Power Home Remodeling, the nation’s leading exterior home remodeler with more than 5,000 employees and $1.7 billion in annual revenue, has secured a growth investment from Bain Capital, Sixth Street, and Harvest Partners Structured Capital. The firms will partner with the company’s management team and existing investor Harvest Partners, whose funds remain the largest investor, to support the company’s continued national expansion.
POWER has served more than one million customers across 26 territories nationwide since its founding in 1992 and has grown consistently over the past decade by gaining share in the highly fragmented, multi-billion-dollar home improvement market. Harris Williams, Bank of America, and Rothschild & Co served as financial advisors to Harvest Partners and POWER, with Kirkland & Ellis as legal counsel. Goldman Sachs advised Sixth Street exclusively, with Latham & Watkins as counsel. Ropes & Gray advised Bain Capital.
POWER has differentiated itself as one of the few scaled national players in exterior home remodeling through a centralized operating model and a proprietary platform that supports sales, installation, and customer experience at scale. That platform supports a product line spanning windows, siding, roofing, gutters, doors, solar roofing panels, and attic insulation across operating territories covering 26 states. A culture of internal leadership development has contributed to the company’s ability to sustain growth while maintaining operational discipline across a large and geographically dispersed workforce. Harvest Partners first invested in POWER in 2022 and has supported the company’s nationwide expansion since that time.
Bain Capital’s Cristian Jitianu described POWER as a market leader with a proven, repeatable model and significant runway for continued growth, noting the company’s differentiated platform and its position in the fast-growing repair and remodeling sector. Sixth Street’s Kayvan Heravi, Partner and Co-Head of Consumer, highlighted the company’s differentiated value proposition in a resilient sector and expressed enthusiasm about partnering with the existing investor and management team to support long-term growth. The investment will fund continued footprint expansion, investment in the proprietary operating platform, and further development of the talent development and sales model that has driven the company’s differentiation.
POWER’s scale and centralized operating model make it a distinctive asset in a home improvement market that remains overwhelmingly fragmented, with few competitors capable of serving customers across multiple states with consistent quality and operational discipline. The new capital positions the company to accelerate expansion into additional territories while deepening its capabilities in existing markets.
KEY QUOTES:
“Over the past 30 years, we have built POWER into one of the largest full-service exterior home remodelers in the United States. We are committed to delivering exceptional results for homeowners through strong customer relationships, our proprietary technology platform, and a deep commitment to talent development.”
Asher Raphael and Corey Schiller, Co-CEOs, Power Home Remodeling
“Since investing in the company in 2022, Harvest Partners has been proud to support POWER’s nationwide expansion, and we’re excited to partner with Bain Capital and Sixth Street to drive the company’s next stage of development.”
Nick Romano, Partner, Harvest Partners
