Five Star Franchising, a service-based franchise platform company backed by Princeton Equity Group, has announced the addition of both 1-800-Packouts and 1-800-Textiles to its brand. The franchise said the opportunities this will bring to the restoration industry are unmatched.
In anticipation of the new edition of his book, “Why, When, & How to Sell Your Restoration Business,” Gokul Padmanabhan revisits the six drivers to preparing your business for sale.
The acquisition adds a FLEET Response presence in the Southeast U.S. FLEET Response is also comprised of Dayspring Restoration, Alpha-Omega Disaster Restoration, Burke’s Restoration, Dalworth Restoration and Cousino Restoration, with plans for additional acquisitions in 2022.
In this episode of Ask the Expert, Andrew Zavodney, chairman of the board and CEO, talks about Kustom’s investment in company culture, employee value proposition, corporate governance, M&A due diligence, transparency, accountability and scaling without private equity.
In part seven of the “7 Lessons Learned from $500 Million in Restoration Transactions” series, Gokul Padmanabhan, CEO of Restoration Brokers of America, discusses the importance of leverage in maximizing the sale of your business. “Once the LOI is done, the leverage transfers over to the buyer and comes away from you,” he says.
“By setting and sticking to your core values, the culture you have built and the standards for the quality of work you have established won't be compromised by changes to company size and makeup. These simple ideas have guided us as we've grown from a small operation into a national leader in disaster recovery,” Jeff Moore writes.
In part six of the 7 Lessons Learned from $500 Million in Restoration Transactions series, Gokul Padmanabhan discusses the power of a strategic buyer who looks beyond your financial statements to the full potential of your business.
ATI Restoration, the largest family-operated restoration firm in the U.S., acquired ProCare Solutions and Lang Restoration & Construction at the end of 2021. This Ask the Expert episode brings leaders from all three businesses together to share both acquisition stories and lessons learned.
“Identifying potential future leaders, mentoring their development, and building a bench of talent for the future is paramount. The degree to which the new consolidated organizations succeed will be determined by the quality and cohesiveness of their leadership at all levels,” Norris Gearhart writes.
USA-CLEAN is a supplier of repair parts for professional floor care equipment, including auto scrubbers, portable extractors and vacuums. The company employs 50 people along with a network of over 600 repair technicians servicing floor cleaning machines across the U.S., Canada and Puerto Rico.