AEA Buys Disaster Recovery Specialist

AEA Investors has acquired BMS Enterprises, a national provider of disaster recovery services.

BMS is the second-largest non-franchised provider of property restoration and reconstruction services to commercial and residential end markets in the United States. The company’s services include fire and water restoration, disaster recovery services, reconstruction services, carpet and air duct cleaning, and mold remediation.

BMS operates under the brand names BMS and Blackmon Mooring and has 17 locations in 11 states nationwide with a headquarters near Fort Worth in Haltom City, TX (www.blackmonmooring.com).

BMS was founded in 1948 by William “Floppy” Blackmon and Scott Mooring as a furniture and dye shop in Fort Worth, TX. In May 1949, Fort Worth was hit by a storm that dropped over 11 inches of rain overnight. The next morning, Mr. Blackmon and his team began providing the devastated city with flood damage restoration services and Blackmon Mooring officially entered the disaster recovery sector.

AEA makes equity and debt investments in middle-market companies that operate in the value-added industrial products, consumer/retail, and business services sectors. The firm manages approximately $15 billion of capital. AEA was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices. The firm is headquartered in New York with additional offices in Connecticut, London, Munich and Shanghai.

Metronome Partners was the financial advisor to BMS on this transaction. “The Metronome team was professional, disciplined, and effective throughout the process,” said Robert Smith, chief financial officer of BMS. “We trusted Metronome to deliver a successful and expeditious process for the company to achieve our immediate and long-term objectives, and they executed.” Metronome, led by managing partners Jeff Rosenkranz and Randy Karchmer, focuses on middle-market businesses nationwide, valued from $25 million to over $500 million. The firm has offices in both Chicago and Memphis.

© 2019 Private Equity Professional | October 4, 2019

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