Washingtoner - Hidden River Invests in ServiceMaster Restore Franchisee

Trending...

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.

0 Comments

Latest on Washingtoner

_catLbl0 _catLbl1