FIGO Holdings Strengthens Its Portfolio with Allen-Keith Construction Acquisition

Cleveland-based FIGO Holdings, Inc. has recently announced an exciting development in the construction and restoration industry—the acquisition of Allen-Keith Construction and Restoration, a company located in North Canton, Ohio. This acquisition marks a significant milestone in FIGO Holdings' strategy to enhance its service offerings and extend its operational capabilities throughout Ohio.

Founded in 1975, Allen-Keith has established itself as a trusted name in construction and restoration, servicing both commercial and residential clients for over five decades. Their legacy of quality work and commitment to customer service aligns perfectly with FIGO Holdings’ mission. Brennan Igoe, the Chairman of FIGO Holdings, expressed his enthusiasm for the acquisition, highlighting the shared values between the two companies.

He stated, "FIGO Holdings and Allen-Keith Construction and Restoration are completely aligned toward the goal of providing outstanding service and results for our customers." The partnership is anticipated to significantly contribute to both the local economy and employment opportunities within Northeast Ohio. Igoe took a moment to thank the Hanlon Family, the former owners of Allen-Keith, for their collaboration in facilitating this transition and their commitment to continued growth within the community.

Bill Graham, the CEO of Allen-Keith and a board member at FIGO, added on the expected benefits of this merger: "This partnership brings together the industry's most qualified construction and restoration experts... We will be stronger together and our customers will benefit." With the robust corporate infrastructure and advanced technology systems that FIGO Holdings possesses, clients can expect an even higher quality and more consistent customer experience moving forward.

Lonnie Hanlon, the former owner of Allen-Keith, underlined that the acquisition represents an opportunity to strengthen the family-oriented culture that has defined their business for many years. He noted that while the company values tradition, they are also eager to embrace the advancements that FIGO Holdings can provide. "Being acquired by FIGO Holdings is all about making Allen-Keith Construction and Restoration stronger for the customers and employees... I could not be prouder of how far we've come these last 50 years, but I'm even more excited about what the future holds for Allen-Keith," Lonnie stated.

Dan Hanlon, Lonnie's father and the founder of Allen-Keith, expressed confidence in the new direction for the business, emphasizing the importance of a culture that respects both employees and customers. As they look ahead, the Hanlon family anticipates that the capabilities and resources of FIGO Holdings will not only help restore properties but also support the well-being of their clients.

Furthermore, Allen-Keith Construction functions as a fully licensed and insured general contractor, specializing in a wide array of restoration services such as water mitigation, fire damage repairs, and major reconstruction after insurance losses. With its headquarters in North Canton, the company has carved out a significant footprint in the state and aims to continue providing premier construction services alongside FIGO Holdings.

In conclusion, this acquisition promises to drive innovation and growth, benefiting both the Allen-Keith brand and its customers. As the construction industry continues to evolve, partnerships like these illustrate a forward-thinking approach where experienced firms unite to enhance service offerings and community support. FIGO Holdings and Allen-Keith Construction’s alignment sets a strong foundation for future endeavors, ensuring that they remain leaders in the Ohio construction landscape.

Topics Consumer Products & Retail)

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