- March 15, 2018
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FOR IMMEDIATE RELEASE
LCG Advises Kustom US on its Recent Acquisition of Southern Property Restoration
Tampa, FL (March 15, 2018) – LCG Advisors (“LCG”) is pleased to announce the recent acquisition of Atlanta-based Southern Property Restoration (“SPR”) 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 SPR acquisition is another key milestone to Kustom’s goal of expanding its national footprint through acquisition of established market leading companies,” said LCG Managing Director Jay Clark.
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 ACQUIRES SOUTHERN PROPERTY RESTORATION
Acquisition of Atlanta-based disaster recovery and property restoration firm expands Kustom’s portfolio in Southeast
Orlando, FL (March 12, 2018) – Kustom US (“Kustom”), one of the leading property restoration and recovery firms in North America, has acquired Southern Property Restoration (“SPR”), an Atlanta-based, locally owned and operated, full-service disaster response and restoration company with a combined 75 years of professional disaster mitigation and reconstruction experience. Terms of the deal were not disclosed.
“This acquisition will help diversify our customer base and build upon our already successful presence in the greater Atlanta market by providing customers with more resources in their time of need,” says Andrew Zavodney, Chairman and CEO of Kustom.
Southern Property Restoration was acquired by Kustom as part of the firm’s strategic long-term expansion plan in helping accelerate growth nationwide. Southern Property Restoration currently provides turnkey disaster recovery and property restoration services to both residential and commercial clients. This acquisition will help position Kustom as one of the largest, nationally-acclaimed property restoration firms in North America.
“We have an extensive knowledge of the Atlanta market, so by joining the Kustom family, we now hold the capabilities of a more expansive impact within our community,” says Craig O’Riordan, Owner of Southern Property Restoration. “The decision to be acquired by Kustom was a natural fit in that our company core values aligned perfectly.”
Southern Property Restoration’s leadership team, made up of Craig O’Riordan Co-Founder and Owner, as well as all staff members will remain in place.
About Kustom US
Founded in 1968 by Andrew Zavodney, Kustom US (“Kustom”) (www.kustom.us ) is a nationally acclaimed and industry-leading property restoration firm that provides unparalleled services to local, regional and national clients. Kustom 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 50 years, Kustom 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 Southern Property Restoration
Southern Property Restoration (“SPR”), now Kustom US, is an Atlanta-based, privately-owned property restoration and disaster recovery firm servicing the greater Atlanta area. SPR works with property owners and insurers to clean and repair residential and commercial properties. With a combined 75 years in professional disaster mitigation experience, SPR is one of the leading firms in the region.