CENTENNIAL, Colo., Aug. 15, 2018 /PRNewswire/ — Dominus Capital, L.P. (“Dominus”) and affiliates have completed their investment in BluSky Restoration Contractors, LLC (“BluSky”), which provides restoration, renovation, environmental and roofing services to all commercial and multifamily real estate classes across the U.S. and Puerto Rico. Management will be reinvesting alongside Dominus in the transaction to continue to participate in the ongoing growth of BluSky.
With an emphasis on large loss projects, BluSky’s employees bring experience and teamwork to anyone who owns or manages property, provides property insurance, or manages property insurance claims. The company was founded on the values of traditional craftsmen and family-owned businesses, driving superior customer service as embodied by BluSky’s 96 Proof philosophy – 96% of clients say, “I would hire BluSky again.”
“We are extremely grateful to our customers nationwide who are responsible for BluSky’s 14 consecutive years of sustained organic growth,” says Kent Stemper, CEO of BluSky.
“Over the past few months, our executive leadership team interviewed several private equity firms, and, in the end, the team chose exactly the right partner for BluSky, Dominus Capital. For us, our culture is paramount. Dominus clearly understood this. Their expertise in growing middle market firms and partnering with them on strategic acquisitions is exactly what is needed for us at this stage,” Stemper added.
Ashish Rughwani, Partner at Dominus, added “We are looking forward to partnering with Kent and the entire management team at BluSky. We are eager to apply our network and knowledge of the restoration and environmental remediation space to support the company’s strong organic growth potential and pursue add-on acquisitions in adjacent geographies and complementary service offerings.”
Terms of the transaction were not disclosed.
About BluSky Restoration Contractors, LLC
Centennial, Colorado-based, BluSky Restoration Contractors, LLC provides restoration, renovation, environmental and roofing services to all commercial and multifamily real estate classes across the U.S. and Puerto Rico. For more information, visit www.goblusky.com
