Property Restoration Company Specializing in Repairing Water, Fire, Mold and Storm Damages - BN000039123

The offering consists of two entities that make up a residential and commercial property restoration services provider specializing in water damage, fire damage, mold remediation, storm damage, and general property restoration. The Company has been serving the Midwestern region for over 20 years and has built a reputable brand.

Key Aspects

• The Company maintained strong adjusted EBITDA margins of 15.4% from 2020 through 2023

• Highly recognizable brand name in the Midwestern region

• Service offerings ranging from reconstruction to cleaning enables the Company to manage the complete lifecycle of a restoration project

• Capability to serve both residential and commercial clients diversifies the Company’s client portfolio

Opportunities

• Penetrate new geographies to increase the Company’s client portfolio

• According to the Insurance Information Institute, natural catastrophe losses increased 142% from 2019 to 2022

• Develop a subscription-based repair and evaluation service to increase recurring revenues

• Emphasize building relationships with local insurance agents to drive an increase in referral business

Current Markets

• The Company services residential and commercial clients in the Midwestern United States

Real Estate

• The Company operates from two facilities leased from an affiliated entity and one facility leased from an unrelated third party

• Management indicates the leases are assumable