Sendero Restoration Services, LLC Has Been Acquired by Blue Team Holdings, LLC

14.12.2021

HOUSTON, TEXAS (December 14, 2021) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the sale of Sendero Restoration Services, LLC (“Sendero” and/or “the Company”), to Blue Team Holdings, LLC (“BlueTeam”), a portfolio company of Palm Beach Capital. Statesman served as the exclusive sell-side financial advisor to Sendero on the transaction.

Sendero is a roofing and general contracting construction company specializing in insurance restoration, roofing, and exterior repairs servicing the commercial sector. Headquartered in Houston, Texas, Sendero specializes in numerous low slope and steep slope roofing systems in keeping with the most current technological innovations. For roof inspections, damage repair, or complete roof replacements, Sendero employs a highly trained team of technicians with over 100 years of combined experience to meet any commercial roofing challenge. Sendero’s operation covers the contiguous United States.

BlueTeam, headquartered in Boca Raton, Florida, provides restoration, construction, and roofing services on a national basis for the nation’s highest level conglomerate portfolios. The Company’s core business is providing cleanup and mitigation work for problems such as fire damage, roof leaks, pipe bursts, mold, aging system failures, and, of course, post-disaster remediation resulting from severe weather. BlueTeam strictly services commercial industry sectors such as hospitality, senior housing, health care, commercial offices, municipal, and institutional markets. The business is geared toward solving property owners’ downtime issues and restoring revenue generating activities in a timely manner. With 27 locations, over 10,000 pieces of equipment, and a national network of first responders, the BlueTeam can respond to catastrophic events rapidly anywhere the US.
“Aligning Sendero with BlueTeam affords our company the opportunity for greater growth and continued expansion with both our customer base and service offerings. Statesman was awesome, and we wouldn’t have the outcome we did without their support.,” said Vaughan Scott, Sendero’s President. “We’re very excited to move forward with BlueTeam as we share the same values, strategic vision and customer-first approach to service,” added Jeremy Daniel, Sendero’s EVP of Sales.
“We are pleased to welcome Sendero to the BlueTeam family. Sendero is an excellent fit for the way we conduct business by prioritizing trusted relationships, responsiveness, thorough communication, and transparent cost-effective solutions for our customers,” said Bryan Meklir, BlueTeam’s Chief Executive Officer. “The acquisition merges well with our existing roofing division and truly establishes the merged companies as a national leader of commercial roofing services. In addition, we believe that Sendero’s expertise will be a great benefit to our existing customers, as well we believe BlueTeam’s other core services will be of great value to Sendero’s customers.”

About the other transaction participants 

Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The team advising on this engagement was led by Will Jaco, Principal, and included Sarah Wilson, Vice President, and Philip Rodriguez, Associate.

Palm Beach Capital (West Palm Beach & Sarasota, FL) Founded in 2001, Palm Beach Capital is a private equity investment firm with offices in both West Palm Beach and Sarasota, Florida. Currently investing out of its fifth committed fund, the firm focuses on high growth investment opportunities and partners with management teams in middle market management buyouts, recapitalizations and growth equity investments. Since its inception, Palm Beach Capital has made investments in over 50 platform companies.

Weycer, Kaplan, Pulaski & Zuber, P.C. (Houston, TX) provided legal counsel to Sendero led by Shareholder Robert C. Beasley.

Greenberg Traurig, P.A. (Fort Lauderdale, FL) provided legal counsel to BlueTeam led by Shareholders Stanley G. Jacobs, Jr., Jeffrey M. Wolfe, and Associates Esther Ponce de Leone, Wagner N. Soto.

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