Premier Restoraion Hawai‘i
Koa Capital Partners purchases Maui Fire & Flood, Hawai‘i's 2nd largest restoration and remediation company; plans statewide expansion by end of year under the name “Premier Restoraion Hawai‘i”.
(Honolulu, HI) Koa Capital Partners announces the purchase of Maui Fire & Flood along with sufficient growth capital to fund a rapid statewide expansion in the coming months.
Maui Fire & Flood is considered a leader in the state for its breadth and depth of services and overall customer experience ratings. That level of quality and service will be brought to O‘ahu, the Big Island and Kaua‘i under the new company name of “Premier Restoration Hawai‘i” (premhi.com), with the support of new and existing management.
All senior management will be located on Oahu. Darryl Nakamoto, formally the head of Island Flooring and CFO of Hoku Scientific and present Entrepreneur-In-Residence with Koa Capital, steps in as President and CFO. Bob Egbert, formally with Alert Alarm, will step in as VP of Business Development. Anthony Nelson, formally the GM of Maui Fire & Flood, will oversee the multi-island expansion and statewide operations.
“With the aging infrastructure across our island chain, the needs for these service continues to grow in all sectors of industry from hospitality, commercial space, residential and government. Maui Fire & Floods superior work product and culture of excellence gives a stellar platform from which to grow across the state.” said Chris Eldridge, Koa Capital Partners Operating Partner.
Steve Blinder, former owner of Maui Fire & Flood, and now stakeholder in Premier Restoration Hawai‘i, said, “the opportunity to partner with Koa Capital and expand our quality operation throughout the state is very exciting. We have the team and they have the strategic support to make this happen.”
Operations on O‘ahu are expected to be fully functional by October 2016 with operations on the Big Island and Kaua‘i operational in the first quarter of 2017.
About Koa Capital Partners, koacapitalpartners.com
Koa Capital Partners, formed in 2014, is managed by Dustin Sellers and Chris Eldridge. Both tenured entrepreneurs in their own-right, their vision for Koa is to preserve and enhance the small-to-medium business community in Hawai‘i. Through an on-island investment focus, these Kama‘aina can revitalize local companies with growth capital, new talent and savvy business strategy.
Unlike mainland capital, Chris and Dustin look to keep their portfolio companies owned and operated by people dedicated to the communities they serve. By bringing the sophistication of a mainland investment firm together with a strong commitment to Hawai‘i, Koa enhances, enriches and elevates the local business community at large while increasing the value of its investments.
To date, Koa’s portfolio of deals has included data center and storage, event management, linen & décor supply and remediation services.
About Maui Fire & Flood, mauifireflood.com
Maui Fire & Flood DKI was founded by Steve Blinder in 2003, an entrepreneur and small business owner. Steve previously owned & operated a cleaning business on Maui from 1996 through 2003. During his growth in the cleaning industry he saw the need for a full service specialized mitigation company on Maui. He modeled his business plan around large mainland firms that have mastered the restoration business.
“The opportunity to partner with Koa Capital and expand our quality operation throughout the state is very exciting. We have the team and they have the strategic support to make this happen.”