City Capital Ventures Recapitalizes SERVPRO of Saginaw to Form Great Lakes Restoration Group
July 24, 2023
City Capital Ventures (CCV) made a strategic investment and recapitalization of SERVPRO of Saginaw to form Great Lakes Restoration Group, with the business continuing to operate as SERVPRO of Saginaw. Founders Randy and Tina Miller retain a significant stake and remain in leadership while CCV will support growth and multi-location expansion; debt financing was provided by Old National Bank and Texas Capital Bank and terms were not disclosed.
- Buyers
- City Capital Ventures, LLC
- Targets
- SERVPRO of Saginaw
- Sellers
- Randy Miller, Tina Miller
- Industry
- Environmental Services
- Location
- Michigan, United States
- Transaction Type
- Recapitalization
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