TITAN HOLDINGS HAS ACQUIRED PACIFIC BATH COMPANY
Birmingham, Michigan – January 7, 2022 – Angle Advisors is pleased to announce that Titan Holdings (“Titan”), via its Renuity subsidiary, has acquired Pacific Bath Company (“Pacific Bath”). Angle Advisors acted as the exclusive investment banking advisor to Titan in completing this transaction, which adds to the firm’s high level of activity in the direct-to-consumer home improvement services industry.
Pacific Bath is a leading home improvement company offering walk-in bath, shower, and gutter products across Washington, Oregon, Nevada, and Arizona. The transaction bolsters the roster of Renuity’s portfolio of remodelers and marks yet another high-profile acquisition for Titan, the eighth overall since its 2019 launch. As 2021 closed, the home improvement innovator had grown its footprint to 21 states.
“Pacific Bath is an amazing business, growing faster than any other acquisition target we have looked at in 2021,” said Daniel Gluck, Titan CEO. “Expansion to the West Coast is not something I thought we would get to for another year or two, but when you can partner with a business as high quality as Pacific Bath, you jump at the opportunity. Roy, Todd and the team at Pacific Bath are amazing operators and will be welcome additions to our Renuity business. I know they will benefit from the technology, marketing, recruiting and analytics resources that the Titan umbrella provides.”
As an exclusive dealer for Kohler, Pacific Bath has spent the past five years executing 15,000-plus projects and earning high marks from its customers, who keep coming back. The transaction also includes Pacific Gutter, which provides gutter protection to consumers in Washington and Oregon. Renuity will help jumpstart the gutter business after a strong start in its first year.
“There is a lot to be excited about in this deal, but we are most excited about the opportunity to grow our business and utilize the suite of services provided by Titan and Renuity,” said Roy Bletko, Managing Partner of Pacific Bath. “Their organizational infrastructure should only serve to enhance everything we are doing here at Pacific Bath. I am happy that our customers and employees will continue to be well taken care of and that Titan will help us to expand our footprint over the coming years.”
Pacific Bath employs 280 professionals across their four key markets. That workforce will remain in their capacity and will now fall under the Renuity vertical of Titan’s business.
Formerly “Titan Home Improvement,” Titan Holdings features two home-related verticals, including a portfolio of national home improvement operating divisions (“Renuity”) and a technology platform focused on building out a superior managed solution for the home services industry (“Bylt”). The holding company aims to leverage its portfolio of assets to revolutionize the end-to-end residential remodeling process. Titan Holdings is based in Coral Gables, Fla. For more information, visit www.titanhomeimprovement.com
Renuity is a portfolio of national home improvement operating divisions owned by Titan Holdings and operating across the United States. These businesses include best-in-class organizations like FHIA Remodeling, Mad City Windows & Baths, Statewide Remodeling, Home Smart Industries, MaxHome, and Paradise Home Improvement. Collectively, these businesses have helped hundreds of thousands of homeowners get quality remodeling services and reliable installation at a competitive price. For more information, visit www.renuityhome.com
Pacific Bath Company is a home remodeler based in Portland, Ore. providing superior bath remodeling products and services since 2016. Pacific Bath operates in Washington, Oregon, Nevada and Arizona, and has served more than 20,000 customers. As a certified KOHLER walk-in bath provider, Pacific Bath uses the professional knowledge to transform your outdated bath into a relaxing oasis. The company’s goal is to foster an energetic and enthusiastic environment in which associates at all levels are encouraged to be responsive and act with a sense of accountability. For more information, visit www.pacificbath.com
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 248 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.