MEMPHIS, Tenn. — Redwood Services, a national platform in the home services sector, announced a significant investment by Altas Partners.
The transaction, expected to close in the second quarter pending regulatory approvals, marks the expansion of Redwood’s investor group alongside founding backer Union Main Group, a press release from Redwood said.
Redwood supports more than 2,500 employees and generates more than $500 million in annual revenue. Over the years, Redwood has built a proven partnership model and a national platform — with an emphasis on scaling with discipline, preserving culture, and driving and supporting consistent performance across its brands, the press release said,
“Altas is the ideal partner as we embark on our next phase of growth,” said Richard Lewis, Redwood’s founder and CEO. “We’ve built a nationwide, people-first platform that empowers elite contractors through local alignment and world-class support. Our partner support center helps our partners unlock their full potential, enabling them to deliver exceptional service and build lasting customer relationships. We’re proud of what we’ve built, and we’re just getting started.”
The investment will enable Redwood to strengthen its infrastructure, expand strategic partnerships, accelerate acquisitions across the U.S., and continue to help its local brands operate at a high level, the press release said.
“Altas shares our vision and deeply values what we’ve built,” said Adam Hanover, co-founder and CEO of Union Main Group and chairman of Redwood’s board of directors. “Their experience scaling businesses from our size to several times larger — combined with their genuine respect for Redwood’s culture, partnership model, and partner support center team — make them an ideal partner for this next chapter. We’re excited to welcome them to the team.”
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