TIMONEER ANNOUNCES ACQUISITION OF SOLID RESTORATION
Timoneer Strategic Partners is excited to announce it has partnered with Brett Soliday and Solid Restoration, LLC to support the Company during its next phase of growth and expansion, and to establish Solid Restoration as an acquisition platform in the highly fragmented restoration industry.
Solid Restoration is a leading provider of restoration services across Southern California, and assists property owners who have suffered water, fire, or mold damage by providing 24/7 emergency response mitigation, clean up, and restoration and repair services, all while seamlessly managing the claims process with a customer's insurance company.
Our team at Timoneer looks forward to working with Brett and the entire Solid Restoration organization to continue upon an aggressive, yet thoughtful, growth strategy in Southern California and by expanding into other attractive markets throughout the U.S. via a buy-and-build acquisition model. We look forward to playing a meaningful role in the next chapter of the Solid Restoration story, with an emphasis on continuing to deliver the same level of industry-leading service quality that has been the standard at Solid Restoration for almost three decades.
Grays Peak Capital, Phoenix3 Holdings, and a consortium of high-net-worth investors co-invested alongside Timoneer in the transaction. McGuireWoods LLP served as legal advisor to Timoneer. Eagle Pointe Capital served as the exclusive financial advisor to Solid Restoration.
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Ben Frazier Matt Joen
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