HOME SERVICES | DECEMBER 2020
Alexander Hutton is very excited to announce the acquisition of its client Dayspring Restoration, (Dayspring) by Trinity Hunt Partners.
Dayspring has a rich history, founded in Missoula, MT in 1989 by Larry Springer, father of President and CEO Mark Springer, with the goal of providing a quality service to people in
their time of crisis. Committed to investing in the most current restoration technology over the past 32 years, Dayspring has become an industry leader by purchasing only the best state-of-the-art restoration equipment and also by building a high-tech contents handling
and decontamination center.
Commenting on the transaction Alexander Hutton Managing Director, James Thompson, said “We are thrilled to have served the Dayspring team, board and shareholders in this highly sought-after and successful transaction. Despite Covid impact, there continues to be
very high interest from strategic acquirers and the private equity community to partner with strong management teams with durable business models. There was complete alignment throughout the transaction and we appreciate the professionalism exhibited by the Trinity Hunt team.”
Dayspring President and third generation Montanan, Mark Springer said, “We found the team at Alexander Hutton to be a great partner throughout our transaction. Our shareholders requested a deal to be completed by the end of 2020. The AH team’s attention to detail and expertise as former company operators led to a successful outcome, despite the compressed timeframe.”
Dayspring’s legal counsel was Goodrich & Reely and Trinity Hunt was represented by Katten Munchin Rosenman, LLP. Financial terms of the transaction were not disclosed.
To download and view the transaction announcement, click the link below!