Restoration Builders expands nationally with the recent acquisition of Renofing Roofing & Construction in Dallas, Texas
SCOTTSDALE, Ariz., October 22, 2019 / PRNewswire / – Restoration Builders, Inc. (“Restoration Builders” or “The Company”) announced today that it has officially acquired Renown Roofing and Construction, Inc. (“Renown Roofing”) from Dallas, TX. This recent asset purchase has allowed the company to continue its expansion in the United States.
Insurance restoration has grown into an industry with over $ 210 billion in revenue. In response to this explosive growth, Restoration Builders Inc. was founded in 2017. Since then, the company has focused primarily on consolidating existing restoration and repair businesses, all of which are spread across the company United States.
As of this release date, Restoration Builders has signed asset purchase agreements with 15 privately held companies. The integration of each of these companies should take place in the next few weeks. Together, these consolidated companies are expected to generate more than that $ 100 million in sales for 2019.
An entrepreneur at heart, founder and president of Renown Roofing Adam Buttoroff The company was founded in 2010 after spending several years in the roofing and real estate industries. Since that time, Adam has made it his mission to streamline the insurance claims process for clients, which he achieved by hiring a group of claims specialists. The company has grown $ 8 million in sales for 2018.
Adam is also a best-selling author, personal coach, and respected keynote speaker in the construction industry. He has received numerous awards, most recently as “Cutting Edge Contractor of the Year 2019”.
“I am very pleased to confirm the acquisition of Renown Roofing,” he said John Lorenz, Chairman and CEO of Restoration Builders, Inc. “This is an award-winning team with a proven ability to innovate and create a great customer experience. We have great goals for the future of Restoration Builders and for the betterment of our industry as a whole. Prestigious Roof fits in perfectly with our core values that include customers first, relationships are important, excellence, and quality work. I’d like to extend a warm welcome to our newest team members. I look forward to building the future with you. “
Roof repair is a fast growing sector of the $ 49 billion Roofing industry. However, this particular field is considered fragmented as it is mostly local, privately owned companies. The vast majority of customers in this sector are policyholders making claims for repair or replacement.
About Restoration Builders, Inc.
Restoration Builders is a residential and commercial construction company operating within and continuously The United States. Their mission is to protect, restore, and build property, empower families, and support the community. They are locally committed and ready to provide large-scale disaster relief. For more information, please visit: www.restorbuilders.com
About Reputation Roofing and Construction, Inc.
Renown Roofing is a world class, full service restoration company that provides both repairs and replacements for any part of the home or business that has been hit by storm damage. They are experts in restoration services and can also assist with filing an insurance claim. For more information, please visit: www.RenownConstruction.com
For further information please contact:
Janet Carnell Lorenz
SOURCE Restoration Builders