Houlihan Lokey Advises SERVPRO® West Coast DRT
Houlihan Lokey is pleased to announce that One Silver Serve, Inc., dba SERVPRO® West Coast DRT (WCDRT), a leading SERVPRO franchisee and provider of residential and commercial property cleaning, restoration, and reconstruction services, has received a strategic investment from Orangewood Partners LLC (Orangewood). The transaction closed on December 18, 2023.
Founded in 2015 and headquartered in Encino, California, WCDRT has become one of the largest franchisees of SERVPRO, the most well-recognized property restoration brand in North America, developing a reputation as a highly efficient, effective, and respected operator focused on providing excellent customer service. WCDRT operates licensed franchise territories in the greater Los Angeles metro area and partners with national corporations and property owners to provide real-time restoration and reconstruction support. WCDRT has been ranked in the top 2% of all SERVPRO’s franchises every year since 2017 and was recognized as the 2021 Franchise of the Year by SERVPRO. As one of SERVPRO’s 12 designated Extreme Response Team franchises, WCDRT is equipped to handle very large commercial losses and can quickly mobilize in the event of storms or other catastrophic events.
Founded in 2015, Orangewood is a New York-based private investment firm with a long-term approach. Orangewood targets control investments in lower-middle-market, founder-led, family-owned businesses in noncyclical and fragmented industries within business services and consumer services.
Founded in 1967 by the Isaacson family, SERVPRO is a leading national franchisor of residential and commercial fire and water damage restoration services. Since its founding, SERVPRO has now grown to more than 2,100 franchisees in the United States and Canada. In 2019, investment funds affiliated with Blackstone acquired a majority stake in SERVPRO.
Houlihan Lokey served as the exclusive financial advisor to WCDRT.
This transaction exemplifies the continued success of Houlihan Lokey’s coverage of the facility and residential services and franchising sectors.
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