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New Deal


Announced

Bessemer Investors-backed Legacy Restoration to acquire Janney Construction.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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home remodeling

restoration

Single Bidder

Building Roofing/Wallboard and Plumbing

Pending

Friendly

Domestic

Majority

Private Equity

Private

Acquisition

exterior restoration

United States

Synopsis

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Bessemer Investors-backed Legacy Restoration, a provider of home restoration and remodeling services, agreed to acquire Janney Construction, a provider of exterior restoration and remodeling services. Financial terms were not disclosed. "We are excited to welcome Derek and the Janney team, along with Janney's retail expertise and marketing capabilities, to Legacy. The addition of Janney allows us to extend our geographic footprint into the southeast with one of the highest rated roofing organizations in the country. This is an important next step in Legacy and Bessemer's joint goal of building the largest and highest performing exterior restoration business in the country," Scott Mullins, Legacy CEO.

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