July 18, 2017 // Franchising.com // WACO, Texas - Restoration 1®, one of the fastest-growing and most-trusted restoration franchises in North America, has acquired the bluefrog Plumbing + Drain® franchise network with plans to aggressively grow the business across North America. Terms of the purchase were not disclosed.
"This is a monumental acquisition, broadening the franchise brands and complimentary services that we will deliver to a growing residential and commercial customer base across the United States," said Gary Findley, CEO of Restoration 1.
Based in Phoenix, Ariz., bluefrog Plumbing + Drain launched in January of 2014 and has grown to 15 franchise locations across nine states. Findley said the bluefrog executive team will remain in place and work with a Restoration 1 team that will help advance the plumbing franchise to the next level. Findley will serve as CEO of both brands as bluefrog CEO Mark Dawson is retiring.
"Restoration 1 brings great synergy and an incredible support team to bluefrog that will expand our operations and significantly scale our business for the road ahead," said Jeff Moody, president and COO of bluefrog. Moody, who was instrumental in the creation of bluefrog, said he looks forward to the expansion of a proven concept that has plenty of room to grow.
Findley said he expects bluefrog to have at least 100 locations by the end of 2018.
"Plumbing and drain cleaning are a complimentary industry to our restoration business, and we are in a position to make an immediate impact that will add locations in territories across the country," he said. "We are poised to do for bluefrog all that we have achieved at Restoration 1 in record time."
Since becoming CEO of Restoration 1 in 2016, Findley has recruited a larger corporate team, elevated programs with national vendors and unveiled a new marketing campaign while expanding Restoration 1 from 18 locations to more than 140 locations in 15 months.
"We grew a regional franchise into an award-winning national chain in less than a year at Restoration 1, and we are ready to do it again with bluefrog Plumbing + Drain," Findley said.
Founded in 2008, Restoration 1 is an award-winning franchise that specializes in a wide array of emergency mitigations, restoration and reconstructions services. An industry innovator, the Texas-based company uses advanced technologies and tools to perform restoration for both residential and commercial properties that have been damaged due to water, smoke, fire, mold, storms and more. There are more than 140 locations open and in development throughout the U.S. with plans to expand to more than 500 locations nationwide in the next four years. For more information about Restoration 1, visit www.restoration1.com.
Founded in 2014 and based in Phoenix, Ariz., bluefrog Plumbing + Drain has been recognized as a trusted name in plumbing repair and installation for years. With a focus on helping each franchise partner build a profitable fleet of service vehicles in their local markets, bluefrog's franchise partners are supported by an executive team with decades of experience in both the plumbing and franchise industries. For more information, visit www.bluefrogfranchise.com.
SOURCE Restoration 1