- August 15, 2017
- Client Engagements
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FOR IMMEDIATE RELEASE
LCG Advises Kustom US on its Recent Acquisition of Abracadabra Restoration
Tampa, FL (August 15, 2017) – LCG Advisors (“LCG”) is pleased to announce the recent acquisition of Tucson-based Abracadabra Restoration (“Abracadabra”) by Kustom US (“Kustom”), a national property restoration firm headquartered in Orlando, FL. Terms of the deal were not disclosed.
LCG was retained on an exclusive basis to assist with Kustom’s acquisition strategy in North America. “The successful completion of the Abracadabra acquisition is another key milestone to Kustom’s goal of building its national footprint through acquisitions of established market leading companies,” said LCG Managing Director Jay Clark.
The acquisition marks Kustom’s expansion into the South Mountain region of the United States. Kustom will now boast a physical presence in 13 states while servicing clients in all 50 states. “Abracadabra’s passionate staff and diverse skill set coupled with their deep understanding of the restoration process makes them a valuable addition to the Kustom family,” says Andrew Zavodney, Chairman and CEO of Kustom. “Their 36-year history in the Tucson market will continue to help us grow as a customer focused partner in disaster restoration.”
With offices in Tampa, LCG is a boutique investment banking firm that assists companies in a wide range of transactions including mergers and acquisitions, corporate debt placements, growth capital, management and leveraged buyouts, and transaction advisory services. LCG has a reputation for handling complex transactions and has built relationships with some of the nation’s largest funding sources, including banks, specialty financing companies, hedge funds, and private equity firms.
For more information regarding LCG Advisors, LLC and its affiliate LCG Capital Advisors, LLC, a FINRA registered broker-dealer and SIPC member firm; please call (813) 226-2800 or visit www.lcgadvisors.com.
KUSTOM US ENTERS INTO ARIZONA MARKET FOR THE FIRST TIME BY ACQUIRING ABRACADABRA RESTORATION
The privately owned firm welcomes the Tucson-based company into its division of restoration services
Orlando, FL (August 11, 2017) – Kustom US (“Kustom”), one of the leading property restoration companies in North America, is pleased to announce it has acquired Abracadabra Restoration (“Abracadabra”), a Tucson-based, locally owned and operated residential and commercial turn-key contractor serving southern Arizona for over 36 years. Terms of the deal were not disclosed; however, the firm will still retain its name and branding, but will be operating as a division of Kustom.
In 1981, Breck Grumbles – CR, CMRS founded Abracadabra Restoration. Since then the company has provided the Tucson community with specialized services in 24-Hour emergency restoration of water, fire and mold damaged and has developed the most efficient system for residential and commercial water damage restoration services available in the market. The company’s knowledgeable team and exceptional customer service is what makes Abracadabra a valuable partner in joining the Kustom family.
“Abracadabra’s passionate staff and diverse skill set coupled with their deep understanding of the restoration industry makes them a valuable addition to the Kustom family,” says Andrew Zavodney, Chairman and CEO of Kustom. “Their 36-year history in the Tucson market will continue to help us grow as a customer focused partner in disaster restoration.”
Kustom, founded in 1968, is a Florida-based national property restoration firm. As part of their strategic long-term plan, Kustom is planning a series of acquisitions and division partnerships that will help them accelerate their brand recognition and customer reach in North America. The acquisition of Abracadabra will not only help Kustom expand its restoration service footprint to the entire state of Arizona, but will benefit the entire Abracadabra team.
Additionally, Abracadabra’s Breck Grumbles has announced his retirement after 37 years in the business. Travis Christensen, who has served as General Manager for the past 10 years will be taking an ownership position within the newly acquired division. Kustom is also excited to announce that the entire Abracadabra leadership team, including all employees will remain in place as well.
“After an extensive search for the right fit for both our employees and the Tucson community, we believe Kustom’s family owned and operated approach to property restoration will help us continue our tradition of local ownership and bring valuable resources that will help us serve the entire state of Arizona,” says Travis Christensen.
About Kustom US
Founded in 1968 by Andrew Zavodney, Kustom US (www.kustom.us) is a nationally acclaimed and industry-leading property restoration firm that provides unparalleled services to local, regional and national clients. Kustom US specializes in providing turn-key rapid response services to ensure the uninterrupted continuation of residential and business operations following a property loss event. Over the past 48 years, Kustom US has demonstrated a deep understanding of operations to consistently exceed client expectations and continues to grow into one of the most adaptive, customer focused property restoration companies in North America.
About Abracadabra Restoration
Abracadabra Restoration, now a division of Kustom US, was founded in 1981 by Breck Grumbles. The firm specializes in 24-Hour emergency service for water, fire and mold damage. For over 36 years, Abracadabra has provided superior service and has developed the most efficient and professional system of residential and commercial water damage restoration services available in the Tucson community.