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Thursday, Oct 03, 2019
PUROCLEAN’S MAJORITY OWNERS ANNOUNCE ACQUISITION
CEO & Chairman Mark W. Davis and Vice Chairman Frank Torre Now 100% Owners of Restoration and Remediation Franchise; Company Celebrates Four-Year Transformation
Tamarac, FL – (October 3, 2019) – PuroClean today announced that CEO and Chairman Mark W. Davis and Vice Chairman Frank Torre - who have served as majority owners for the past four years - are now 100% owners of the PuroClean franchise system, finalizing their acquisition of the business. The announcement comes as the duo celebrates a successful four-year transformation, revitalizing what is now the nation’s top-performing, fastest-growing restoration and remediation franchise.
“When Frank and I joined the PuroClean family, we saw the potential for incredible growth – growth we are experiencing firsthand today. We knew that the synergies between our sister company, Signal Restoration Services, and the PuroClean franchise model would create a powerful, impactful partnership,” said Davis. “We remain tirelessly devoted to maintaining the servant leadership culture we have demonstrated over the last four years and further developing PuroClean into a World Class brand.”
In September 2015, Davis and Torre acquired PuroClean, launching an aggressive brand overhaul, with the goal to improve company culture, create new programs and expand the franchise’s footprint. Under their leadership, PuroClean has experienced tremendous growth, including doubling system-wide sales and signing 100+ new franchise agreements, expanding their presence into new communities throughout the US & Canada. Davis and Torre acquired the remaining 20% of the brand from the company’s prior owners, making them sole owners of the franchise system.
“As I look back on what we’ve accomplished under Mark and Frank’s ownership, one thing that is crystal clear to me is that, with the vision, leadership, and resources they provided, PuroClean has reemerged as a well-respected franchise brand and earned unparalleled satisfaction and loyalty from our franchise owners and our clients,” said Steve White, President & COO at PuroClean. “Together as ONE TEAM, I know that we can achieve great things, and that we are well on our way to reaching 500 locations in the United States and Canada.”
PuroClean has become one of the fastest-growing restoration franchise companies in the nation. Each year, PuroClean performs thousands of jobs throughout the United States and Canada, providing restoration services from common to large-scale disasters.
Known as the “Paramedics of Property Damage®,” PuroClean provides water damage remediation, flood water removal, fire and smoke damage remediation, mold removal, and biohazard cleanup to commercial and residential customers. Founded in 2001, PuroClean has a comprehensive network of 290+ franchise offices across North America. PuroClean technicians are thoroughly screened, insured, and trained in utilizing the latest in mitigation technology and procedures, while operating under a strict code of ethics. Each PuroClean office is independently owned and operated.