HighGround Expands Its Southwest Presence With Rocky Mountain Restoration Acquisition
IRVING, Texas--(BUSINESS WIRE)--Jan 10, 2023--
HighGround Restoration Group, Inc., a portfolio company of Trivest Partners LP (“Trivest”), announces the acquisition of Rocky Mountain Restoration (“Rocky Mountain Restoration” or the “Company”) ( https://www.rmraz.com/ ). Rocky Mountain Restoration is a leading property damage restoration company, headquartered in Mesa, AZ, that services the greater Phoenix, Arizona metro area. The Company provides 24/7 emergency restoration services to residential and commercial consumers including water damage restoration, mold remediation, fire damage restoration and trauma and biohazard cleanup.
Founded in 2009 by CEO Adam Webster, Rocky Mountain Restoration has built a 13-year track record of growth that is driven by a commitment to preventing the common pitfalls that customers may encounter during the restoration process. The Company’s growth is also attributed to the training and development of their team to embody their core values of being humble, caring about others, getting it done, and always learning and growing while being positive and fun.
HighGround’s Chief Executive Officer, Ben Balsley stated, “Adam and his leadership team have built a great company. With its track record of growth, commitment to customers, strong culture, and proven execution, Rocky Mountain is a perfect fit for our growing family of brands. I’m looking forward partnering with this team to continue the Company’s momentum as we unlock new opportunities through the HighGround platform.”
Through the partnership with HighGround, Rocky Mountain Restoration will preserve its brand while gaining dedicated capital and support capabilities including integrated technology, reporting and analytics, lead generation, and centralized recruiting. Coupled with the population growth in Phoenix, the HighGround partnership creates multiple growth opportunities to expand Rocky Mountain Restoration’s footprint and service capabilities in the metro area.
Adam Webster, CEO of Rocky Mountain Restoration added, “The partnership with HighGround is going to help us continue to provide exceptional service, continued company growth, and a best-in-class workplace culture. I am super excited about what this partnership will mean for the families that are behind all of our team members.”
“We are very excited to be partnering with Adam and the Rocky Mountain team. Each HighGround investment has fit squarely within Trivest’s core strategy of investing in growing, founder-owned businesses, and Rocky Mountain Restoration is no exception. Over the past three years alone, HighGround has acquired nine leading brands in the water damage mitigation and restoration space. With the addition of RMR, we believe HighGround is well on its way to building one of the most successful companies in the sector,” said Forest Wester, Partner with Trivest.
With this new addition to the HighGround family of brands, the portfolio now includes the following restoration companies: Dry Force, Cleanup & Total Restoration (CTR), Power Dry, More Floods, Dririte, Northeast Power Dry, Same Day Restoration, PureDry Restoration, and Rocky Mountain Restoration. These brands represent every region of the US, and HighGround is actively seeking to add brands and partner with founders that share its focus on people, service, and growth. If you are interested in learning more or joining the HighGround family of brands, reach out at firstname.lastname@example.org or visit www.highgroundnow.com.
No one’s ever prepared for the chaos that comes with water, mold, fire, or smoke damage. And some contractors only make it worse. The property owner needs help from someone who knows what they’re doing – and who genuinely cares. And that’s why our family of brands come to work every day.
HighGround brands help customers who have suffered water or fire damage by providing 24/7/365 drying and clean up services coupled with reconstruction contracting, all while engaging with the customer’s insurance company to ensure seamless claims processing. Our brands have developed a robust referral program with residential and commercial partners by offering services such as hosted education and training, reporting and analytics, and competitive incentive compensation. This comprehensive approach allows HighGround to stay top of mind with these key referral relationships.
Trivest Partners, with offices in Miami, Charlotte, Chicago, Los Angeles, Philadelphia, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the U.S. and Canada, in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 400 investments, totaling approximately $7 billion in value. The firm has roughly $4.5 billion in assets under management, with a growing team of over 65 professionals. Trivest has been recognized by Inc. Magazine as a founder-friendly private equity firm in four consecutive years. Learn more at www.trivest.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20230110005474/en/
CONTACT: Brian McNeal
KEYWORD: UNITED STATES NORTH AMERICA CANADA TEXAS ARIZONA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY
SOURCE: HighGround Restoration Group, Inc.
Copyright Business Wire 2023.
PUB: 01/10/2023 09:07 AM/DISC: 01/10/2023 09:06 AM