Restoration Builders Inc., Phoenix, has announced that it has completed an
asset purchase agreement to officially acquire Oakdale, Minnesota-based BuiltStrong Exteriors LLC.
According to Restoration Builders, the company has been developing a network
of U.S.-based licensed contractors and other industry-related companies to
capitalize on the $210 billion insurance restoration industry—a goal which the acquisition supports.
Built Strong has reported $34 million in revenue during the past three
years, according to Restoration Builders.
"I'm thrilled to announce that Built Strong Exteriors is joining
us," John Lorenz, chairman and CEO of Restoration Builders Inc., says.
"The winter weather in Minnesota can cause immense damage and disruption.
The Built Strong team is deeply rooted and well-known within the local
community. They are a tight knit group of professionals who know how to
overcome adversity through creative problem-solving. I believe they personify
our motto of ‘Raising the roof on the American dream' and will be frontrunners
in our efforts to elevate and evolve this industry."
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