News & Resources
SEATTLE, WA – Alexander Hutton is pleased to announce the acquisition of its client Quick Dry Restoration by Guardian Restoration Partners.
Quick Dry Restoration (“Quick Dry” or “the Company”) is a leading restoration services provider serving Idaho and Washington. Quick Dry is known for its exceptional work, friendly staff, and timely service. The Company has been acquired by Guardian Restoration Partners (“Guardian”), a portfolio company of Alpine Investors. With the acquisition of Quick Dry, Guardian adds a rapidly growing business with skilled leadership into its operations and gains access to key markets in the Northwest region.
Quick Dry has been a leader in restoration services in the Northwest since its founding in Boise, ID by Evan Gines, in 2016. Quick Dry subsequently added locations in Coeur d’Alene, ID and Seattle, WA as the Company’s reputation grew due to its strong service record and talented employees. The Company provides water damage restoration, remodeling/repair, and lead removal services under the brands Quick Dry Restoration, Quick Restore, and HomeGuard Environmental.
Commenting on the transaction, Gines said “We are thankful for Alexander Hutton’s work in getting this transaction completed. The knowledge and professionalism of the entire team led to a terrific outcome for all shareholders. We look forward to continuing this journey alongside Guardian and Alpine.”
Regarding Guardian’s partnership with Quick Dry, Bruno Slosse, CEO of Guardian said, “The high-quality work, services, and customer-first mindset Quick Dry consistently brings to their communities stood out to us.” Brian Willis, President of Guardian, added, “We are thrilled to welcome this company into the Guardian family and look forward to the great progress we’ll achieve together.”
Concerning Quick Dry’s Acquisition, Alexander Hutton Managing Director James Thompson stated, “It is always an honor to help business owners in their transactions, and this deal was no exception. The Quick Dry team has worked very hard to get to this inflection point, and we believe Alpine is an ideal partner to help continue to execute its growth plan.”
Legal counsel for Quick Dry was Karr Tuttle Campbell, and Guardian was represented by Kirkland & Ellis LLP. Terms of the transaction were not disclosed.
More about Quick Dry
Headquartered in Boise, ID, Quick Dry has been serving Washington and Idaho communities for over 8 years. The Company provides restoration, repair, and environmental testing services to both residential and commercial clients.
More About Guardian Restoration Partners
Guardian provides critical restoration services after disaster events throughout the US under the brands DryLux Restoration, Dry Kings, and Midwestern Restoration. Guardian is a platform company formed by Alpine Investors earlier this year.
More about Alexander Hutton
Led by a team of former business operators and executives who have built and sold companies, Alexander Hutton is a boutique, middle market M&A advisory firm that has completed 227 successful transactions. We offer a unique understanding of what it takes to run a business and an accessible team dedicated to client service. By running a high-touch, competitive transaction process for each of our clients, we are able to help them achieve their ideal outcome.