RONKONKOMA, N.Y., Feb. 22, 2022 /PRNewswire/ — Protegrity Advisors, a main M&A advisory organization on Prolonged Island, has served as special advisor to Alure House Enhancements in its acquisition by Audax Non-public Equity. Established 75 a long time back and led by Sal Ferro because 1998, Alure has 30,000 loyal clients and attained the track record of remaining the preeminent provider of complete-service layout and installation of residential kitchens, bathrooms, and standard residence enhancement jobs on Extended Island.
With around $8 billion invested, Audax Private Equity has been a chief in buying and scaling center sector corporations for over 20 decades. It has created above 150 system investments and 1,000 increase-on acquisitions.
Alure is 1 of 3 regional leaders from throughout the nation put together by Audax to form the newly set up Renovo Household Associates, a direct-to-buyer (“DTC”) company of transform solutions focused on high-quantity rapid-change bath, window, siding, and other providers. “We think the DTC household improvement industry is perfectly suited for Audax’s Invest in & Build method, and we prepare to get the job done to scale promptly,” said Jay Mitchell, Handling Director at Audax Personal Equity. John Dupuy, CEO of Renovo, additional that “Provided the extensive-term accomplishment of the three brands, we noticed major probable in combining the corporations below one umbrella to create a bigger, extra diversified corporation and ultimately doing the job to become a person of the nation’s main DTC residence repair service and rework solutions company.”
Alure’s President Sal Ferro shared, “I am really delighted with all aspects of this transaction. We had been fortunate to have various alternatives, but Audax’s method and culture created it an simple selection. The Protegrity team addressed me like family – they were being patient, accessible at all hours, and cared about each and every issue,” Ferro added. “Without their advice, there would not have been any offer, let by itself one particular that was these a fantastic consequence for all.”
“We ended up honored to depict Alure and conscious of its legacy relationship again to 1946,” explained Gregg Schor, CEO of Protegrity Advisors. “It really is always gratifying to support effectuate a sale that gains the homeowners, personnel and shoppers, and getting able to entice a personal equity organization as prestigious as Audax to invest on Prolonged Island will make this specially fulfilling.”
About Protegrity Advisors
Protegrity Advisors is an M&A advisory company serving enterprises with profits from $5MM to $100MM across a vary of industries. Master much more: www.ProtegrityAdvisors.com
Get hold of:
Source Protegrity Advisors