#United States #Boxwood Partners #Detroit #Foris Solutions #PDS Tri-State

Strategic Acquisition Enhances Service Footprint

Boxwood Partners, a prominent player in financial advisory, has successfully completed the acquisition of Foris Solutions, a multi-state franchisee serving Precision Garage Door Service (PDS). This marks an important milestone not only for Foris but also for the garage services industry, which is witnessing significant consolidation and expansion.

Corporate Background

Foris Solutions operates primarily out of Detroit, Michigan, extending its services throughout the Midwest as well as into the Austin, Texas, and Delaware–Maryland–Virginia regions. The company is well-regarded for its quality garage door repair, replacement, and installation services, gaining recognition within the Precision Garage community as an entity that prioritizes operational excellence and customer satisfaction.

In a strategic move, PDS Tri-State, a subsidiary of Monogram Capital Partners, has acquired Foris Solutions. This acquisition is set to enhance PDS Tri-State’s capabilities significantly and further expand its reach across nine states, uniting their operational strength in the Precision network.

Transaction Insights

Brian Alas, Managing Director at Boxwood Partners, led the advisory team that facilitated this important transaction, stating that they successfully concluded their ninth deal in the garage services sector. Team members involved include Madison Day (Director), Justin Jasper (Associate), and Jake Kapp (Analyst). While the financial specifics of the deal remain undisclosed, it's clear that the integration into PDS Tri-State will offer Foris access to enhanced resources and infrastructure to elevate its service delivery.

Steve Freitas, Owner of Foris Solutions, expressed enthusiasm about joining the PDS Tri-State platform, emphasizing the synergy expected from the partnership, which aims to uphold the customer-centric values and operational standards that Foris Solutions is known for.

Expanding Reach and Expertise

The acquisition integrates Foris within a larger operational network, allowing the companies to jointly enhance service quality and efficiency. The combined organization will now span New Jersey, New York, Connecticut, Ohio, Maryland, Delaware, Michigan, Indiana, and Texas, bringing together the strengths of two highly respected operators in the franchise system.

Brandon Falone, CEO of PDS Tri-State, noted the importance of Foris's deep-rooted operating culture and field-level expertise, which will complement PDS Tri-State’s ongoing expansion efforts. As they collaborate, the alliance promises improved response times for customer needs, supporting the pursuit of high-margin, non-discretionary service offerings.

Moreover, the focus will remain on improved procurement practices, fleet optimization, and coordinated marketing strategies that unlock significant operational leverage. This approach is anticipated to translate into not only better service delivery but also sustainable growth that can benefit homeowners in these markets.

Industry Trends and Insights

As noted by Brian Alas, the garage services industry remains relatively under-consolidated, indicating vast opportunities for growth and acquisition. Precision Garage Door Service, with its national recognition, plays a pivotal role in drawing demand for both new services and ongoing repairs. This scenario presents scaled operators like PDS Tri-State with a decisive competitive edge, particularly as they partake in an industry characterized by steady demand.

Advisors and Future Prospects

In addition to Boxwood Partners, Foris Solutions engaged FORVIS LLP for accounting advisory services and Butzel Long as legal counsel. On the buy-side, legal support came from Massumi + Consoli LLP, with accounting assistance provided by PwC. As Boxwood Partners continues to solidify its position as a trusted advisor in the franchise sector, it looks forward to supporting future transactions across an array of industries ranging from home services to wellness.

The future looks promising for both Foris Solutions and PDS Tri-State as they integrate their resources and expertise—setting a new standard in the garage service realm. To learn more about PDS and its extensive offerings, visit PrecisionDoor.net.

For further information about Boxwood Partners and its services, please visit their official site at www.boxwoodpartners.com.