Redwood Providers Invests in Twin Cities Contractor

MEMPHIS, Tenn. — Redwood Providers, a house companies agency targeted on investing in main residential HVAC, plumbing, and electrical companies firms in rising markets, has invested in Minnesota-based Dean’s Dwelling Providers.

Dean’s was based in 1996 and serves the Minneapolis-St. Paul area with HVAC, plumbing, electrical, and sewer and drain companies. Dean’s has greater than 120 staff and serves greater than 10,000 clients yearly.

“Dean’s has skilled substantial enterprise progress in recent times, a mirrored image of their prudent decision-making and flexibility whatever the enterprise local weather,” stated Richard Lewis, CEO of Redwood Providers, in a press launch.

Dean’s homeowners Jeremy Shepard and Stephanie Olson will retain a minority possession stake as a part of the take care of Redwood, the press launch stated. The Dean’s workforce will proceed to function and handle the enterprise beneath the Dean’s banner and identify, whereas Redwood will supply operational, strategic, and monetary assist to boost the corporate’s progress, the press launch stated.

“We now have identified and have been coached straight by a number of members of the Redwood workforce for years. And whereas we had confidence in these people and a need to work with them each day, we additionally noticed Redwood earn a repute out there during the last a number of years as a premier platform to accomplice with in constructing a best-in-class operation,” stated Shepard, president of Dean’s. “Now that we’re formally a part of the Redwood household, we sit up for working with among the brightest minds within the trade as we proceed on our journey.”

Dean’s is Redwood’s fifteenth platform funding.