Deal radar ·
Blue Point-backed RSI acquires Indiana facade firm Wells Masonry
Building restoration services
Restoration Systems, Inc., a Blue Point Capital Partners portfolio company, has acquired Wells Masonry Restoration, a New Palestine, Indiana facade and masonry restoration firm founded in 2002.
News: A PE-backed regional contractor makes its first add-on under its new owner, entering a new state through a two-decade-old local firm that keeps its team and name.
Why it matters: Blue Point, which manages more than $1.8 billion in committed capital and typically invests in companies with $30 million to $300 million in revenue, is pursuing additional acquisitions to expand RSI's building restoration platform.
Radar: Watch for further RSI add-ons among facade, masonry and parking structure restoration firms in the Midwest.
People involved
- Rick Wells – Owner.
- Blake Dronen – Buyer.
- Brian Castleberry – Buyer.
A name here does not mean that person signed the purchase agreement.
Related notices
- Solomon Brothers Jewelers acquires family-owned Mervis Diamond Importers
- Australia: 2nd Summit Capital buys trailer maker Dunbier and Mackay
- UK: EverGrowth Group buys 35-year-old family waste firm Haulaway
- Turf Masters Brands buys Tennessee lawn care firm 4-Evergreen
- Helena Dumont acquires founder-built Houston PVF distributor SMP Supply
Your M&A market. Every morning.
Get a short briefing every morning with the M&A news in the sectors you follow, each linked to its source.
Choose your market