Restoration + Recovery Acquires DGC Environmental Services, Inc.
RESTORATION + RECOVERY ACQUIRES DGC ENVIRONMENTAL SERVICES, INC.
DURHAM, N.C. – Restoration + Recovery (R+R), a portfolio company of DFW Capital Partners and the leading national provider of stormwater preventative maintenance and corrective action, today announced that it has acquired the assets of DGC Environmental Services, Inc. (DGC), the leader in stormwater services in Florida with operations throughout the Southeastern United States.
The acquisition of DGC supports R+R's announced strategy to provide comprehensive stormwater management services with broad geographic coverage. R+R currently operates in 39 states and Puerto Rico. This transaction expands R+R's existing presence across DGC's Southeast footprint, providing additional service delivery depth and further strengthening its best-in-class service model.
Richard Matero, CEO of R+R, said, "With this acquisition, we are joining forces with the premier stormwater management provider in Florida. DGC has taken great strides in innovative techniques that we are enthusiastic about adding to our offering. R+R, in the last 24 months, has expanded significantly throughout the United States. However, it remains very focused on broadened service provision in the most critical watershed areas in the U.S. Together, our combined company further emphasizes the group's strategy to be THE Stormwater Management Company."
"I am thrilled to be partnering with R+R," said David Clarius, CEO of DGC. "The combined entities create the most dominant provider of stormwater management services in the Southeast. We are excited to be part of a larger organization that has their vast environmental expertise and experience throughout the country. This partnership is also great for our employees as it provides significant opportunity for growth and development for all."
DeVer Warner of DFW Capital Partners added, "The team at R+R continues to build upon its national leadership position in stormwater management, and we are looking forward to partnering with DGC in serving our customers and environment with the most comprehensive offering in the industry. DFW is excited to support R+R's growth initiatives as the company expands its geographic presence and deepens its capabilities."
R+R was founded in 2001 and is headquartered in Durham, N.C. Mr. Matero will lead the combined companies as CEO. Mr. Clarius will serve as an executive team member to the organization and will continue to lead the DGC operational team.
About Restoration + Recovery
R+R is a leading nationwide provider of commercial, retail, industrial and governmental post-construction stormwater management through stormwater consulting, inspection, maintenance and repair services. R+R caters to national retailers, logistics providers, engineering firms, hospitals, military and industrial facilities, real estate management companies, distribution centers, national and multi-state organizations, individual and commercial property owners, airports and universities.
About DGC Environmental Services
DGC is a full-service stormwater maintenance company with more than 25 years of experience. DGC services the residential, municipal and retail markets and operates in Florida, Alabama, Tennessee, North Carolina and South Carolina. DGC is headquartered in Fort Pierce, Fla.