Houlihan Lokey Advises 24 Restore

Houlihan Lokey is pleased to announce a strategic acquisition of 24 Restore NE, LLC (24 Restore) by Cotton Holdings, Inc. (Cotton), a portfolio company of Sun Capital Partners, Inc. (Sun Capital). The transaction closed on December 21, 2023.

24 Restore is the leading full-service restoration partner for commercial and residential properties throughout New England. The company’s experienced team of highly trained industry professionals approach each customer with personalized attention, compassion, and integrity.

Cotton is a leading infrastructure support services company with subsidiaries that conduct business under the Cotton Global Disaster Solutions, Cotton Roofing, Cotton Logistics, Cotton Culinary, Stellar Commercial Roofing, Full Circle Restoration and Construction Services, Advance Catastrophe Technologies, and Target Solutions brands. Headquartered in Houston, with an international logistics center and regional offices throughout North America, Cotton provides property restoration and recovery, construction, roofing, consulting, infrastructure support services, and culinary services to public and private entities worldwide.

Houlihan Lokey served as the exclusive financial advisor to 24 Restore. The deal team assisted in all aspects of structuring, valuing, and negotiating the transaction. This deal highlights Houlihan Lokey’s leading position and continued success advising clients in the facility and residential services sector.