Apogee Equity Partners announces sale of Rainbow Restoration of Greenville
September 12, 2024
Apogee Equity Partners, a leading Mergers and Acquisitions advisory firm for privately held businesses, announced the successful sale of Rainbow Restoration of Greenville, SC (Rainbow) to Azalea Capital, a Greenville-based private investment firm.
Rainbow, a Neighborly® franchisee, is a prominent provider of home and commercial restoration services in the Upstate region of South Carolina. The company offers a comprehensive range of services, including water, smoke, and fire damage restoration, mold removal, and full-scale reconstruction. Founded in 1999 by John Wheeler, Rainbow Restoration has established itself as a leader in the industry. Wheeler will continue to serve as CEO and remain a shareholder in the company.
“Working with Apogee Equity Partners has been an outstanding experience, ” said Wheeler. “Their team took the time to truly understand our business and its unique value, ultimately working with the perfect buyer who shares our vision for Rainbow’s future. Apogee’s professionalism, expertise, and dedication to securing the best possible outcome for us were evident throughout the entire process. This partnership with Azalea Capital will allow us to expand our reach and continue providing top-tier service across the Upstate of SC for years to come.”
David Yezbak, President of Apogee Equity Partners, represented the seller, John Wheeler, in this transaction. “ John Wheeler and his team have built a remarkable company over the past two decades, delivering exceptional services while genuinely caring for clients during their most difficult moments,” said Yezbak. “This transaction was about more than just finding a buyer; it was about securing a partner who truly appreciates and values the company’s legacy. We are excited to see them flourish under this new partnership.”
The successful sale of Rainbow Restoration is a testament to Apogee Equity Partners’ deep expertise in franchise transactions and its unwavering commitment to delivering exceptional outcomes for its clients.
About Apogee Equity Partners
Apogee Equity Partners is a boutique Mergers and Acquisitions advisory firm dedicated to helping business owners sell their company for the maximum market price. With decades of experience, Apogee provides comprehensive guidance and support throughout the entire transaction process. Their team of experienced professionals brings a wealth of knowledge and strategic insight to each transaction, guaranteeing clients the highest level of service and expert guidance.
About Azalea Capital
Azalea Capital is a private investment firm headquartered in Greenville, SC. Azalea partners with entrepreneurs, management teams, and family-owned companies by providing investment capital and operating expertise to enhance the long-term value and growth prospects for each investment. Azalea’s primary focus is to invest in companies located in the Southern and Midwest regions of the U.S., which operate in the Food, Consumer, Ag, Pet, and Industrial markets.
About Rainbow Restoration®
Rainbow Restoration®, a Neighborly® company, is a global franchise providing residential and commercial restoration and cleaning services from more than 400 locations worldwide. Established in 1981, Rainbow Restoration® is part of Neighborly®, the world’s largest home services company, with more than 30 brands and 5,500 franchises in six countries that have collectively served 14 million+ customers by repairing, maintaining, and enhancing their homes and businesses.
