HighGround Strengthens Its Florida Footprint With The Acquisition of Expert Water Removal

February 07, 2023 09:03 AM Eastern Standard Time

IRVING, Texas–(BUSINESS WIRE)–HighGround Restoration Group, Inc., a portfolio company of Trivest Partners LP (“Trivest”), announces the acquisition of Expert Water Removal (“Expert Water Removal” or the “Company”) (https://expertwaterremoval.com/). Expert Water Removal is a leading property damage restoration company in West Florida, with headquarters in Bradenton, FL. The company provides emergency property damage restoration for property management, home builders, insurance carriers, HVAC companies, plumbers, and residential and commercial property owners throughout the Tampa Bay area, Sarasota, and Ft. Meyers. Expert Water Removal specializes in water damage restoration, mold remediation, and fire damage restoration, with a dedicated team that is available 24/7.

Current President Barry Nicks Jr. founded the company in 2006 after his first-hand experience with personal loss due to water damage. Under Barry’s leadership over the next 16 years, the company grew its reputation through integrity and a commitment to elevating the restoration industry’s performance, with leading-edge technology and a customer centric approach to growth.

“Expert Water Removal represents everything we could ask for in a partner brand. Barry and his team have done well by doing good for customers, employees, and referral partners. Adding Expert Water Removal in our Florida market is a force multiplier for HighGround,” stated HighGround CEO, Ben Balsley.

By joining the HighGround platform, Expert Water Removal keeps its business model, brand equity, and existing relationships intact, while tapping support, scale, and capital investments from HighGround to fuel growth. This support includes investments into demand generation, equipment, vehicles, technology, recruiting, employee development, and transformational reporting and analytics to streamline performance and identify additional growth opportunities.

“I was really impressed with HighGround’s leadership team and their accomplishments in growth and value generation with their existing brand platform,” stated Barry Nicks. “I felt they were the right partner for Expert Water Removal to continue delivering high quality property damage cleanup and repair services in our expanding markets. Their focus on strengthening founder-led brands fits well with our personal touch restoration services that our customers have depended on for the last 16 years.”

“We are pleased to partner with Expert Water Removal. They are a leader in terms of delivering outstanding restoration services to residential and commercial customers from Tampa to Fort Meyers, FL. Expert Water Removal is an excellent fit with the existing HighGround family of brands and provides an attractive opportunity to extend our platform’s reach in West Florida,” said Reid Callaway, Principal with Trivest.

This new addition to the HighGround family of brands grows the total brand count to ten, featuring the following restoration companies: Dry Force, Cleanup & Total Restoration (CTR), Power Dry, More Floods, Dririte, Northeast Power Dry, Same Day Restoration, PureDry Restoration, Rocky Mountain Restoration, and Expert Water Removal. These brands represent every region of the US, and HighGround is actively seeking to add brands and partner with founders that share its focus on people, service, and growth. If you are interested in learning more or joining the HighGround family of brands, reach out at [email protected] or visit www.highgroundnow.com.

About HighGround:

No one’s ever prepared for the chaos that comes with water, mold, fire, or smoke damage. And some contractors only make it worse. The property owner needs help from someone who knows what they’re doing – and who genuinely cares. And that’s why our family of brands come to work every day.

HighGround brands help customers who have suffered water or fire damage by providing 24/7/365 drying and clean up services coupled with reconstruction contracting, all while engaging with the customer’s insurance company to ensure seamless claims processing. Our brands have developed a robust referral program with residential and commercial partners by offering services such as hosted education and training, reporting and analytics, and competitive incentive compensation. This comprehensive approach allows HighGround to stay top of mind with these key referral relationships.

About Trivest:

Trivest Partners, with offices in Miami, Charlotte, Chicago, Los Angeles, Philadelphia, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the U.S. and Canada, in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 400 investments, totaling approximately $7 billion in value. The firm has roughly $4.5 billion in assets under management, with a growing team of 70 professionals. Learn more at www.trivest.com

Brian McNeal
[email protected]

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