DETROIT–(BUSINESS WIRE)–Leading middle-market private equity firm Huron Capital announced today that its portfolio company, 1-800 Hansons, a premier provider of residential repair and renovation services with a focus on windows, roofing, siding, gutters, and one-day bath solutions, has acquired Paramount Builders. Established in 1991, Paramount is an established home repair provider based in Virginia Beach, Virginia, serving homeowners throughout the Mid-Atlantic and Southeastern United States with a comprehensive offering of renovation products and solutions.
The Paramount acquisition accelerates Hansons’s strategy to become one of the fastest growing residential repair and renovation platforms within the United States, expanding the platform’s presence into two highly attractive geographies. Following the acquisition, the combined Hansons platform will operate 23 branches across 14 states within the Midwest, Mountain West, Mid-Atlantic, and Southeast regions.
“Hansons is excited to partner with the Paramount team to continue our path towards becoming the provider of choice for residential repair and renovation services in the United States,” said Joe Stackhouse, CEO of Hansons. “Paramount has developed a strong brand presence through its sophisticated marketing capabilities, full suite of exterior and interior solutions, and best-in-class service delivery that offers strong alignment with Hansons’ capabilities and market-leading position.”
“Hansons’ well-earned reputation in the renovation and repair industry, Joe’s commitment to employees and culture, and the Company’s differentiated technology-enablement extended across its branches made them the ideal partner for our team,” said Ed Augustine, President and CEO of Paramount. “We are enthusiastic for our partnership with Hansons that will further support Paramount’s next chapter of growth both organically and via acquisition.”
“Over the past two years, the Hansons team has been exceptional at driving growth through expanding its offering of home renovation solutions and successfully launching six organic branches within adjacent geographies,” said Brian Rassel, Partner at Huron. “Paramount has developed a long-standing brand within its served markets and has experienced similar success from new product launches and geographic expansion. We are thrilled to partner with Ed and the rest of the team to strengthen their position in the market through utilizing Hansons’ sophisticated technology platforms, applying a best-in-class omni-channel marketing strategy, and enhancing their existing service offerings.”
Honigman LLP served as legal advisor and Moss Adams LLP served as financial diligence advisor to Hansons and Huron. Angle Advisors served as the exclusive investment banking advisor to Paramount.
About Huron Capital
Huron Capital brings a people-first and thematic approach to private equity investing within the Facility Services, Infrastructure Services, and Residential Services sectors. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees.
Founded in Detroit in 1999, we partner with entrepreneurs and management teams, empowering their companies to new levels of excellence. We provide resources to help companies grow by professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets.
Huron Capital has managed over $1.9 billion on behalf of a global institutional investor base. We fulfill our commitment to all stakeholders by employing a repeatable playbook to drive thoughtful value creation, showcased in over 275 acquisitions since the firm’s inception.
About 1-800 Hansons
1-800 Hansons, based in Troy, Michigan, is a premier direct-to-consumer home repair and renovation provider, delivering a comprehensive portfolio of exterior and interior product solutions to residential customers. Hansons has served homeowners for over 30 years, completing installations for over 180,000 customers through its windows, roofing, siding, gutters, and one-day bath product offerings.