Mark Wethington, President of B&J, will retain a big minority possession stake as a part of the funding. The B&J crew will proceed to function and handle the enterprise underneath the B&J banner and identify, whereas Redwood will provide operational, strategic and monetary assist to boost the corporate’s development.
“Mark and his son Travis have demonstrated large enterprise development over the previous couple of years. B&J is a acknowledged and trusted model with robust buyer satisfaction scores, which is a testomony to the tradition they’ve constructed and their dedication to persevering with the household legacy,” mentioned Richard Lewis, CEO of Redwood Companies. “B&J is a good match within the Redwood Household and we sit up for accelerating the enterprise collectively within the coming years.”
“My crew right here at B&J is unimaginable, however I’ve led them so far as I can alone,” mentioned Mark Wethington. “I’m past assured that Redwood and their unmatched trade experience is the suitable Companion to assist us obtain our full potential. We’re blessed to now be part of the Redwood household and I couldn’t be extra excited concerning the future.”
B&J is Redwood’s twelfth platform funding, following investments in Albuquerque, N.M.-based Signature; New Orleans-based Keefe’s; Memphis, Tenn.-based Greatest Care; Kent, Ohio-based Apollo; Jackson, Miss.-based Atmosphere Masters; Phoenix-based Plumbing Medic; Indianapolis-based Service Plus; Cincinnati-based Arlinghaus; Fresno, Calif.-based Allbritten; Washington, D.C.-based John C. Flood; and Tucson, Ariz.-based Ceremony Method.
Based in 2020, Memphis-based Redwood Companies is constructing a household of people-focused important residence service corporations, actively investing within the HVAC, plumbing and electrical trades all through america. Redwood operates manufacturers within the Arizona, D.C., Maryland, Virginia, California, Kentucky, Indiana, Mississippi, Ohio, Tennessee, Alabama, and Louisiana markets because it continues to construct out a nationwide residence providers platform.
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