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Highground Announces The Acquisition Of Same Day Restoration

Oct 11, 2022•almost 3 years ago

Acquiring Company

HighGround

Acquired Company

Day Restoration

Description

HighGround Restoration Group, INC., a portfolio company of Trivest Partners LP (“Trivest”), announces it has acquired Same Day Restoration INC (“Same Day” or the “Company”). With offices in San Diego and Orange County, California, Same Day is the preferred partner for homeowners, commercial property managers, and insurance agents providing water, fire, mold, and abatement, with mitigation, restoration and reconstruction services. Under founder Pacy Woonteiler, the Company has achieved a consistent track record of growth by delivering for customers and investing in its people with training and professional development.

Company Information

Company

HighGround

About

No one’s ever prepared for the chaos that comes with water, mold, fire, or smoke damage. And some contractors only make it worse. The property owner needs help from someone who knows what they’re doing – and who genuinely cares. And that’s why our family of brands come to work every day. HighGround brands help customers who have suffered water or fire damage by providing 24/7/365 drying and clean up services coupled with reconstruction contracting, all while engaging with the customer’s insurance company to ensure seamless claims processing. Our brands have developed a robust referral program with residential and commercial partners by offering services such as hosted education and training, reporting and analytics, and competitive incentive compensation. This comprehensive approach allows HighGround to stay top of mind with these key referral relationships.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

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