By The Restoration HQ desk · · filed under Money & Consolidation
PE consolidation hits a new gear
In a single window: Morgan Stanley Capital Partners fully acquired American Restoration, Fortify (Summit Partners) acquired Rytech to top 100 locations across 30+ states, LP First Capital launched the Rewind residential platform with its first deal (Icon), and Oridian launched AnchorPoint to roll up foundation repair and waterproofing.
Sources Morgan Stanley, www.morganstanley.com/im/en-us/individual-in… (MSCP fully acquires American Restoration); Summit Partners, www.summitpartners.com/news/fortify-companie… (Fortify + Rytech, 100+ locations, 30+ states); Align Collaborate, aligncollaborate.com/news/lp-first-capital-l… (Rewind platform / Icon Restoration); R&R, www.randrmagonline.com/articles/92009-oridia… (AnchorPoint Foundations)