DENVER – SLATE Partners (SLATE) announced today that its Principals advised COCAT Restoration & Reconstruction LLC (COCAT) on its sale to Comprehensive Risk Services (CRS), a Phoenix-based restoration services provider.
Established in 1996, COCAT is a disaster restoration services provider offering a full spectrum of property restoration, reconstruction, renovation, and environmental hazard mitigation and abatement services to residential and commercial customers. By combining the latest technologies and state-of the-art restoration techniques with years of experience, COCAT delivers a full service, tailored response to each recovery process. Serving Colorado’s Front Range, COCAT’s team of highly trained and certified specialists have provided services to over 10,000 residential, multi-family, and commercial properties in the region.
Steve Sangalis, a founding Partner with Progress Equity Partners, COCAT’s financial investor prior to the sale, commented on the transaction, “SLATE was instrumental in identifying qualified strategic partners for COCAT. In addition, their industry knowledge was essential in helping the parties put together a transaction. We were pleased to have worked with COCAT over the years and believe CRS is the ideal partner for COCAT and its team moving forward.”
“As with the building products sector, building services companies are also seeing aggressive interest from other industry competitors looking to consolidate, as well as private equity investors seeking quality additions to existing portfolio companies,” commented Aaron Bachik, co-founder of SLATE.
“CRS and COCAT will be valuable partners, leveraging resources and relationships across common geographies to meet the robust demand for services among both commercial and residential customers in the Southwest,” added Jason Munoz, co-founder of SLATE.
COCAT received legal counsel from Locke Lord LLP.
