Redwood Providers (“Redwood”), a property companies company concentrated on investing in major residential HVAC, plumbing and electrical companies firms in increasing U.S. markets, today declared it has invested in Assistance Additionally Heating, Cooling and Plumbing (“Service Plus”).
Provider Additionally was established by Chris and Emily Cunningham in 2003 and has grown to grow to be a top provider of residential HVAC and plumbing products and services throughout the bigger Indianapolis area with 80 workforce serving 7,300 prospects and 18 communities.
“The Provider Plus team has a enthusiasm for currently being a men and women-centered small business and that enthusiasm has led to excellent provider and a tenured group of professionals, positioning them nicely for continued expansion,” explained Richard Lewis, CEO of Redwood Products and services. “Their competitive staff incentives and neighborhood involvement have established a tradition that genuinely feels like spouse and children. We are delighted to welcome them to the Redwood family members and enthusiastic to aid their subsequent phase of expansion.”
As component of the expenditure, Chris and Emily Cunningham, co-founders of Service In addition, will keep a major minority ownership stake. The Support As well as crew, led by Chris and Emily, will proceed to run and control the business beneath the Assistance In addition banner and name, though Redwood gives operational, strategic and economical assist to enrich the company’s progress in the increased Indianapolis region.
“Chris and I have normally labored with each other — we share a desk, and even our small children function for the company in the summer months,” said Emily Cunningham, Basic Manager of Assistance Additionally. “Service Moreover is a legitimate relatives business. We take care of our folks, and pride ourselves on offering 5-star services and 5-star occupations.”
“Redwood understands and shares our cultural values of remaining a people today-concentrated business,” reported Chris Cunningham, President of Service Moreover. “Our purpose is to grow our staff by 30% this yr and incorporate at least 15 new positions within just the organization. With Redwood’s help, we will continue on to execute our development initiatives in the pursuit of servicing even more prospects and using even extra men and women.”
Company Moreover marks Redwood’s fifth enterprise investment in general, pursuing the company’s investments in Cincinnati-based Arlinghaus, Fresno-primarily based Allbritten, D.C.-based John C. Flood, and Tucson-centered Rite Way. With the expense in Assistance In addition, Redwood expands its attain from the two coasts further into the Midwest as it seeks to make out a nationwide network of premier house products and services corporations.
About Redwood Products and services: Founded in 2020, Memphis-centered Redwood Expert services is constructing a family members of men and women-centered crucial home assistance organizations, actively investing in the HVAC, plumbing and electrical trades all over the United States. Redwood operates brands in the Arizona, D.C., Maryland, Virginia, California, Ohio, Kentucky and Indiana markets as it seeks to establish out a countrywide dwelling expert services system. For much more facts, take a look at RedwoodServices.com.