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RF Investment Partners Closes Investment in Statewide Restoration
May 16, 2019
RF Investment Partners SBIC, LP (“RF” or the “Fund”) is pleased to announce that RF, in partnership with Crescendo Capital Partners ("Crescendo"), has closed an investment in Domus Construction and Design, Inc. and Statewide Restoration, Inc. (on a combined basis, “Statewide”). Statewide, with offices in Sacramento, Portland and Seattle is a one-stop provider of fire restoration services, including contents cleaning, storage, and construction/re-build for homeowners recovering from a house fire. Founded in 2008, Statewide has developed an impressive reputation for quality based on the integrity of its work, processes and people.
“For us, culture and fit are paramount and after getting to know the RF and Crescendo teams, it was clear that they were the right partners for Statewide,” commented Max Yurtsan, Founder and CEO. “RF and Crescendo were able to quickly understand the nuances of our business which gives us comfort in our new partnership and in what the future holds for our business,” added Val Kutsar, President.
“Max, Val, Yuriy and their team have built an incredible market presence and brand.We are impressed by Statewide’s leading position in its market which is a testament to its commitment to customer service. RF is excited to partner with the talented team at Statewide, and we look forward to helping them continue to build on the growth they have achieved over the past several years.” – Peter Fidler, Co-Founder and Managing Partner of RF.