Restoration Builders is expanding to Colorado and Wyoming with the recent acquisition of Sorenson Roofing & Exteriors
SCOTTSDALE, Ariz., October 29, 2019 / PRNewswire / – Restoration Builders, Inc. (“Restoration Builders” or “The Company”) announced today that it has entered into an asset purchase agreement to acquire DBA Sorensen Roofing and Exteriors, GC (“Sorensen Roofing”) from Mile High Restoration , Inc. and Exteriors “) headquartered in Greeley, CO.
Restoration Builders was founded in 2017 and focuses on building a strategic network of licensed contractors and other industry-related acquisitions spread across key geographic areas The United States. Restoration Builders’ corporate network will include a global infrastructure of offices, teams, equipment, trucks and other resources working together to capitalize on the explosive growth of the insurance restoration industry worth over $ 210 billion.
The company estimates that the consolidated companies will more than report $ 100 million in sales for 2019.
Sorensen Roofing and Exteriors was created after the owner Brian Sorensen Recognized the need for a new generation of storm recovery contractors in the industry who operate by strict principles and understand the pros and cons of insurance claims.
Prior to founding the company, Brian spent many years as a licensed insurance provider for the world’s second largest company and as an agency manager for the Colorado Farm Bureau. Brian got into the roof repair industry after years of seeing abusive builders and insurance companies taking advantage of homeowners. Its goal is to ensure that homeowners are treated fairly and that their homes are restored quickly and correctly. The company reported $ 7 million in sales for 2018.
“I am keen to confirm that the Sorensen Roofing and Exteriors acquisition is complete,” he said John Lorenz, Chairman and CEO of Restoration Builders, Inc. “This is a highly skilled team with a reputation for integrity that is respected in our industry. In addition, Brian’s principles and expertise in both the construction and insurance industries make Sorensen Roofing & Exteriors undoubtedly become a huge expansion of our network. “
Roof repair is a rapidly growing sector of the $ 49 billion Roofing industry. However, this sector is seen as fragmented as it is largely made up of local, privately owned companies. The vast majority of roofers are policyholders who want to make an insurance claim for a roof repair or replacement.
About Restoration Builders, Inc.
Restoration Builders is a residential and commercial company that operates within 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. To learn more, please visit the website at www.restorbuilders.com.
About Sorensen Roofing & Exteriors
The Sorensen Roofing and Exteriors team believe that they are more than a company, they are family and they take care of each of their owners. Sorensen Roofing & Exteriors specializes in all types of storm damage repair, including roofing, exterior painting, siding, and even window installation and replacement. All of their technicians are fully trained and certified to perform the required work. More importantly, their friendly, caring demeanor helps customers recover from the stress of a natural disaster. More information is available at: www.sorensongc.com.
For further information please contact:
Janet Carnell Lorenz
SOURCE Restoration Builders, Inc.