Greenbriar Equity Group announced that funds managed by Greenbriar completed the acquisition of Renuity, a tech-enabled home services platform, in partnership with company management, from York Capital Management’s private equity group and other minority investors. The terms of the private transaction were not disclosed.
Renuity was launched in early 2019 to aggregate best-in-class home service providers across the US. And Renuity’s tech-enabled platform offers a variety of high-demand replacement and remodeling products and services. Supported by an experienced management team, Renuity is focused on delivering exceptional customer experiences and has created hundreds of thousands of happier homeowners across the US who have entrusted their home improvement projects to Renuity.
This investment by Greenbriar will support the management team’s growth and nationwide expansion plans. It will focus on investing in the company’s technology, marketing, data and analytics, and other capabilities to continue enhancing Renuity’s service offerings and overall customer experiences.
Kirkland & Ellis served as legal counsel to Greenbriar. And Houlihan Lokey served as financial advisor and Skadden, Arps, Slate, Meagher & Flom and Akerman served as legal advisors to the company.
KEY QUOTES:
“We are excited to partner with Greenbriar as we enter this next phase of Renuity’s growth. Renuity is still in the early innings of our potential as a company. As we continue on our rapid growth journey, we could not ask for a better partner than Greenbriar given the firm’s significant experience and successful track-record of expanding and scaling tech-enabled services platforms like Renuity. With Greenbriar’s support, we will accelerate our growth while continually prioritizing a superior customer experience.”
– Daniel Gluck, CEO of Renuity
“It has been a pleasure to partner with Daniel and the Renuity team over the last several years. Renuity has achieved transformational growth since our initial investment while greatly diversifying its service offering. We remain firm believers in the company’s bright future; Greenbriar will be a terrific partner and, as continuing investors in the company, we are excited to see what the next chapter holds.”
– Robbie Shapiro, Managing Director at York Private Equity
“Renuity’s highly differentiated tech-enabled business model is a terrific fit for Greenbriar’s strategy of partnering with businesses poised for significant growth. We are excited to partner with Daniel and his management team to further accelerate Renuity’s impressive track record of expansion while delivering extraordinary service and value to its customer base.”
– Niall McComiskey, Managing Partner at Greenbriar
