TITAN HOME IMPROVEMENT ANNOUNCES ACQUISITION OF HOME SMART INDUSTRIES

Transaction Expands Company’s Footprint From 11 To 16 States;

Demonstrates Continued Commitment To Acquiring Great Home Improvement Operators 

CORAL GABLES, Fla., July 6, 2020 – Titan Home Improvement  (“Titan”), based in Coral Gables, Fla., today announced the acquisition of Home Smart Industries (“Home Smart”), a Pennsylvania-based specialty bath and shower remodeling company with a 20-year history of serving homeowners throughout Pennsylvania, Delaware, Maryland, New Jersey and Virginia.

“We are incredibly selective as to who we bring under the Titan umbrella and Home Smart clearly met the standards that we set, highlighted by their culture centered around providing a great customer experience and their partnership with an industry leader in Kohler. We look forward to continuing to grow the business with Mark and his team.” 

As a certified Kohler dealer, Home Smart is backed by the bathroom industry’s most recognizable brand. The deal was consummated on June 30. 

Home Smart marks Titan’s fifth acquisition since the latter was founded in 2019, demonstrating the tech-enabled direct-to-consumer home improvement services network’s commitment to acquiring best-in-class operators and enabling them to benefit from the resources provided by the Titan platform. This expansion into several key Northeast markets also grows the Titan footprint from 11 to 16 states. Titan began its portfolio with the acquisition of Florida-based FHIA Remodeling in 2019, followed by the acquisitions of Statewide Remodeling, Mad City Windows and Baths, Paradise Home Improvement, and now Home Smart. 

“Joining the Titan platform will enable us to perpetuate the Home Smart brand and our commitment to servicing our customers, while also providing the tools and resources for us to grow significantly faster than we could as a standalone entity. We have incredible people at Home Smart, and we look forward to bringing our product to even more homeowners given the systems, lead sources and scale that Titan affords us,” said Mark Kenyon, President of Home Smart Industries.

“We are delighted to incorporate Home Smart Industries into our network of best-in-class home improvement companies,” said Daniel Gluck, CEO of Titan. “We are incredibly selective as to who we bring under the Titan umbrella and Home Smart clearly met the standards that we set, highlighted by their culture centered around providing a great customer experience and their partnership with an industry leader in Kohler. We look forward to continuing to grow the business with Mark and his team.” 

The year has been marked by significant expansion for Titan, who this year has seen two of its other brands, Mad City Windows & Baths and Statewide Remodeling, expand their services by opening new locations in Minneapolis, MN and Lubbock, TX, respectively.  “We are also in discussion with other strong home improvement operators and plan to continue to expand our geographic and product reach over the course of this year,” Gluck added. 

Titan Home Improvement

Titan Home Improvement was founded in early 2019 to aggregate best-in-class home improvement service providers across the US. Titan’s network of home improvement providers, including FHIA RemodelingStatewide RemodelingMad City Windows and BathsParadise Home Improvement, and Home Smart Industries offers a variety of high demand replacement and remodeling services including window and door, roofing, bathroom, siding and kitchen cabinet replacement. The company’s service provider network includes leaders in their respective markets and prioritizes offering the highest quality products and excellent customer service.

Home Smart Industries

Home Smart Industries was founded in 2001 and has served homeowners throughout Pennsylvania, Delaware, Maryland, New Jersey, and Virginia, helping them upgrade their bathrooms to better suit their needs. With a focus exclusively on remodeling tubs and showers, Home Smart prides itself on specializing on critical moisture areas in addition to extensive bathroom remodeling services. Home Smart has received numerous industry accolades including Remodeling Magazine’s Big50 Award and an A+ rating from the Better Business Bureau.

STATEWIDE REMODELING OPENS NEW LOCATION IN LUBBOCK, TEXAS

The specialty home remodeling company expands its services in West Texas with a new location in Lubbock

GRAPEVINE, Texas–()–Statewide Remodeling, the leading home improvement provider servicing Texas, Arkansas and Oklahoma, today announced the opening of its new location in Lubbock, Texas.

“A major part of our growth strategy at Titan is to support our operating companies’ greenfield expansion into new markets, and our new Lubbock office should serve to further enhance our already successful West Texas expansion.”

“We had long wanted to expand our footprint across more of the Lone Star State,” said Jerry Melton, President of Statewide Remodeling. “As Walt Disney said, ‘The way to get started is to quit talking and start doing.’ We have seen a large demand for our services in West Texas, and the Lubbock office will be our gateway into being able to service this very important market. Our goal is to have the privilege to serve all of Texas, and this is a step in that direction, while we continue to simultaneously service the Arkansas and Oklahoma markets.”

In August 2019, Statewide Remodeling was acquired by Coral Gables-based Titan Home Improvement in August of 2019, a tech-enabled direct-to-consumer home improvement services network.

“We are very excited to continue the expansion of our Statewide Remodeling business, this time into West Texas,” added Daniel Gluck, CEO of Titan Home Improvement. “A major part of our growth strategy at Titan is to support our operating companies’ greenfield expansion into new markets, and our new Lubbock office should serve to further enhance our already successful West Texas expansion.”

Statewide has built its reputation by delivering a wide swath of home improvement services, including sales and installation of windows, doors, and walk-in tubs. Bath and shower remodeling services are on deck in the coming months, and with Titan’s support Statewide can look forward to more market and service expansions. This strategic expansion in Texas highlights Titan’s commitment to growth and what makes the company one of America’s fastest-growing companies.

Titan Home Improvement

Titan Home Improvement was founded in early 2019 to aggregate best-in-class home improvement service providers across the US. Titan’s network of home improvement providers, including FHIA Remodeling, Statewide Remodeling, Mad City Home Improvement, and Paradise Home Improvement, offers a variety of high demand replacement and remodeling services including window and door, roofing, bathroom, siding and kitchen cabinet replacement. The company’s service provider network includes leaders in their respective markets and prioritizes offering the highest quality products and excellent customer service. Titan is owned and controlled by affiliates of York Capital Management, a multi-billion dollar investment firm based in New York City.

Statewide Remodeling

Statewide Remodeling was Texas’ largest independent specialty contractor when acquired by Titan in mid-2019. Statewide operates out of the major metros in Texas (Dallas, Houston, San Antonio, and Austin), and has recently expanded its operations into East Texas, Oklahoma City, Tulsa, Little Rock, and Northwest Arkansas. Statewide offers a broad array of products to its customers including replacement windows, bathrooms, walk-in tubs and sunrooms.

MAD CITY WINDOWS & BATHS ANNOUNCES ACQUISITION OF MINNESOTA-BASED NEW WIND

NEW WINDOWS FOR AMERICA

Transaction Expands Company’s Home Improvement

Footprint Across Key Midwest Markets

CORAL GABLES, Fla. – Mad City Windows (Mad City), a subsidiary of Titan Home Improvement, announced its acquisition of Minnesota-based home improvements company New Windows for America.

“Our goal since our founding in 1998 has been to make Mad City the No. 1 remodeler in the Midwest, and this transaction is another step toward achieving that goal,” Nathan Richmond, President of Mad City. “We are excited by the growth we are seeing and look forward to similar acquisition opportunities as we continue to expand our footprint.”

New Windows, which was previously been owned by Jim and Rhonda Steffes, offers replacement windows, bathrooms and other home improvement products to the Minneapolis market and surrounding areas.

“Our goal since our founding in 1998 has been to make Mad City the No. 1 remodeler in the Midwest, and this transaction is another step toward achieving that goal,” Nathan Richmond, President of Mad City. “We are excited by the growth we are seeing and look forward to similar acquisition opportunities as we continue to expand our footprint.”

“This is our first acquisition of 2021, and we anticipate more to follow soon as we continue to scale our business across the country and take advantage of the strong market for home improvement,” said Daniel Gluck, CEO of Titan Home Improvement.

“Nathan and his team have done a tremendous job growing the Mad City business and we look forward to continuing to support them as they enter new markets across the Midwest.”

Mad City specializes in home improvement and home remodeling services across Wisconsin, Minnesota, and Iowa. With over 50,000 completed projects, Mad City has more than two decades of experience serving communities who have come to expect the highest standard of service and professionalism.

Titan Home Improvement, a tech-enabled direct-to-consumer home improvement services business, counts Mad City among its portfolio of brands. Titan has already made noise in the home improvement space by building out a roster of acquisitions that include FHIA Remodeling, Statewide Remodeling, Mad City Windows & Baths and Paradise Home Improvement since Q1 2019.

The transaction was completed on Friday, March 12.

About Mad City Windows & Baths

Since 1998, Mad City Windows & Baths has been on a mission to provide a level of quality workmanship and service that used to be the industry norm, but today is becoming harder and harder to find. Based in Madison, WI, Mad City offers replacement windows, bathrooms, kitchen cabinets and other home improvement products. For more information please visit www.madcitywindows.com.

About Titan Home Improvement

Based in Coral Gables, Fla., Titan Home Improvement is a portfolio of tech-enabled direct-to-consumer home improvement companies encompassing four brands across 11 states as of Q2 2021. With services including replacement and remodel windows and doors, roofing, kitchen cabinet refacing, bathrooms and more, Titan’s brands are dynamic leaders in their respective spaces, achieving strong organic market expansion together under a proven greenfield strategy. For more information, please visit Titan Home Improvement’s website at www.titanhomeimprovement.com

Titan Home Improvement Announces Acquisition of Paradise Home Improvement, and Climbs to #3 Largest Remodeler in US

MIAMI, Fla., September 8, 2020 /PRNewswire/ – Titan Home Improvement  (“Titan”), based in Miami, FL, today announced the acquisition of Paradise Home Improvement (“Paradise”), a South Carolina-based provider of replacement and remodel windows and doors, bathrooms, roofing, and other home improvement products. 

“We are thrilled for this new chapter and to be a part of Paradise’s growth under Titan’s ownership. With the resources that Titan has in place, we should be able to significantly grow our market share and provide our excellent service to more customers than ever before.”

Paradise represents Titan’s fourth acquisition since Titan was founded in early 2019 and furthers Titan’s stated mission to aggregate best-in-class home improvement contractors across the US.  Titan started building its portfolio with the acquisition of Florida-based FHIA Remodeling in 2019, followed by the acquisitions of Statewide Remodeling, Mad City Home Improvement, and now Paradise. Paradise was founded in 2012 and currently has services in Charlotte NC, Greensboro NC, Apex NC, Hickory NC, Greenville SC, Columbia SC, Charleston SC, and Knoxville TN. 

“We are thrilled for this new chapter and to be a part of Paradise’s growth under Titan’s ownership. With the resources that Titan has in place, we should be able to significantly grow our market share and provide our excellent service to more customers than ever before,” said Jeffery Becker, General Manager of Paradise.

Mel Feinberg, Chairman of Titan, commented that “We welcome Paradise and its employees to the Titan organization.  Joe Schuette [Paradise’s founder and former owner] did an amazing job building a great team and culture here at Paradise, and we look forward to taking the business to the next level over the coming years.”

The acquisition of Paradise will serve to further grow Titan’s broad network of providers.  Last month Titan was proud to learn that the “Remodeling 550” List, published by Remodeling Magazine, named Titan the 3rd largest remodeling company in the country for 2019, up from the #4 spot in 2018.   “With the combination of organic growth opportunities in our current markets, our pipeline of current acquisition targets, and our focus on best-in-class service, we expect to continue our climb up the rankings of largest remodeling companies in the US” said Feinberg.

Titan Home Improvement Acquires Wisconsin-Based Mad City Home Improvement

MIAMI, Fla., March 2, 2020 /PRNewswire/ — Titan Home Improvement (“Titan”), today announced the purchase of Mad City Home Improvement (“Mad City”), the largest specialty home remodeling company in Wisconsin.

“Mad City Home Improvement is a perfect addition to the Titan platform, as we have targeted companies that are leaders in their respective markets and bring the same legacy of best-in-class customer service that Titan has always prided itself on. Mad City is the brand name in home improvement in the state of Wisconsin, and we look forward to adding them to our industry-leading portfolio of products, services, and partners,”

This is the second acquisition made by Titan recently, following the purchase of Statewide Remodeling, one of the largest specialty contractors in Texas, in July 2019.

Backed by affiliates of York Capital Management, a multi-billion dollar investment firm, Titan is creating a national network of leading remodeling service providers in their respective markets. Through the purchase of Statewide Remodeling, Titan now has an established presence in Texas, Oklahoma, Arkansas, and a leading market position in Florida. The acquisition of Mad City extends Titan’s reach into Wisconsin, with plans to expand across the Midwest region. Post-closing, Titan is expected to have annual sales in excess of $300 million.

“Mad City Home Improvement is a perfect addition to the Titan platform, as we have targeted companies that are leaders in their respective markets and bring the same legacy of best-in-class customer service that Titan has always prided itself on. Mad City is the brand name in home improvement in the state of Wisconsin, and we look forward to adding them to our industry-leading portfolio of products, services, and partners,” said Mel Feinberg, Chairman of Titan Home Improvement.

Founded in 1998, Mad City Windows and Baths provides replacement windows and doors, siding installation, roofing services, bathroom remodeling, and kitchen refacing services. In 2019, the company delivered over $65 million in annual sales, ranking as one of the 25 largest remodelers in the U.S. by Qualified Remodeling Magazine. Mad City’s commitment to outstanding service has earned the company the #1 spot as the top-rated remodeler in Wisconsin for the last eight years. Mad City is a proud partner and official sponsor of the Green Bay Packers.

“We are incredibly excited about our new partnership with Titan and York Capital Management and the resources and support that they bring to our organization. We have had tremendous growth over the last 22 years and have expanded our coverage to now include the entire state of Wisconsin. Our new partnership with Titan will enable us to expand our business outside our home markets and bring our best-in-class product suite and customer service into other attractive markets across the Midwest,” said Nathan Richmond, President, and CEO of Mad City Home Improvement.

Post transaction, Mad City Home Improvement will retain its current organizational structure and focus on opportunities to provide an even broader portfolio of services to consumers.

Florida Market Leader in Home Improvement Begins National Expansion with Acquisition of Texas Market Leader

MIAMI, Fla., Aug. 1, 2019 /PRNewswire/ —  Titan Home Improvement (Titan) today announced its 100% acquisition of the largest specialty home remodeling company in Texas, Statewide Remodeling.

“We are thrilled to be partnering with Statewide, which shares our unsurpassed commitment to quality and best-in-class customer service across all areas of home improvement,” said Mel Feinberg, Chairman of Titan Home Improvement.

This purchase represents the first phase of Titan’s planned expansion outside its current home market of Florida.

Ranked as the #1 remodeling company in the state of Florida for the past three years by Remodeling magazine, and the fourth largest in the country in the Qualified Remodeler’s Top 500 List; Titan Home Improvement is uniquely positioned for continued growth with the financial backing of York Capital Management, an investment firm with over $18 billion in assets under management.

“We are thrilled to be partnering with Statewide, which shares our unsurpassed commitment to quality and best-in-class customer service across all areas of home improvement,” said Mel Feinberg, Chairman of Titan Home Improvement.

Since opening its doors in 1994, Statewide Remodeling has grown to over $65 million in annual sales. As the largest specialty remodeling company in Texas, it ranks as the #3 Full-Service Remodeler in the U.S. by Qualified Remodeling Magazine. Statewide Remodeling has offices and showrooms in Dallas, Austin, Houston, and San Antonio, serving over 40,000 customers, and is currently expanding its offerings to Oklahoma and Arkansas. Statewide’s commitment to customer service has earned it the coveted “Consumers’ Choice Award” for the past ten years straight. Statewide has also been named “Service Provider of the Year” by multiple large retail establishments over the past ten years.

“Statewide Remodeling has enjoyed the path our founders took us down for the past 25 years, and we are excited for the new partnership with Titan and York Capital Management. With the combined strength of the teams, we will be the leaders in the industry,” said Jerry Melton, President of Statewide Remodeling.

Post transaction, Statewide Remodeling will retain its current organizational structure and focus on opportunities to provide an even broader portfolio of services to consumers.