PARAMOUNT BUILDERS HAS BEEN ACQUIRED BY 1-800 HANSONS
Birmingham, Michigan – May 15, 2024 – Angle Advisors is pleased to announce that 1-800 Hansons (“Hansons”), a premier provider of residential repair and renovation services with a focus on windows, roofing, siding, gutters, and one-day bath solutions, has acquired Paramount Builders. Angle Advisors acted as the exclusive investment banking advisor to Paramount Builders (“Paramount”) in completing the transaction.
Based in Virginia Beach, Virginia, Paramount is an established home repair provider serving homeowners throughout the Mid-Atlantic and Southeastern United States with a comprehensive offering of renovation products and solutions. Established in 1991, Paramount offers replacement roofing, windows, siding, gutters, and one-day bath solutions.
The Paramount acquisition accelerates Hansons’s strategy to become one of the fastest growing residential repair and renovation platforms within the United States, expanding the platform’s presence into two highly attractive geographies. Following the acquisition, the combined Hansons platform will operate 23 branches across 14 states within the Midwest, Mountain West, Mid-Atlantic, and Southeast regions.
“Hansons is excited to partner with the Paramount team to continue our path towards becoming the provider of choice for residential repair and renovation services in the United States,” said Joe Stackhouse, CEO of Hansons. “Paramount has developed a strong brand presence through its sophisticated marketing capabilities, full suite of exterior and interior solutions, and best-in-class service delivery that offers strong alignment with Hansons’ capabilities and market-leading position.”
“Hansons’ well-earned reputation in the renovation and repair industry, Joe’s commitment to employees and culture, and the Company’s differentiated technology-enablement extended across its branches made them the ideal partner for our team,” said Ed Augustine, President and CEO of Paramount. “We are enthusiastic for our partnership with Hansons that will further support Paramount’s next chapter of growth both organically and via acquisition.”
“Over the past two years, the Hansons team has been exceptional at driving growth through expanding its offering of home renovation solutions and successfully launching six organic branches within adjacent geographies,” said Brian Rassel, Partner at Huron. “Paramount has developed a long-standing brand within its served markets and has experienced similar success from new product launches and geographic expansion. We are thrilled to partner with Ed and the rest of the team to strengthen their position in the market through utilizing Hansons’ sophisticated technology platforms, applying a best-in-class omni-channel marketing strategy, and enhancing their existing service offerings.”
Hansons is a leading marketer and distributor of replacement windows, roofing, siding, and gutters, and bathroom products through branch locations throughout Michigan, Indiana, Ohio, Colorado, Utah, Nebraska, South Dakota, and Iowa. Founded in 1988, the company leverages its marketing expertise and strong project management infrastructure to develop a leading brand in its markets. For more information, visit www.hansons.com
Founded in Detroit in 1999, Huron Capital brings a people-first and thematic approach to private equity investing in secularly relevant and fragmented sectors of the North American infrastructure, facility, and residential services industries. Huron Capital partners with entrepreneurs and management teams, empowering their companies to new levels of excellence. Huron Capital has managed over $1.9 billion on behalf of a global institutional investor base including over 275 acquisitions since the firm’s inception.For more information, visit www.huroncapital.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 243 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.
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