BOSTON–(BUSINESS WIRE)–Jan 31, 2022–

Audax Private Equity (“Audax”) today announced the creation of Renovo Home Partners (“Renovo” or the “Company”), a newly established platform providing home repair and remodel products and services.

Based in Dallas, Texas, Renovo Home Partners is a direct-to-consumer (“DTC”) provider of repair and remodeling services focused on high-volume quick-turn bath, window, siding, roofing, and other remodeling services. The Company was formed through the combination of three regional remodeling businesses: Dreamstyle, Remodel USA, and Alure Home Improvements. Through its growing network of brands, Renovo’s platform provides a full range of products, installation services, and premier customer service experience to homeowners throughout the United States. Today, Renovo operates primarily in the west coast and mountain 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 experience and insight as well as the necessary infrastructure, processes, and tech-enabled resources to help partners thrive.

“We believe the DTC home improvement market is well suited for Audax’ Buy & Build strategy, and we plan to work to scale rapidly,” said Jay Mitchell, Managing Director at Audax Private Equity. “We see an exciting opportunity to invest in and support the brands, with the goal of helping to accelerate Renovo’s growth trajectory, broaden its existing product portfolio, and expand into new geographic areas through greenfields and complete targeted acquisitions. We’re thrilled to partner with CEO John Dupuy and the entire team as this newly formed entity takes shape.”

“Given the long-term success of the three brands, we saw significant potential in combining the businesses under one umbrella to create a larger, more diversified company and ultimately working to become one of the nation’s leading DTC home repair and remodel services company,” said John Dupuy, Chief Executive Officer of Renovo Home Partners. “In seeking to find a partner to help us bring our vision to life, Audax’ track record of helping companies scale and capitalize on their growth strategies was a perfect fit for our needs at this stage in the company’s lifecycle. We believe this investment will help to achieve our goals and provide significant benefits and opportunities to all of Renovo’s stakeholders, most notably our customers and employees. We’re proud to be a part of the Audax family and look forward to a successful and lengthy partnership.”

Ropes & Gray LLP and Fredrikson & Byron PA served as legal counsel to Audax.

About Renovo Home Partners

Based in Dallas, Texas, Renovo Home Partners is a Direct-to-Consumer (“DTC”) platform providing a full range of exceptional home repair and remodel products and services to homeowners across the United States. As a growing national network, Renovo Home Partners recognizes that businesses succeed by understanding their customers and developing 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 best-in-class technology capabilities to drive commercial alignment among regionally focused businesses today, with the opportunity to cross-sell product offerings at national scale in the near term. With a strong commitment to superior customer service, outstanding product quality, and expert installation, Renovo Home Partners is proud to service its homeowner customer base. For more information, visit the Renovo Home Partner 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 founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $8 billion in more than 150 platforms and over 1050 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220131005284/en/

CONTACT: Media: Audax

Sard Verbinnen & Co

Julie Rudnick and Catherine Livingston

Audax-SVC@SARDVERB.com Renovo

info@renovohomepartners.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS NEW YORK TEXAS

INDUSTRY KEYWORD: FINANCE OTHER CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: Audax Private Equity

Copyright Business Wire 2022.

PUB: 01/31/2022 08:00 AM / DISC: 01/31/2022 08:02 AM

http://www.businesswire.com/news/home/20220131005284/en

Copyright Business Wire 2022.

The post Audax Non-public Fairness Pronounces Creation of New House Companies Platform, Renovo House Companions | Information appeared first on DAILY SAN FRANCISCO BAY NEWS.

BOSTON–(BUSINESS WIRE)–Jan 31, 2022–

Audax Private Equity (“Audax”) today announced the creation of Renovo Home Partners (“Renovo” or the “Company”), a newly established platform providing home repair and remodel products and services.

Based in Dallas, Texas, Renovo Home Partners is a direct-to-consumer (“DTC”) provider of repair and remodeling services focused on high-volume quick-turn bath, window, siding, roofing, and other remodeling services. The Company was formed through the combination of three regional remodeling businesses: Dreamstyle, Remodel USA, and Alure Home Improvements. Through its growing network of brands, Renovo’s platform provides a full range of products, installation services, and premier customer service experience to homeowners throughout the United States. Today, Renovo operates primarily in the west coast and mountain 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 experience and insight as well as the necessary infrastructure, processes, and tech-enabled resources to help partners thrive.

“We believe the DTC home improvement market is well suited for Audax’ Buy & Build strategy, and we plan to work to scale rapidly,” said Jay Mitchell, Managing Director at Audax Private Equity. “We see an exciting opportunity to invest in and support the brands, with the goal of helping to accelerate Renovo’s growth trajectory, broaden its existing product portfolio, and expand into new geographic areas through greenfields and complete targeted acquisitions. We’re thrilled to partner with CEO John Dupuy and the entire team as this newly formed entity takes shape.”

“Given the long-term success of the three brands, we saw significant potential in combining the businesses under one umbrella to create a larger, more diversified company and ultimately working to become one of the nation’s leading DTC home repair and remodel services company,” said John Dupuy, Chief Executive Officer of Renovo Home Partners. “In seeking to find a partner to help us bring our vision to life, Audax’ track record of helping companies scale and capitalize on their growth strategies was a perfect fit for our needs at this stage in the company’s lifecycle. We believe this investment will help to achieve our goals and provide significant benefits and opportunities to all of Renovo’s stakeholders, most notably our customers and employees. We’re proud to be a part of the Audax family and look forward to a successful and lengthy partnership.”

Ropes & Gray LLP and Fredrikson & Byron PA served as legal counsel to Audax.

About Renovo Home Partners

Based in Dallas, Texas, Renovo Home Partners is a Direct-to-Consumer (“DTC”) platform providing a full range of exceptional home repair and remodel products and services to homeowners across the United States. As a growing national network, Renovo Home Partners recognizes that businesses succeed by understanding their customers and developing 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 best-in-class technology capabilities to drive commercial alignment among regionally focused businesses today, with the opportunity to cross-sell product offerings at national scale in the near term. With a strong commitment to superior customer service, outstanding product quality, and expert installation, Renovo Home Partners is proud to service its homeowner customer base. For more information, visit the Renovo Home Partner 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 founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $8 billion in more than 150 platforms and over 1050 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220131005284/en/

CONTACT: Media: Audax

Sard Verbinnen & Co

Julie Rudnick and Catherine Livingston

Audax-SVC@SARDVERB.com Renovo

info@renovohomepartners.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS NEW YORK TEXAS

INDUSTRY KEYWORD: FINANCE OTHER CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: Audax Private Equity

Copyright Business Wire 2022.

PUB: 01/31/2022 08:00 AM / DISC: 01/31/2022 08:02 AM

http://www.businesswire.com/news/home/20220131005284/en

Copyright Business Wire 2022.

The post Audax Non-public Fairness Broadcasts Creation of New Residence Companies Platform, Renovo Residence Companions | Enterprise appeared first on DAILY SAN FRANCISCO BAY NEWS.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005293/en/

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

Copyright Business Wire 2022.

RELEASE: 1/31/2022 8:00 AM / DISC: 1/31/2022 8:02 AM

http://www.businesswire.com/news/home/20220131005293/en

Copyright Business Wire 2022.

The post Renovo House Companions Launches as New House Providers Platform | Information appeared first on DAILY SAN FRANCISCO BAY NEWS.

DALLAS–(BUSINESS WIRE)–Jan 31, 2022–

Renovo Home Partners (“Renovo” or the “Company”), a direct-to-consumer (“DTC”) platform providing home repair and remodel products and services, today announced its launch as a new company formed by the combination of three regional home repair and remodeling businesses: 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 increase quality throughout the home improvement process.

Based in Dallas, Texas, Renovo Home Partners is focused on high-volume, quick-turn bath, window, siding, roofing and other remodeling services. Through its growing network of brands, Renovo’s platform provides a full range of products, expert installation services, and premier customer service experience to homeowners across the United States. Today, Renovo operates primarily in the west coast and mountain 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 experience and insight as well as the necessary infrastructure, processes, and tech-enabled resources to help partners thrive.

In connection with today’s announcement, Audax Private Equity announced it has completed a strategic growth investment in Renovo Home Partners and is committed to partnering with management to help further accelerate the Company’s strong momentum by supporting organic growth initiatives and executing a targeted acquisition strategy. Audax specializes in the Buy & Build model, having completed over 1,050 add-on acquisitions across more than 150 platform investments in the firm’s history.

Renovo Home Partners will be led by Chief Executive Office, John Dupuy. Dupuy has over 20 years of experience serving in C-Suite and operating partner roles at private equity-backed companies, with a significant focus on consumer and industrial services and products. Adept at executing a Buy & Build strategy, Dupuy brings a disciplined approach to professionalizing and optimizing middle market businesses.

“At Renovo Home Partners, we are raising the bar to set a new standard in home improvement while putting our customers and employees first. As described in the name—our platform allows companies to partner together 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 rooted in teamwork and a desire to win together. We are proud to give regional players and their employees an opportunity to ‘be the best’ by providing infrastructure, systems, and processes to scale.”

Renovo Home Partners recognizes that each business and its geography is unique and supports their partners’ visions by investing in their growth with the benefits of scale of a national platform.

About Renovo Home Partners

Based in Dallas, Texas, Renovo Home Partners is a Direct-to-Consumer (DTC) platform providing a full range of exceptional home repair and remodel (R&R) products and services to homeowners across the United States. As a growing national network, Renovo Home Partners recognizes that businesses succeed by understanding their customers and developing 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 best-in-class technology capabilities to drive commercial alignment among regionally focused businesses today, with the opportunity to cross-sell product offerings at national scale in the near term. With a strong commitment to superior customer service, outstanding product quality, and expert installation, Renovo Home Partners is proud to service its homeowner customer base. For more information, visit the Renovo Home Partner 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 founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $8 billion in more than 150 platforms and over 1,050 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220131005293/en/

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 KEYWORD: CONSTRUCTION & PROPERTY FINANCE BANKING PROFESSIONAL SERVICES INTERIOR DESIGN BUILDING SYSTEMS ARCHITECTURE OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE OTHER PROFESSIONAL SERVICES

SOURCE: Renovo Home Partners

Copyright Business Wire 2022.

PUB: 01/31/2022 08:00 AM / DISC: 01/31/2022 08:02 AM

http://www.businesswire.com/news/home/20220131005293/en

Copyright Business Wire 2022.

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