Investment by Nautic Partners, LLC

Technology & Services
Investment by Nautic Partners, LLC

Summary

Baird served as exclusive financial adviser to Response Team 1, LLC on this transaction

About

Nautic Partners, LLC (“Nautic”) recently announced that Nautic Partners VII, L.P. and Nautic Partners VII-A, L.P. (collectively, “Fund VII”) has made an equity investment in Response Team 1, LLC (“RT1” or the “Company”) in partnership with its founders John Goense and Erik Bloom. Terms of the transaction were not disclosed.

RT1 is a leading provider of restoration services, primarily for every day, non-catastrophic insured claims caused by water, fire, hail and / or wind damage. In addition, the Company provides renovation services such as painting, flooring and interior / exterior refurbishment for large, national multi-family property owners and managers. RT1 is the most awarded provider in the restoration industry and has established a reputation for high-quality service with its insurer, third-party administrator and large multi-family property owner / manager clients. RT1 is headquartered in Wheeling, Illinois.

Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrial products and outsourced services. Nautic has completed over 120 platform transactions throughout its 30-year history. Nautic’s strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives and increased management team depth. Nautic generally makes equity investments of $25 to $100 million. Nautic is headquartered in Providence, Rhode Island.

For additional information about this transaction, please contact:

Ross Williams +1 (414) 298-6235
Timothy Shea +1 (414) 298-6203
Paul Rogalski +1 (312) 609-4912
Brian Doyal +1 (312) 609-4916
Jeff Seaman +1 (312) 609-4687
Jonathan Harrison +44 (207) 667-8414
Technology & Services
Investment by Nautic Partners, LLC
Date
March 2016
Company
Response Team 1, LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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