Applied Restoration came into a situation that many other contractors have faced during its tenure: When is a good time to sell and how is that process done to everyone’s satisfaction? It’s rarely an easy process, though it happens all the time in any business. The key is for all parties to walk away feeling like all had gotten a fair shake. Walls & Ceilings’ own column “Exiting Your Business” discusses this at length with specific notes and suggestions for the change-of-the-guard scenario. But in a general overview, what does it mean for new ownership?
First off, Applied Restoration was founded just 20 years ago. Mike Weinert and Jim Porter started the company in September 1998. Today, it has 16 office employees and anywhere from 50 to 70 field workers.