Renovo House Companions Launches as New House Providers Platform | Information
DALLAS–(BUSINESS WIRE)–Aug. January 2022–
Renovo Home Partners (“Renovo” or the “Company”), a direct-to-consumer (“DTC”) platform offering products and services for home repair and remodeling, today announced its launch as a new company , formed from the combination of three regional home repair and remodeling companies: Dreamstyle Remodeling, Remodel USA and Alure Home Improvements, with backing from Audax Private Equity (“Audax”). Renovo Home Partners will leverage technology and product expertise across its businesses to drive quality throughout the home improvement process.
Based in Dallas, Texas, Renovo Home Partners focuses on high-volume, fast-moving bathtub, window, siding, roof and other remodeling services. Through its growing network of brands, the Renovo platform offers homeowners across the United States a comprehensive product line, expert installation services, and superior customer service experience. Today, Renovo operates primarily on the West Coast and mountainous West, Mid-Atlantic and Northeast regions with a vision to expand nationwide. Built on a culture of performance and continuous improvement, the Renovo platform provides access to peer experiences and insights, as well as the necessary infrastructure, processes and technology-enabled resources to help partners succeed.
In connection with today’s announcement, Audax Private Equity announced that it has completed a strategic growth investment in Renovo Home Partners and is committed to working with management to build on the company’s strong momentum by supporting organic growth initiatives and executing a targeted acquisitions strategy to further accelerate. Audax specializes in the Buy & Build model and has completed over 1,050 add-on acquisitions across more than 150 platform investments historically.
Renovo Home Partners is led by John Dupuy, Chief Executive Office. Dupuy has over 20 years of experience in C-suite and operating partner roles at private equity-backed companies, with a distinct focus on consumer and industrial services and products. Dupuy is adept at executing a Buy & Build strategy and brings a disciplined approach to professionalizing and optimizing mid-market companies.
“At Renovo Home Partners we are raising the bar to set a new standard in the home improvement industry while putting our customers and employees first. As the name suggests, our platform allows companies to collaborate and benefit from a growing shared services team,” said Dupuy. “The Renovo team works with our partner companies to develop value creation plans with the intention of accelerating growth while preserving the value of their existing brands. Our culture is based on teamwork and the desire to win together. We pride ourselves on empowering regional players and their employees to “be the best” by providing scalable infrastructure, systems and processes.”
Renovo Home Partners recognizes that each company and its region is unique and supports its partners’ visions by investing in their growth with the economies of scale of a national platform.
About Renovo Home Partners
Based in Dallas, Texas, Renovo Home Partners is a direct-to-consumer (DTC) platform that offers homeowners across the United States a full line of exceptional home repair and remodeling (R&R) products and services. As a growing national network, Renovo Home Partners recognizes that businesses thrive when they understand their customers and develop the specialized expertise to best serve them. With multiple leading brands under one management team, Renovo Home Partners aims to centralize back-office operations and invest in world-class technology capabilities to drive commercial alignment among today’s regionally-focused businesses, with the ability to sell product offerings nationally in the short-term scale. With a strong commitment to superior customer service, superior product quality and expert installation, Renovo Home Partners prides itself on serving its homeowner customer base. For more information, visit the Renovo Home Partners website: www.renovohomepartners.com.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York and San Francisco. Since its inception in 1999, the firm has raised over $30 billion through its private equity and private debt businesses. Audax Private Equity has invested over $8 billion in more than 150 platforms and over 1,050 ancillary companies and is currently investing from its sixth private equity fund of $3.5 billion. Through its disciplined buy & build approach, Audax Private Equity seeks to help platform companies complete add-on acquisitions that drive revenue growth, streamline operations and significantly enhance equity value. With more than 300 employees, Audax is a leading capital partner for North American mid-market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.
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CONTACT: Media contacts
audax
Sard Verbinnen & Co
Julie Rudnick and Catherine Livingston
Audax-SVC@SARDVERB.com Renovo
info@renovohomepartners.com
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEY WORD: CONSTRUCTION & REAL ESTATE FINANCE BANKS SPECIALIST SERVICES INTERIOR CONSTRUCTION BUILDING SYSTEMS ARCHITECTURE OTHER CONSTRUCTION & REAL ESTATE HOUSING CONSTRUCTION & REAL ESTATE OTHER SPECIALIZED SERVICES
SOURCE: Renovo Home Partners
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RELEASE: 1/31/2022 8:00 AM / DISC: 1/31/2022 8:02 AM
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Copyright Business Wire 2022.
