Restoration 1 and bluefrog Plumbing + Drain get strategic investment
Restoration 1 and bluefrog Plumbing + Drain announced a strategic investment by MPK Equity Partners and Princeton Equity Group. The deal marks an investment with the award-winning property restoration company and its sister brand, a growing plumbing franchise, at a time when essential businesses continue to grow in the recession-resistant sectors they serve. Terms of the deal were not disclosed.
Based in Waco, Texas, Restoration 1 has rapidly expanded to nearly 300 locations open and in development across the U.S. to become one of the fastest-growing brands in the $210 billion property restoration industry. bluefrog Plumbing + Drain, which was added in 2017, has begun growing to new territories and states in addition to awarding the first co-branded franchise locations to Restoration 1 franchisees in 2019 as well.