NEWPRO HOME SOLUTIONS HAS BEEN ACQUIRED BY RENOVO HOME PARTNERS
Birmingham, Michigan – June 3, 2022 – Angle Advisors is pleased to announce that Renovo Home Partners (“Renovo”), has acquired NEWPRO Home Solutions (“NEWPRO”). Angle Advisors acted as the exclusive investment banking advisor to NEWPRO in completing the transaction, which adds to the firm’s high level of activity in the direct-to-consumer home improvement services industry including 9 closed transactions in the last 12 months.
NEWPRO Home Improvement Solutions is New England’s leading direct to consumer home improvement solutions provider. The transaction follows the forming of Renovo in late 2021 via combination of Dreamstyle Remodeling, Remodel USA, and Alure Home Improvements.
“We are thrilled to welcome NEWPRO to the Renovo family,” said John Dupuy, Renovo’s Chief Executive Officer. “With a strong brand, impressive growth trajectory and team-oriented culture, NEWPRO fits right into our profile as we raise the bar in home improvement while putting our customers and employees first.”
“We are excited to join the Renovo platform supporting our goals to scale our business for increased market share and product diversification. The partnership also provides our employees with increased opportunities,” says Nick Cogliani, CEO of NEWPRO. “We look forward to partnering with our peer Renovo companies to create the nation’s leading remodeler, raising the bar and setting a new standard for the customer experience in the home improvement industry. I’d also like to thank the team at Angle Advisors for assisting us in managing a quick and efficient sale process. They have a tremendous understanding of our business and industry and were great partners in ensuring a very successful outcome.”
Founded in 1945 and led by three consecutive generations of family, the NEWPRO team of over 300 employees are committed to deliver a worry-free, hassle-free home improvement experience. A customer-first mindset, combined with interactive design tools and innovative technology, has earned NEWPRO the reputation as a market leader. Amongst many accolades, NEWPRO has been voted a best workplace by the Boston Business Journal, Boston Globe and recognized as a fastest growing private organization on the Inc 5000 list.
As a growing national network, Renovo Home Partners recognizes that businesses succeed by understanding their customers and developing the specialized expertise to best serve them. With a culture rooted in teamwork and a desire to win together, the Renovo team supports their partner companies to develop value creation plans with the intention of accelerating growth, while preserving the value of their existing brands.
Based in Woburn, Massachusetts, NEWPRO Home Improvement Solutions is New England’s leading direct to consumer home improvement solution provider. NEWPRO strives to be a home improvement partner for life offering energy-efficient replacement windows, insulated siding and roofing systems, doors, bathtub and shower replacement systems and walk-in baths. For more information, visit www.newpro.com
Based in Dallas, Texas, Renovo Home Partners is a Direct-to-Consumer (DTC) platform focused on high-volume, quick-turn bath, window, cabinet refacing, siding, roofing and other remodeling services to homeowners across the United States. With multiple leading brands under one management team, Renovo Home Partners aims to centralize back-office operations and invest in best-in-class technology capabilities to drive commercial alignment amongst regionally focused businesses and enable cross-selling product offerings at national scale in the near term. With a strong commitment to superior customer service, outstanding product quality, and expert installation, Renovo Home Partners is proud to service its homeowner customer base. For more information, visit www.renovohomepartners.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 256 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.