Hidden River Strategic Capital invested in Restoration Alliance, a franchisee within the ServiceMaster Restore franchise system. Hidden River partnered with existing management and Taurus Capital Partners to recapitalize the business and provide growth capital.
Restoration Alliance has been owned and led by the Sorenson family for over 30 years. Jeff Sorenson, CEO, will continue in his current role while also overseeing the company’s new growth initiatives.
“Jeff and his team have built a great business with a reputation centered around high-quality service and operational excellence,” Kevin Condon, co-founder and partner at Hidden River, said. “We are excited to partner with Jeff as well as Taurus as we collectively grow the business through strategic acquisitions and organic expansion.”
“The approach taken by Hidden River and Taurus is markedly different, and rather refreshing, compared to alternative private equity options,” Sorenson said. “It is more collaborative and relationship-based, which was important to me as I sought out partners who would appreciate and respect what we have built while also helping us expand on our successes.”
“We are honored to be a part of the ServiceMaster Restore family and look forward to further growing the brand as we expand our operations across the country,” Griffin Gordon, founder and CEO of Taurus Capital Partners, said.
