NEW YORK, July 25, 2024 /PRNewswire/ -- Soundcore Capital
Partners ("Soundcore") a New
York-based private equity firm, is pleased to announce it
completed the sale of American Restoration Operations LLC
("American Restoration"), a national leading provider of
comprehensive property restoration services to Morgan Stanley
Capital Partners.
Headquartered in Dallas, TX,
American Restoration provides comprehensive water, fire, mold, and
other related restoration and remediation services to commercial,
industrial, and residential property customers across a
multi-regional footprint.
Soundcore initially invested in American Restoration in May of
2019 after beginning with a Fresh Idea that turned into a
compelling thesis after rigorous validation work. Soundcore was
compelled by the level of fragmentation and re-occurring event
driven service needs of the industry.
"We are grateful for Soundcore's support in the growth of
American Restoration," said Dan
Tarantin, CEO of American Restoration. "They have been a
valuable, helpful, and trusted partner."
Soundcore partnered with the American Restoration management
team to build the platform through accretive acquisitions, organic
growth initiatives, and a focus on integration. During the
five-year hold period, through a proactive approach, Soundcore
oversaw 8 acquisitions for a total of 20 locations across 10
states.
"We are proud of the platform we built with Dan, the
family-owned businesses we partnered with, and the entire American
Restoration team," said Jarrett
Turner, Founder and Managing Partner of Soundcore.
"During our ownership period, we achieved impressive growth through
Soundcore's data driven processes, commitment to continuous
improvement and value creation, deal execution, and our intense
focus on thorough integration, alongside of the management team. We
are grateful for their partnership and wish them continued success
on their next phase of growth."
Financial terms of the transaction were not disclosed. Robert W.
Baird & Co served as the financial advisor and Kirkland &
Ellis LLP served as legal counsel to Soundcore and American
Restoration.
About American Restoration
American Restoration is a comprehensive provider of water, fire,
mold, and other related property restoration and remediation
services in the United States. For
more information, please visit: www.amrestoration.com
About Soundcore
Soundcore Capital Partners was founded in 2015 by Jarrett Turner and is based in New York, NY. Soundcore is a thesis-driven
private equity firm that specializes in buy-and-build investments
in the lower middle-market that are headquartered in the United States and Canada. Soundcore has completed 93
acquisitions across eleven platforms and focuses primarily on
business & outsourced services, industrial services, specialty
manufacturing and value-added distribution sectors. For more
information, please visit: www.soundcorecap.com
CONTACT:
Elizabeth Olt
eolt@soundcorecap.com
(212)-812-1432
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SOURCE Soundcore Capital Partners