Deal Details

CRS Is Acquired by Ridgemont

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Summary

About

Founded over 35 years ago, CRS Temporary Housing is a leading tech-enabled outsourced services platform providing end-to-end temporary housing and managed repair solutions for policyholders on behalf of insurance carriers. The Company assists policyholders in times of crisis, ensuring they have high-quality shelter immediately after being displaced from their residence. CRS sources a wide variety of hotel and housing accommodations as well as furniture and housewares to meet the unique needs of each policyholder. Through its managed repair solution, CRS offers a national network of high-quality vendors to quickly and cost-effectively repair damage to a policyholder’s home. With the Company’s nationwide coverage, 24/7 availability, quick turnaround and personalized customer service, it has grown into a trusted partner for over 100 national and regional insurance companies across the U.S. CRS is headquartered in Phoenix, Arizona.

Reverence Capital Partners is a private investment firm focused on three complementary strategies: (i) Financial Services-Focused Private Equity, (ii) Structured Credit and (iii) Real Estate Solutions. Today, Reverence manages in excess of $14 billion in AUM. Reverence focuses on thematic investing in leading global Financial Services businesses. The firm was founded in 2013 by Milton Berlinski, Peter Aberg and Alex Chulack, after distinguished careers advising and investing in a broad array of Financial Services businesses. The Partners bring, on average, over 38 years of advisory and investing experience across a wide range of Financial Services sectors. Reverence is headquartered in New York, New York.

Ridgemont Equity Partners is a middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business services, healthcare and industrials sectors for over three decades. The principals of Ridgemont have demonstrated an industry-focused model designed to build distinctive middle market companies. Ridgemont is headquartered in Charlotte, North Carolina.

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