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BMS Cat acquires Jarvis Property
Posted on Wednesday, 08 July 2020 06:57
BMS Cat has bought US-based full-service restoration company Jarvis Property Restoration for an undisclosed.
Following the transaction, the target’s former owner Bill Jarvis and Matt Jarvis, will remain with the group in a leadership role and assist with the integration of the two businesses.
The acquisition will strengthen BMS Cat’s national footprint and increase the company’s presence throughout Florida.
Established in 1979, Jarvis Property provides disaster recovery and restoration services for customers across the commercial, government and residential segments.
The group carries out demolition and mould remediation operations, as well as temporary roof repairs and water extraction in the event of a fire or a storm.
Jarvis Property offers planning and disaster recovery programmes, which allows business owners and government agencies to respond quickly to an emergency and reduce damage caused by power interruptions, smoke and bad weather.
The company maintains a fleet of cleaning and recovery equipment, including generators, air-movers, scrubbers and semi-mounted desiccant dehumidifiers.
Jarvis Property operates from three locations in the US, namely Michigan, Florida and Iowa.
Matt Jarvis noted: “By staffing highly-trained professionals, we can become the leading experts in the disaster restoration industry”.
Formed in 1948, BMS Cat provides restoration and reconstruction services to customers worldwide.
Its operations, which deal with fire, storm and water damage, include the ventilation of structures, the drying out of affected areas and the removal of destroyed or unsalvageable items.
The group also carries out document recovery and transport disaster response services for clients.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been 87 deals targeting commercial and institutional building construction operators announced globally in 2020 to date.
In the largest of these, Obayashi Corporation injected GBP 320.00 million into Obayashi Properties.
© Zephus Ltd