Restoration 1® and bluefrog Plumbing + Drain® Celebrate First Half of 2020 With Private Equity Investment, Additional Leadership and Franchise Expansion
June 24, 2020 // Franchising.com // WACO, Texas - One of the most challenging years for the world at-large has also been one of the most productive years for Restoration 1 and bluefrog Plumbing + Drain as the Waco-based companies recapped several milestones for the first six months of 2020.
“While we adapted aspects of our business because of COVID-19, we were essential businesses that never stopped working and, more importantly, realized our most impressive gains in company history,” said Gary Findley, CEO of Restoration 1 and bluefrog Plumbing + Drain. “I’m incredibly proud of both brands and our superior staff and franchisees for their hard work in embracing and prevailing through every challenge.”
Highlights across the Restoration 1 and bluefrog Plumbing + Drain network from January – June of 2020 included the following:
- Restoration 1 and bluefrog Plumbing + Drain were acquired by MPK Equity Partners and Princeton Equity Group at a time when the essential businesses continued to grow in the recession-resistant sectors they serve.
- Restoration 1 named Sherry Rose as Chief Operating Officer.
- Restoration 1 rolled out its “Keep It Clean” Program to help America reopen in response to COVID-19.
- bluefrog Plumbing + Drain adopted video/virtual options to support customers during the pandemic with DIY repairs before needing a physical service call.
- Restoration 1 ranked in Entrepreneur’s 2020 Franchise 500 and the five top-ranked restoration franchises you can start.
- Restoration 1 awarded several new franchise locations and expanded into West Virginia and Utah, bringing the total network to 40 states.
- bluefrog Plumbing + Drain awarded six locations and also expanded into the state of Virginia.
“The vision for Restoration 1 and bluefrog comes alive more and more each year,” Findley added. “Despite the challenges our world is facing, 2020 continues to be strong for our business and I credit that to our superior staff, hardworking franchisees and the entire network for continuing to take this organization to the next level.”
About Restoration 1®
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 over 300 locations sold throughout the U.S. with plans to expand to more than 500 locations nationwide in the next three years. Restoration 1 has earned numerous rankings from Entrepreneur and is featured in “12 Amazing Franchise Opportunities - Second Edition” by franchise expert Dr. John Hayes.
About bluefrog Plumbing + Drain®
Founded in 2014, bluefrog Plumbing + Drain has been recognized as a trusted name in plumbing repair and installation for years. The Texas-based company has 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.
SOURCE Restoration 1® and bluefrog Plumbing + Drain®
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances