The founders of SLATE advised Arvada, Colorado-based Reconstruction Experts Inc. (RE) on its recapitalization by Linx Partners, an Atlanta, Georgia-based private equity investor.
Founded in 2001, RE is a preferred one-stop provider of property reconstruction, remodeling, repair, and maintenance services. The company provides its services primarily to homeowners’ associations (HOAs) in Colorado, California, and Texas. The HOA market is extremely large, as HOAs manage a combined $40 billion in operating revenue and currently maintain approximately $35 billion for long-term repair and maintenance needs. RE is recognized as the leader in the HOA property services market within its current geographic footprint and has performed more than 5,000 projects for hundreds of HOAs.
The company’s partnership with Linx will provide RE with a significant amount of additional resources that will be used to drive further organic growth in existing and new markets as well as to capitalize on targeted, strategic acquisition opportunities. “RE has identified and tapped an attractive market segment and put into place the comprehensive service offering and unique capabilities required to successfully serve that market. In partnership with Linx, the company is now poised to continue its rapid growth, ultimately serving HOAs across the country,” said Jason Munoz, co-founder at SLATE.
As RE’s exclusive financial advisor, the founders of SLATE managed all aspects of the recapitalization process. “The founders of SLATE’s team took the time to really get to know Reconstruction Experts—our business, team and clientele. They reviewed numerous potential transaction alternatives with us and ultimately created a strategy and process that maximized value for RE shareholders while identifying the best long-term financial partner in Linx. I can’t imagine this deal getting done without the industry and M&A expertise of the founders of SLATE,” remarked Drew Anderson, chief executive officer of RE.
RE received legal advice from Darren Hensley, a shareholder in the Denver office of Polsinelli PC, and was supported by a team of accountants out of EKS&H’s Denver office.
