Linx Partners (“Linx”) today announced that it, along with other existing shareholders, signed a definitive agreement to sell 100% of Reconstruction Holdings, Inc. to Johns Lyng Group (ASX:JLG). Reconstruction Holdings, through its subsidiary Reconstruction Experts (“RE”) provides specialized property repair services to homeowner associations, multi-family property managers, and commercial property owners. RE’s services repair occupied buildings after defects emerge from poor initial construction, from weather-related damage, or normal degradation due to aging. Founded in 2001, the Company is currently headquartered in Arvada, Colorado with additional offices in California, Texas, and Florida and employs over 250 professionals.
Since partnering with Linx in 2013, RE has undergone a period of transformation, growth, and success, due to:
- Professionalizing and optimizing its corporate management team, structure, and governance to enhance profitability and scalability
- Organic and acquisition-led growth and diversification into new geographies with strong property services end markets
- Expanded its service offering to better service its customers and help them to Love your place again
“Our exceptionally talented employees and customer-centric culture are driving strong business performance year-over-year. We continue to grow our market position and deliver value to customers by executing full-scale repair projects in complex settings,” said Rich Whitten, Reconstruction Experts’ Chief Executive Officer. “We have enjoyed working with Linx Partners, who has provided strategic guidance, business professionalization and M&A support, and capital to help us grow our business and prepare for the next growth phase of RE.”
Giny Mullins, Managing Director at Linx and Chairman of RE commented, “The success of Reconstruction Experts exemplifies Linx’s commitment to supporting entrepreneurial management teams and professionalizing businesses ahead of their next stage of growth. We are so proud of the RE team and the tremendous work over the past eight years to become the premier provider of property services to occupied spaces.”
Robert W. Baird & Company served as financial advisor and Morgan Lewis & Bockius served as legal advisor to RE.
About Linx Partners
Linx was founded in 1999 on the premise of investing in U.S. industrial companies, utilizing our human and capital resources in partnership with families, entrepreneurs, and management teams to build businesses. The Managing Directors of Linx have worked together in various capacities for over 15 years and have collectively created over 30 such partnerships since the founding of the firm.
About Reconstruction Experts
Reconstruction Experts provides specialized property services to homeowners’ associations and other property owners through eight offices in Colorado, California, Texas, and Florida. The company’s service offering includes defect insurance services, specialty repair & maintenance services, and damage insurance services for occupied spaces, primarily multifamily and commercial developments.