Apax-backed Authority Brands completed the acquisition of DRYmedic Restoration Services.

Apax-backed Authority Brands, a provider of home services, completed the acquisition of DRYmedic Restoration Services, a provider of disaster restoration services. Financial terms were not disclosed. "DRYmedic is the perfect addition to the Authority Brands portfolio, complementing the suite of professional home services our brands provide. This year marks Authority Brands' 5th anniversary and over that time, we have achieved impressive growth, responding to the increased demand for home services by expanding our portfolio with thoughtful concepts that benefit owners and clientele alike. We are thrilled to support DRYmedic as their business expands and provide resources to help the company achieve their growth goals," Craig Donaldson, Authority Brands CEO.