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Belfor Franchise Group Announces Acquisition Of Redbox+

Jul 14, 2021•over 4 years ago

Acquiring Company

BELFOR Franchise Group

Acquired Company

redbox+

Artificial IntelligenceInformation TechnologySoftware

Description

BELFOR Franchise Group (BFG), the world's largest residential and commercial services franchise group, today announced its acquisition of redbox+, a leading waste management solutions company that offers the industry's only combination dumpster roll-off and portable toilet containers for rent for commercial, industrial and residential project job sites. The acquisition allows BELFOR Franchise Group to continue to strengthen and expand its overall service offerings through redbox+'s innovative approach to waste management needs.

Company Information

Company

BELFOR Franchise Group

About

BELFOR Franchise Group is the world's largest residential and commercial services franchise group based on geographic footprint and number of units. The privately held, multi-concept franchise system is a division of BELFOR Property Restoration, the world's largest disaster restoration company. For over a decade, BELFOR Franchise Group has empowered entrepreneurs by offering industry-leading training, support and equipment, proven business models, and ongoing coaching and business development. BELFOR Franchise Group is the parent organization for 11 of the strongest service-based franchise opportunities for home and commercial cleaning, renovation and restoration. The franchise brands include: 1-800 WATER DAMAGE, Chem-Dry® & Upholstery Cleaning, Delta Restoration Services®, DUCTZ International, HOODZ® International, N-Hance® Wood Refinishing, Blue Kangaroo Packoutz, The Patch Boys®, redbox+®, WINMAR®, and Z PLUMBERZ. For more information, please visit belforfranchisegroup.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed