New Harbor Capital has made a majority investment in Fix-It, a provider of home maintenance, repair, and replacement services, across HVAC, electrical, and plumbing. No financial terms were disclosed. McDermott Will & Emery LLP provided legal counsel to New Harbor Capital while The Milner Law Group did likewise for Fix-It 24/7.
(June 9, 2020) – Chicago, Illinois – Chicago-based private equity firm New Harbor Capital has formed a residential home services platform with a majority investment in Fix-It 24/7 (“Fix-It”, “the Company”), a rapidly growing business serving the greater Denver Metropolitan Area.
Fix-It is a leading provider of non-discretionary home maintenance, repair, and replacement services, across HVAC, electrical, and plumbing. The Company exclusively serves the residential home segment, providing around-the-clock services through a technically-skilled and certified staff of technicians and installers.
“We’re extremely excited to be partnering with George Donaldson and the team at Fix-It,” said Ed Lhee, Partner at New Harbor Capital. “George and the team have created a culture of excellence, and we are excited to support them with investments in technology, infrastructure, and strategic acquisitions to further accelerate the Company’s growth.”
“From the first encounter it was obvious our organizations shared similar values as well as a growth-oriented mindset,” added George Donaldson, Chief Executive Officer of Fix-It. “New Harbor’s depth of experience working with owner-operators, their track record of successfully accelerating growth, and their focus on building quality businesses were critical factors in our evaluation, and we are excited to have them as our partner.”
McDermott Will & Emery LLP provided legal counsel to New Harbor Capital. The Milner Law Group served as legal counsel to Fix-It 24/7.
About Fix-It 24/7
Fix-It 24/7 is the source for all plumbing, heating, electrical and AC repairs and upgrades, serving the entire Denver Metro Area. The Company takes pride in providing all customers with world-class customer service. From the initial phone call to the completion of repair, installation or maintenance, Fix-It assures customers will be treated with utmost care, respect, and empathy, and is committed to treating each and every customer as if they’re members of the extended family. For more information, visit www.fixmyhome.com.
About New Harbor Capital
New Harbor Capital is a Chicago-based private equity firm with over $400 million of capital under management, focused on investing in lower middle market, growth-oriented healthcare, education and business services companies. Our Partners have over 50 years of combined experience, partnering with strong management teams to systematically enable accelerated growth in value creation. Since 2000, the New Harbor team has completed over 200 investments. As an experienced strategic partner, New Harbor supports management with ideas, connections and resources to capitalize on growth potential. For more information, visit www.NewHarborCap.com.