M&A

BMS CAT Strengthens Florida Service Through the Acquisition of Integrity Environmental Group

BMS CAT, a national leader in disaster recovery, restoration and reconstruction services, today announced the acquisition of Integrity Environmental Group, Inc., a provider of innovative solutions for environmental challenges, including asbestos, lead, and mold remediation. The acquisition expands BMS CAT’s specialized environmental capabilities, while further strengthening the company’s ability to help commercial customers respond to complex property events and return to normal operations as quickly and safely as possible. “Integrity Environmental Group brings deep expertise and capabilities that complement the work we already do for customers in the Florida market, and across the country,” said Jim

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How In-Depth is the ‘Due Diligence’ Process, and Can I Prepare for It?

Q: How in-depth is the ‘due diligence’ process, and can I prepare for it?  JT says: The short answer-  yes, it’s an intrusive process, it needs to be.  And yes, you can (and should) prepare.  The restoration industry is unique, so DD is required, but not easy.   For confidentiality purposes, not every detail is disclosed when recruiting the best buyers.  After an accepted offer it’s essential buyers gain more knowledge and insight before spending millions.  Via a ‘DD Checklist’ hundreds of questions will be asked along with documents requested, primarily surrounding 4 categories:  Financial, Operational,

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How Do I Best Navigate the Emotional Roller-Coaster of Selling My Business?

Q: I was told selling my business will be an emotional roller-coaster.  If true, how do I best navigate it?   JT says: Having worked with 400+ restoration owners, yes, this is 100% true.  And early awareness is a critical step toward effective navigation.  Why?  Emotional decisions are not ideal, they can be costly when stakes are high.  After years of building a successful business, along with plenty of stress and sleepless nights, there should be a healthy dose of emotion… but not when making critical decisions.   The Exit Strategies process was created and refined

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ATI Acquires Northern Virginia-Based Jenkins Enterprises

ATI Restoration, LLC (“ATI” or “Company”), America’s largest family-operated restoration contractor and a national leader in restoration, environmental remediation, and reconstruction services, announced today it has acquired Jenkins Enterprises.  ATI was advised by Ryan Maughn, Davis Wright Tremaine LLP and Varoon Parekh, RSM. Financial terms of the transaction were not disclosed. Jeremy Jenkins founded Jenkins Enterprises in 2015. His team of IICRC certified specialists provide restoration, remodeling, and construction services to both residential and commercial clients from their offices in Sterling, Virginia and Gaithersburg, Maryland. Jenkins Enterprises has earned a reputation for exceptional customer

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Private Equity’s Continued Interest in Restoration

Private equity interest in the restoration industry isn’t new. Our industry’s economic-resistant nature is appealing to firms looking to grow their portfolio of companies. Now, there is evidence PE firms have a new area of interest in restoration – not just with independent restoration companies. Earlier this year, C&R shared news of a new kind of transaction in the restoration industry – private equity buying into an individual franchise, with the blessing of the franchisor. Industry broker JT Kraai, owner of Exit Strategies 360, was closely involved with the process – and believes this is

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BMS CAT Acquires Colorado Premier Restoration

BMS CAT, a leading disaster recovery and restoration service provider, has announced the acquisition of Colorado Premier Restoration, in Denver, Colorado.  Colorado Premier Restoration is a prominent disaster recovery solutions company with a strong reputation for quality and customer service in both Denver, Colorado Springs, and their surrounding communities. With this acquisition, BMS CAT continues to expand its reach and reinforce its commitment to providing comprehensive and reliable disaster recovery services to businesses and homeowners across the United States. Colorado Premier Restoration has been providing restoration services since 2015 and has established itself as

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I Received an Inquiry to Buy My Restoration Business, Should I Entertain It?

Q: I received an inquiry to buy my restoration business, should I entertain it?    JT says: With continued industry activity, fair question.  Responding (out of curiosity) gets you one buyer, with one opinion.  When contemplating a sale, multiple buyers is always infinitely better. Why? Depending on the buyer (and type), there’s an array of potential values, deal structures, transaction variables and management philosophies. ‘Best’ buyers will ensure maximization of value, allow an exit on your terms/timeline, align with your culture, and best care for your team and future of the business.  These ‘best’ buyers have

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Restoration 1 Franchise Owner Announces Growth Investment from Private Equity

Scott Whitaker, owner of Restoration 1 Spokane, Wash., has partnered with Traction Capital, an investment firm dedicated to helping entrepreneurs in the Western U.S. Private equity firms have recently begun investing as franchisees in the restoration industry, signaling a new era of business growth and opportunity. The influx of funds across the industry will allow local businesses to expand their services as well as provide more resources for those impacted by natural disasters. Whitaker opened his first Restoration 1 franchise in 2017 while serving as Captain of the Spokane Valley Fire Department. His goal

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You’ve Mentioned a Sales ‘Transaction’ vs. ‘Transition’, What’s the Difference?  

Q: You’ve mentioned a sales ‘transaction’ vs. ‘transition’, what’s the difference?   JT says: Transaction:  This is the business side of any sale-  NDA’s, LOI’s & deal terms, negotiations, non-competes, working capital, legal documentation, wealth preservation, etc. These pieces are always present.     Transition:  This is the personal/emotional side of any sale. (*Ignoring these variables allows anxiety/fear to creep in and the ‘transaction’ will be jeopardized, guaranteed.)  These variables consider overall emotional preparedness, desire for answers/planning, family dynamics surrounding a sale, letting go of the status and perks that accompany ownership, relinquishing control of ‘your

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ATI Acquires Omni Environmental

ATI Restoration, LLC, America’s largest family-operated restoration contractor and a national leader in restoration, environmental remediation and reconstruction services, announced today the acquisition of Omni Environmental, LLC, a leading residential and commercial restoration company serving the greater New England area. Financial terms of the transaction were not disclosed. Omni Environmental was founded in 2016 by Christopher McNulty. Omni quickly became a leader in the environmental remediation industry thanks to hard-working employees always going the extra mile to put their clients at ease. Omni performs environmental remediation throughout New England. “I’m excited to welcome the

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