DALLAS--(BUSINESS WIRE)--Renovo Home Partners ("Renovo" or the “Company”), a direct-to-consumer (“DTC”) platform providing home repair and remodel products and services, today announced its launch as a new company formed by the combination of three regional home repair and remodeling businesses: Dreamstyle Remodeling, Remodel USA, and Alure Home Improvements, with backing from Audax Private Equity (“Audax”). Renovo Home Partners will leverage technology and product expertise across its businesses to increase quality throughout the home improvement process.
Based in Dallas, Texas, Renovo Home Partners is focused on high-volume, quick-turn bath, window, siding, roofing and other remodeling services. Through its growing network of brands, Renovo’s platform provides a full range of products, expert installation services, and premier customer service experience to homeowners across the United States. Today, Renovo operates primarily in the west coast and mountain west, mid-Atlantic, and northeast regions with a vision to expand nationwide. Built on a culture of performance and continuous improvement, the Renovo platform provides access to peer experience and insight as well as the necessary infrastructure, processes, and tech-enabled resources to help partners thrive.
In connection with today’s announcement, Audax Private Equity announced it has completed a strategic growth investment in Renovo Home Partners and is committed to partnering with management to help further accelerate the Company’s strong momentum by supporting organic growth initiatives and executing a targeted acquisition strategy. Audax specializes in the Buy & Build model, having completed over 1,050 add-on acquisitions across more than 150 platform investments in the firm’s history.
Renovo Home Partners will be led by Chief Executive Office, John Dupuy. Dupuy has over 20 years of experience serving in C-Suite and operating partner roles at private equity-backed companies, with a significant focus on consumer and industrial services and products. Adept at executing a Buy & Build strategy, Dupuy brings a disciplined approach to professionalizing and optimizing middle market businesses.
“At Renovo Home Partners, we are raising the bar to set a new standard in home improvement while putting our customers and employees first. As described in the name—our platform allows companies to partner together and benefit from a growing shared services team,” said Dupuy. “The Renovo team works with our partner companies to develop value creation plans with the intention of accelerating growth, while preserving the value of their existing brands. Our culture is rooted in teamwork and a desire to win together. We are proud to give regional players and their employees an opportunity to ‘be the best’ by providing infrastructure, systems, and processes to scale.”
Renovo Home Partners recognizes that each business and its geography is unique and supports their partners’ visions by investing in their growth with the benefits of scale of a national platform.
About Renovo Home Partners
Based in Dallas, Texas, Renovo Home Partners is a Direct-to-Consumer (DTC) platform providing a full range of exceptional home repair and remodel (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 best serve them. 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 today, with the opportunity to cross-sell 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 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 founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $8 billion in more than 150 platforms and over 1,050 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 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.