Trending...
- Tacoma: Applicants Sought for the Board of Ethics
- Qscription Technologies and NEOPATHOLOGY CORP. Sign MOU to Bring FDA-Cleared Lung Imaging AI into U.S. Clinical Practice
- Tidy-Up Tacoma Teams Up with Community Partners for Citywide Cleanup Event September 19
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
- The Social Capital Revolution Comes to Phoenix!
- Spokane: Flags Lowered for Mayor Tim Verzal
- Lawsuit Alleges American Deli Food Caused Severe Illness, Acute Kidney Failure, And Eight-day Hospitalization
- FBI/DoW plot uncovered to hurt Trump/Vance through encouraged "widespread" cybersecurity breaches and racketeering theft of $80m in USDA payments
- City of Tacoma Aligns Parking Rates and Facilities for Downtown Parking Network Effective October 13
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
- Super Rooter Expands to 190 Plumbing, Sewer, and Drain Service Locations Across the United States
- European Patent for ALS Program Expands the Story: HOPE Deploys Robotic TMS & FDA Commercialization Path Advances: NRx Pharmaceuticals: NAS DAQ: NRXP
- VICTURY Sports Announces Formation of Youth Sports League Built on the Official, Patented, and Award-Winning Keepy Uppy® Ball
- Congressman Chuck Edwards (NC-11) Presents ReadyCommunities Partnership 2026 National Service Award to Local Businessman / US Air Force Veteran
- Cress Creeks Farm Opens Fall Corn Maze and Baby Lamb Hayride Experience in Ellijay, Georgia
- Allstream Energy Partners Nominated in Multiple Categories for Fast Company's Best Workplaces for Innovators
- Pebble Photo Booths Brings Modern Photo Experiences to Vancouver, Washington
- Spokane: Flags at Half-Staff in Remembrance of 9/11 Victims
- Haven Treatment Center Now In-Network with First Choice, Expanding Access to Youth Health
- Kerri Lawless Introduces New Home-Selling Option for Local Homeowners
- FDA-Cleared Zeta TMS Robotic System Moves Toward Deployment as FDA, DARPA and Commercial Catalysts Converge: NRx Pharmaceuticals (N A S D A Q: NRXP)
- Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
- City of Spokane Launches 'Emergency Streets' Pilot Program
- Spokane: City Seeks Feedback on Future Land Use Map
- Shelter Structures America makes European debut at TEMPOR EXPO 2026 in Fulda, Germany
- Longevity Academy Announces J.P. Medved of Longevity Advice as Next Guest in the Longevity Leaders
- Medcurity Introduces a Better Way for Healthcare and Its Vendors to Build Trust
- Haven Treatment Center Now In-Network Partnership with Aetna, Expanding Access to Youth Health Care
- Applicants Sought for the Tacoma Arts Commission and the Tacoma Creates Advisory Board
- Spokane City Council Approves Emergency Tenant Protections