Founded in 1999 in Capitol Heights, Maryland by John Cherubim, Remodel USA has grown steadily throughout its tenure as one of the Mid-Atlantic region’s top remodelers. Currently operating in seven states as well as the District of Columbia, Remodel USA aims to drive continued growth in 2022 in current and additional geographies. Remodel USA prides itself on its relationship with the community both as a service provider and as an employer.
Commenting on the new partnership with Renovo, Founder John Cherubim said, “Remodel USA has become one of the largest home improvement companies in the Mid-Atlantic, we are excited about the future of growth we will achieve. with the support of Renovo. and the value we will bring to our employees and the communities we serve.
Through its growing network of brands, Renovo’s platform offers a full line of exceptional products, expert installation services and a top-notch customer service experience to homeowners across the United States. Renovo Home Partners will leverage the technology and expertise of its peers across its businesses to increase efficiency and quality throughout the home improvement process – from customer acquisition to installation.
“John and his team have built an industry-leading business at Remodel USA and we are thrilled to partner with them and support their impressive and continued growth,” said Renovo CEO John Dupuy.
Audax Private Equity has made a strategic growth investment in Renovo Home Partners and is committed to partnering with management to further accelerate the company’s strong momentum by supporting organic growth initiatives and executing an acquisition strategy targeted. Audax specializes in the Buy & Build model, having completed more than 1,000 follow-on acquisitions across more than 140 platform investments in the company’s history.
About Remodel USA
Founded in 1999, Remodel USA has been a fixture in the Mid-Atlantic home improvement market for over 20 years. Over that time, Remodel USA has offered a variety of interior and exterior remodeling service options and currently specializes in bathroom and kitchen remodeling. Remodel USA offers home improvement services in Maryland, Virginia, West Virginia, Pennsylvania, Delaware, New York, Connecticut and the District of Columbia. For more information, please visit the Remodel USA website: www.remodelusainc.com.
About Renovo Home Partners
Based in Dallas, Texas, Renovo Home Partners is a Direct-to-Consumer (DTC) platform providing a full line of exceptional repair and renovation (R&R) products and services to homeowners across the United States. As a growing national network, Renovo Home Partners recognizes that businesses succeed by understanding their customers and developing the specialized expertise to better serve them. With multiple major brands under one management team, Renovo Home Partners aims to centralize back-office operations and invest in best-in-class technology capabilities to drive business alignment among regional businesses today, with the ability to sell nationwide product offerings. short-term scale. With a strong commitment to superior customer service, exceptional product quality and expert installation, Renovo Home Partners is proud to serve its homeowner clientele. For more information, visit the Renovo Home Partner website: www.renovohomepartners.com.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York and San Francisco. Since its inception in 1999, the firm has raised more than $30 billion in capital across its private equity and private debt businesses. Audax Private Equity has invested over $7 billion in over 145 platforms and over 1,000 complementary companies, and is currently investing in its sixth $3.5 billion private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies achieve add-on acquisitions that fuel revenue growth, optimize operations and significantly increase equity value. With over 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.