M&A Deal Summary

Authority Brands Acquires DRYmedic Restoration Services

On November 14, 2022, Authority Brands acquired safety/security company DRYmedic Restoration Services

Acquisition Highlights
  • This is Authority Brands’ 1st transaction in the Safety/Security sector.
  • This is Authority Brands’ 11th transaction in the United States.
  • This is Authority Brands’ 1st transaction in Michigan.

M&A Deal Summary
Date 2022-11-14
Target DRYmedic Restoration Services
Sector Safety/Security
Buyer(s) Authority Brands
Deal Type Add-on Acquisition
Advisor(s) Greenwich Capital Group LLC (Financial)

Target

DRYmedic Restoration Services

Bloomfield Hills, Michigan, United States
DRYmedic Restoration Services is a provider of disaster restoration services. DRYmedic Restoration Services was founded in 2014 and is based in Bloomfield Hills, Michigan.

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Buyer(S) 1

Buyer

Authority Brands

Columbia, Maryland, United States
Category Company
Founded 2017
Sector Franchising
DESCRIPTION

Authority Brands is a parent company of two home service franchisors, The Cleaning Authority and Homewatch CareGivers. Together, these brands provide recurring home services through more than 300 franchise locations in the U.S., Canada, and Latin America. Authority Brands was formed in 2017 and is based in Columbia, Maryland.

DEAL STATS #
Overall 11 of 14
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 10 of 13
State (Michigan) 1 of 1
Country (United States) 11 of 14
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Woofie s

Ashburn, Virginia, United States

Woofie's is the only mobile franchise in the professional pet care industry to offer the combined services of pet sitting, dog walking, and mobile pet spa services. Woofie's was founded in 2004 and is based in Ashburn, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-16 Junkluggers

Seymour, Connecticut, United States

Junkluggers is an eco-friendly junk removal franchise focused on customer service and bettering the environment in communities around the country. Junkluggers was founded in 2004 and is based in Seymour, Connecticut.

Buy -
Mergr

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