High-Stakes UN General Assembly Backdrop for the US Department of State Event
- OneVizion Appoints Energy Infrastructure Executive Walt Farrell to Board of Directors
- Tampa Bay Reporter Launches with a Mission to Deliver Local News with National Reach
- "JACKIE the STRIPPER," Starring Charlotte Kirk and The PUSSYCAT DOLLS' Kimberly Wyatt, Now Streaming on PRIME
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
- Infinity Infusion Solutions Launches "Women Leading Infusion Care" Campaign for National Women in Business Month
- HuskyTail Digital Puts AI to Work Behind the Scenes to Cut Client Turnaround Time
- AI, Real-World Data "RWD" and U.S. Expansion Put Predictive Healthcare in Focus for POMDOCTOR Ltd. (N A S D A Q: POM)
- $11.18 Million DARPA Award Ignites a Major New Catalyst as FDA, Robotic TMS and Commercialization Milestones Converge for NRx Pharmaceuticals, Inc
- Kirk Shaw Veteran Producer Tells Intelligence Daily: "The Next Decade Will Belong to the Creator"
- P-Wave Classics to publish Thomas Holcroft's The Adventures of Hugh Trevor in three volumes, beginning 19 January
- Ad Leverage Sponsors ServiceTitan Pantheon 2026, Supporting Education and Growth in the Home Services Industry
- DBF Viewer 2000 v9.32 Adds New Control for Data Export
- Badanamu Partners With Moonbug Entertainment In Landmark Distribution Deal
- Nutriband (N A S D A Q: NTRB): Fighting Back Against the Fentanyl Crisis With a New Approach to Safer Transdermal Medicines
- Top 10 AI Trading Agents Beat Market at 91% Return for Hedge Funds (PANW, AAPL, IREN, JOBY, LUNR)
- Oral statement on the situation of Chairman Lee Man-hee in pretrial detention in the Republic of Korea
- A Sky Lites Drone Show welcomes new students University of Oregon
- CinderLabs AIRA Governs NVIDIA's Open Agent Safety Platform, Turning Enforcement Into Evidence
- Tacoma: Officer Involved Shooting – 700 Block of South Stevens Street
- Names Are Not Important Asks What Remains When Identity Is Stripped of Labels
- Most Utah Deaths Never Reach the Medical Examiner. Postmortem Pathology Offers Salt Lake City a Private Autopsy Option
- Virtually Tour Heritage at South Brunswick's Resort-Style Living - Experience Indoor and Outdoor Amenities at Your Fingertips
- Derek Cook's Roofing Encourages Homeowners to Prepare for Fall Weather
- Boston Industrial Solutions Expands Product Offering with Pad Printing Pads and Silicone for Custom Pad Manufacturing