Redwood Services Announces Investment in Allbritten Plumbing, Heating and Air Conditioning Services | Your Money
MEMPHIS, TN, Jan. 20, 2022 (GLOBE NEWSWIRE) — Redwood Services (“Redwood”), a home services company focused on investing in leading residential HVAC, plumbing and electrical service companies in growing U.S. markets, today announced its investment in Allbritten Plumbing, Heating and Air Conditioning Service (“Allbritten”).
Founded in 1932, Allbritten provides plumbing, heating and air conditioning services to homeowners in the Fresno, California area. Allbritten’s award-winning service, dedicated team of loyal employees and high customer ratings have made it one of the Central Valley’s most trusted brands.
Jerry Unruh, President of Allbritten, will retain a significant minority interest and become a management consultant. The Allbritten team, led by General Manager and new President Andrea Johnson, will continue to operate and manage the business under the Allbritten banner and name. Redwood will provide operational, strategic and financial support to Allbritten with the capital and resources to support Allbritten’s growth in the Fresno marketplace.
Allbritten represents Redwood’s third platform investment, following the firm’s December 2020 investment in Tucson-based Rite Way Heating, Cooling and Plumbing and June 2021 in Virginia-based DC-based John C. Flood. With the investment in Allbritten, Redwood expands its reach across the US Southwest and East Coast to the West Coast to build a national network of premier home services businesses.
“Over the course of their 90-year tenure, Allbritten has earned a proud reputation for outstanding customer service and trusted performance, thanks to their commitment to putting people first,” said Richard Lewis, CEO of Redwood Services. “We know this commitment will propel the company into a new era of growth and we look forward to helping Andrea, Jerry and the entire Allbritten team achieve that when we join them in our Redwood Welcoming family.”
“Here at Allbritten we take great pride in hiring true professionals who share our commitment to do everything we can for our clients. We then work tirelessly to care for these employees so that they feel that we are investing in them as much as they are investing in us,” said Andrea Johnson, general manager and new president of Allbritten.
“Unlike other companies that have approached us about a partnership over the years, we saw Redwood as a like-minded partner with the same people-centric values as well as a wealth of operational and strategic expertise that will help us take our business to the forefront next level,” Johnson added. “The biggest beneficiaries of this partnership will be our employees, who will have another trusted team in their corner, and the Central Valley homeowners, who will have a reliable and affordable service provider for years to come.”
About Redwood Services: Founded in 2020 by Richard Lewis, Redwood Services is building a family of human-operated home services businesses dedicated to improving the homeowner experience and actively investing in key home services companies in the HVAC, plumbing and electrical sectors in the United States States. Visit RedwoodServices.com for more information.
Redwood Services announces investment in Allbritten plumbing, heating and air conditioning services
Jamie Lovegrove Redwood Services (301) 529-5085 [email protected]
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