Who is buying restoration companies?
21 named consolidator platforms are actively acquiring US restoration businesses; 19 of them are private-equity-backed. Typical restoration acquisitions price at 3x-8x EBITDA (2.5x-3.5x SDE for smaller owner-operated businesses), per published ranges from Restoration Brokers of America, Peak Business Valuation and others. The most recent named acquisition tracked on this page closed in September 2026.
Why restoration companies are consolidating
- •The US damage restoration services market is worth $7.7 billion in 2026 and has grown at a 4.1% compound annual rate since 2021, according to IBISWorld.
- •There are 57,615 damage restoration businesses in the US as of 2026, up 3.5% from 2025, according to IBISWorld.
- •PitchBook data compiled by EdgePoint counted 43 restoration and remediation transactions in 2024 through December 4 (10, 10, 16 and 7 by quarter), according to EdgePoint Capital Advisors.
- •Seven new sponsor-backed restoration and remediation platforms were formed between January and October 2024, from Hidden Harbor Capital Partners to Percheron Capital, according to EdgePoint Capital Advisors.
- •Alpine Investors' Guardian Restoration Partners alone made 14 acquisitions between its April 2024 launch and the end of 2025, according to Alpine Investors.
The platforms consolidating restoration companies
The named groups acquiring US restoration businesses, with their current owner and a source for each. Most grow through individual partnerships that are not separately disclosed; where a platform publishes named deals, recent ones are listed.
| Acquirer | Owner / backer | Type | Headquarters | Latest named deal |
|---|---|---|---|---|
| BELFOR | American Securities (invested April 2019); Goldman Sachs Asset Management preferred equity reported in 2024 | Private equity | Birmingham, MI | — |
| FirstService (First Onsite Property Restoration and Paul Davis Restoration) | Publicly traded (TSX and NASDAQ: FSV) | Strategic / public | Toronto, ON | Apr 2026 |
| ATI Restoration | Moore family; TSG Consumer Partners (investor since Aug 2020, stake size undisclosed) | Private equity | Anaheim, CA | Apr 2024 |
| BluSky Restoration Contractors | Partners Group and Kohlberg & Company (equal stakes); Dominus Capital (minority) | Private equity | Centennial, CO | — |
| American Restoration | Morgan Stanley Capital Partners | Private equity | Dallas, TX | Nov 2024 |
| Fortify Companies (Insurcomm Restoration and Rytech Restoration) | Summit Partners | Private equity | Portsmouth, NH | Dec 2025 |
| BMS CAT | AEA Investors | Private equity | Haltom City, TX | Sep 2026 |
| HighGround Restoration Group | Knox Lane (majority) | Private equity | Dallas, TX | — |
| Guardian Restoration Partners | Alpine Investors | Private equity | Denver, CO | Dec 2025 |
| Cotton Holdings | Sullivan Brothers Family of Companies | Strategic / family-owned | Houston, TX | Jan 2024 |
| Mooring USA | Crossplane Capital | Private equity | Fort Worth, TX | — |
| Right Restoration Partners | Percheron Capital | Private equity | Atlanta, GA | Feb 2026 |
| Summit Restoration Group | Point 41 Capital Partners | Private equity | Cumming, GA | May 2026 |
| Forge Restoration (Frontier Services Group) | Seaside Equity Partners | Private equity | Houston, TX | Nov 2025 |
| Liberty Restoration Group | MBN Brands, Petra Capital Partners and SharpVue Capital | Private equity | St. Louis, MO | Aug 2026 |
| SERVPRO Global DRT (formerly SERVPRO West Coast DRT) | Orangewood Partners | Private equity | Encino, CA | Mar 2024 |
| Southeastern Restoration Holdings | Azalea Capital | Private equity | Not disclosed | Dec 2025 |
| Midwest Remediation | CID Capital | Private equity | Indianapolis, IN | Oct 2024 |
| Endurant Disaster Recovery | Compass Group Equity Partners | Private equity | Not disclosed | May 2025 |
| Rewind Restoration | LP First Capital (co-investment from Align Collaborate) | Private equity | Not disclosed | Nov 2025 |
| Merit Restorations | Brenton Point Capital Partners (growth investment; co-founder retains an ownership stake) | Private equity | Purcellville, VA | Jul 2026 |
BELFOR
Private equity- Owner
- American Securities (invested April 2019); Goldman Sachs Asset Management preferred equity reported in 2024
- Headquarters
- Birmingham, MI
- Scale
- Operations in 34 countries; more than 10,000 team members
American Securities lists BELFOR as a current holding. In March 2024 Bloomberg Law reported that Goldman Sachs' asset-management arm was close to a $600M preferred equity investment in Belfor Holdings. This run found no named, dated 2024-2026 US restoration add-on. The 2024 deals by BELFOR Franchise Group (The Patch Boys, JUNKCO+) are not restoration. HQ is from BELFOR's About page.
FirstService (First Onsite Property Restoration and Paul Davis Restoration)
Strategic / public- Owner
- Publicly traded (TSX and NASDAQ: FSV)
- Headquarters
- Toronto, ON
- Scale
- Paul Davis: aggregate network of approximately 375 locations across North America
Paul Davis's deals are buy-backs of its own franchised operations, and the franchisees are not named. First Onsite bought DryPatrol. The Jan 10, 2024 release covers all three of the 2024 deals.
ATI Restoration
Private equity- Owner
- Moore family; TSG Consumer Partners (investor since Aug 2020, stake size undisclosed)
- Headquarters
- Anaheim, CA
- Scale
- 71 offices nationwide; over 2,600 employees (Apr 2024)
The 2020 release says the Moore family retains ownership, and TSG's stake size is not disclosed. It is classed as private equity because TSG is the outside investor, so confidence in the owner type is medium. TSG still lists ATI on its site. No 2025-2026 acquisitions were found. Ryan Moore became CEO in Nov 2025. The office count is from the Apr 2024 4 Seasons release.
BluSky Restoration Contractors
Private equity- Owner
- Partners Group and Kohlberg & Company (equal stakes); Dominus Capital (minority)
- Headquarters
- Centennial, CO
- Scale
- 65 offices in 27 states (Dec 2023)
The last merger found was with Liberty Restoration (Salt Lake City, UT) in Dec 2023. That firm is not the same as Missouri's Liberty Restoration Group. No 2024-2026 add-on and no 2025-2026 sale were found. Mark Minasian became CEO in Sept 2025.
American Restoration
Private equity- Owner
- Morgan Stanley Capital Partners
- Headquarters
- Dallas, TX
- Scale
- 25 local brands
MSCP bought the company from Soundcore Capital Partners. At the July 2024 sale it ran eight regional brands across 10 states. Its brand directory gives each brand's year of partnership but not the month. Some brands dated 2024 may have joined before MSCP closed in July 2024.
Fortify Companies (Insurcomm Restoration and Rytech Restoration)
Private equity- Owner
- Summit Partners
- Headquarters
- Portsmouth, NH
- Scale
- More than 100 markets across 30+ states (Dec 2025)
Summit invested in 2024 and lists Fortify as a current holding. Fortify combines the company-owned Insurcomm with the Rytech franchise network, which had more than 100 locations in 25 states. Osceola Capital's structural-restoration 'Fortify Restoration' is a different company.
BMS CAT
Private equity- Owner
- AEA Investors
- Headquarters
- Haltom City, TX
- Scale
- 27 US service locations
AEA lists the holding as BMS Enterprises (Fort Worth, TX), invested 09/2019, status current. Legacy was BMS CAT's 12th acquisition. The location count is a tally of the cities on bmscat.com/locations. BMS CAT is not Mooring USA.
HighGround Restoration Group
Private equity- Owner
- Knox Lane (majority)
- Headquarters
- Dallas, TX
- Scale
- 13 states
It completed 13 add-on acquisitions under Trivest before the March 2025 sale. No named add-ons under Knox Lane were found. The HQ is from Trivest's release.
Guardian Restoration Partners
Private equity- Owner
- Alpine Investors
- Headquarters
- Denver, CO
- Scale
- 14 acquisitions from its April 2024 launch through 2025; location count not disclosed
The sources read name only 6 of its 14 acquisitions. Guardian's homepage now says 15 companies have joined. The HQ comes from the Denver dateline on Guardian's releases, because no source states it outright.
Cotton Holdings
Strategic / family-owned- Owner
- Sullivan Brothers Family of Companies
- Headquarters
- Houston, TX
- Scale
- Not disclosed
A diversified group covering infrastructure support, restoration, roofing, workforce housing and culinary services. Sun Capital owned Cotton when it bought 24 Restore, its fifth acquisition, and sold it to SBFC in Oct 2025.
Mooring USA
Private equity- Owner
- Crossplane Capital
- Headquarters
- Fort Worth, TX
- Scale
- Fort Worth headquarters plus branches in Austin, Houston and New Mexico
Crossplane's release says the deal completed Aug 7, 2025, but its portfolio page gives an April 2025 investment date. No add-ons were found. The portfolio page lists add-on criteria: commercial mitigation and restoration, and commercial HVAC duct cleaning, in the Southeast and Southwest. Mooring USA is not BMS CAT.
Right Restoration Partners
Private equity- Owner
- Percheron Capital
- Headquarters
- Atlanta, GA
- Scale
- Serves Southwest and Northeast markets (Oct 2024)
Percheron lists RRP as acquired June 2024 and launched it publicly in Oct 2024. The Royal Water Damage deal (Feb 10, 2026) comes only from PitchBook profile previews, and no press release was found. PitchBook's profile of the target links to royalwaterdamage.co, which gives a Willow Grove, PA address.
Summit Restoration Group
Private equity- Owner
- Point 41 Capital Partners
- Headquarters
- Cumming, GA
- Scale
- Brands in metro Atlanta, GA and Richmond, VA
Point 41 gives only 'Georgia' as the HQ. Cumming, GA comes from the dateline on Summit's May 2026 release.
Forge Restoration (Frontier Services Group)
Private equity- Owner
- Seaside Equity Partners
- Headquarters
- Houston, TX
- Scale
- Texas (Restoration XP, USA Restoration Pros) and Arizona (Steamy Concepts); count not disclosed
Seaside partnered with Houston-based Frontier Services Group in Nov 2023 and lists the holding as Forge Restoration. In Nov 2025 Forge merged its Texas brands under the Frontier Services Group name. It is not the Hong Kong-listed Frontier Services Group Ltd.
Liberty Restoration Group
Private equity- Owner
- MBN Brands, Petra Capital Partners and SharpVue Capital
- Headquarters
- St. Louis, MO
- Scale
- 8 markets across Missouri, Illinois, Wisconsin, Ohio and Kentucky
A franchisee running ServiceMaster Restore in several markets. It launched through a joint majority investment by MBN Brands (a multi-brand franchising platform) and SBIC funds Petra and SharpVue. The investors' individual stakes are not given. It is not related to the Utah Liberty Restoration that merged into BluSky.
SERVPRO Global DRT (formerly SERVPRO West Coast DRT)
Private equity- Owner
- Orangewood Partners
- Headquarters
- Encino, CA
- Scale
- Not disclosed
A SERVPRO franchisee, so its add-ons are other SERVPRO franchisees. No 2025-2026 deals or sale were found.
Southeastern Restoration Holdings
Private equity- Owner
- Azalea Capital
- Headquarters
- Not disclosed
- Scale
- Rainbow Restoration franchises in Greenville, Spartanburg, Columbia, Charleston, Hilton Head and Myrtle Beach, SC; Asheville, NC; Savannah, GA; Richmond, Charlottesville and Harrisonburg/Staunton, VA
A group of Rainbow Restoration (Neighborly) franchisees. Azalea formed it in May 2025 by combining ASAP Response with Rainbow Restoration of Greenville, then added Old Dominion in Dec 2025.
Midwest Remediation
Private equity- Owner
- CID Capital
- Headquarters
- Indianapolis, IN
- Scale
- Not disclosed
CID lists Midwest Remediation as partnered in 2023 and active.
Endurant Disaster Recovery
Private equity- Owner
- Compass Group Equity Partners
- Headquarters
- Not disclosed
- Scale
- Brands in Atlanta, GA (Parker Young) and Memphis, TN (McCabe); about 150 employees across the Southeast
Added in this pass. Compass's portfolio page lists it as partnered in 2024, but the platform's formation was announced in May 2025. No add-ons after the founding two were found.
Rewind Restoration
Private equity- Owner
- LP First Capital (co-investment from Align Collaborate)
- Headquarters
- Not disclosed
- Scale
- Not disclosed
A new platform, and Icon is its first acquisition. LP First Capital is based in Austin. Align Collaborate backs sponsors that raise capital one deal at a time. Icon Restoration (MI) is not Icon Property Rescue (OH).
Merit Restorations
Private equity- Owner
- Brenton Point Capital Partners (growth investment; co-founder retains an ownership stake)
- Headquarters
- Purcellville, VA
- Scale
- Virginia, West Virginia and Texas
Brenton Point's stake size is not disclosed. The HQ comes from the GearClean release.
Selling in your state?
What restoration businesses sell for, who is buying, and how many there are, state by state.
Frequently asked
Who is buying water, fire and mold restoration companies?
Mostly platforms backed by private equity. Buyers active since 2024 include Guardian Restoration Partners (Alpine Investors, 14 acquisitions from April 2024 through 2025), American Restoration (Morgan Stanley Capital Partners), Fortify Companies (Summit Partners), BMS CAT (AEA Investors), Summit Restoration Group (Point 41), Forge Restoration (Seaside Equity Partners) and Right Restoration Partners (Percheron). ATI Restoration (family-run, backed by TSG Consumer Partners) and publicly traded FirstService, which owns First Onsite and Paul Davis, also bought companies in 2024.
What multiple will my restoration company sell for?
Restoration Brokers of America's Q2 2025 update puts adjusted-earnings multiples at 2x to 3x for $100K to $500K of earnings, rising to 6x to 7.5x above $3M. Peak Business Valuation reports average multiples of 2.34x to 3.55x seller's discretionary earnings (SDE) and 3.24x to 4.31x EBITDA. Breakwater M&A cites 3x to 4x EBITDA for small owner-run shops and 6.5x to 8x for platform-ready companies.
What makes a restoration company worth more to a buyer?
Breakwater M&A says mitigation-led companies earn premiums over reconstruction-heavy ones, diversified referral sources price best, and Xactimate-fluent estimators are the scarce talent. It adds that heavy reliance on one third-party administrator (TPA) program, or on the owner's personal carrier relationships, leads buyers to demand more earnout. HedgeStone says businesses with documented systems and low owner dependency reach the top of the range.
How much of the price is paid at closing?
Breakwater M&A's 2026 report says sellers should expect 65% to 75% cash at close. Earnouts tied to carrier-program retention and revenue sustainability cover the rest over 12 to 24 months.
Do I have to sell all of my company?
Not always. When Brenton Point Capital Partners made a growth investment in Merit Restorations in June 2026, co-founder Casey Chapman kept an ownership stake. TSG Consumer Partners invested in ATI Restoration in 2020 and the Moore family retained ownership. Knox Lane bought a majority stake in HighGround Restoration Group in March 2025, and Solid Restoration's founder kept a significant stake when Timoneer took a majority in February 2024.
Are restoration franchisees being acquired too?
Yes. Liberty Restoration Group, a ServiceMaster Restore franchisee, bought ServiceMaster of Columbia (MO) in April 2026 and ServiceMaster Restoration Services by KRS (Peoria and Bloomington, IL, and Milwaukee) in August 2026. Hidden River invested in ServiceMaster of Tacoma in January 2025. Orangewood-backed SERVPRO Global DRT bought Live Oak Restoration in Charleston, SC in March 2024. Azalea Capital added Rainbow Restoration franchisees ASAP Response (May 2025) and Old Dominion (December 2025) to Southeastern Restoration Holdings. Paul Davis also bought back its own Cleveland and Akron franchise in April 2026.
Methodology & sources
Compiled in October 2026, then checked adversarially. The check re-read every cited platform, deal, market and multiples source: sponsor portfolio pages, deal press releases, restoration trade press (R&R, C&R, Cleanfax), and EdgePoint's flash report built on PitchBook data. Every platform owner was re-checked for a 2025-2026 sale or recap, and about 35 more Parallel searches looked for missed consolidators. Multiples come from four published broker and valuation sources. American Restoration's own brand directory gives only the year a brand partnered (2024-2026), so the 15 deals taken from it have a blank month.
Multiple sources
- Restoration Brokers of America, Restoration Market Update Q2 2025 ↗
- Peak Business Valuation, Valuation Multiples for a Restoration Company ↗
- Breakwater M&A, Restoration M&A Market Report 2026 ↗
- HedgeStone Business Advisors, Water Damage Restoration Business Valuation ↗
Market sources
- IBISWorld, Damage Restoration Services in the US: market size ↗
- IBISWorld, Damage Restoration Services in the US: number of businesses ↗
- EdgePoint Capital Advisors, Restoration & Remediation Flash Report, Dec 2024 ↗
- Alpine Investors, 2025 Year-in-Review ↗
Last updated October 6, 2026. Platform ownership last verified October 6, 2026. Ownership in this sector changes frequently; figures reflect the most recent public sources available and are not investment, legal, or tax advice.
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