West Palm Beach, FL – October 23, 2018 – Palm Beach Capital Fund IV, L.P., through one of its investment entities, today announced that it made an investment in BBMK Contracting LLC and Blue Team Restoration (“Blue Team”). Blue Team is a nationally recognized leader in disaster restoration, emergency services and remediation, specifically servicing the commercial sector. The construction division is a licensed general and roofing contractor, that performs reconstruction, roofing and capital improvements for commercial property owners. Financial terms were not disclosed.
“Our partnership with Palm Beach Capital is the next step in our strategic growth plan at Blue Team. We are continuing to build and expand our footprint, capabilities and technology to best support and service the needs of our amazing clients across the United States,” said Bryan Meklir, CEO of Blue Team Restoration and BBMK Contracting.
“We are excited to partner with the entire Blue Team management team and we look forward to providing the necessary support and capital for the company to expand its nationwide network of restoration, remediation and construction specialists along with property owners,” commented Mike Schmickle, a partner at Palm Beach Capital. “Blue Team has the proven capabilities, restoration and remediation expertise, and the critical technology platform to support and grow its domestic customer base. We are eager to take things to the next level.”
About BBMK Contracting and Blue Team Restoration:
Blue Team Restoration, the restoration arm of BBMK, providing progressive solutions on a national basis for remediation, restoration and reconstruction of commercial properties. The Company’s core business is providing emergency response, resulting from day-to-day natural events and catastrophic natural disasters for portfolio owners in senior living, hospitality, multi-family and other commercial spaces.
For more information, please visit: http://www.blueteamrestoration.com/
BBMK Contracting provides renovations, roofing and construction services on commercial properties within hospitality, multi-family, senior living, institutional and industrial projects.
For more information, please visit: http://www.bbmkcontracting.com/
About Palm Beach Capital:
Founded in 2001, Palm Beach Capital is a private equity investment firm with offices in both West Palm Beach and Sarasota, Florida. Currently investing out of its fourth committed fund, the firm focuses on high growth investment opportunities and partners with management teams in middle market management buyouts, recapitalizations and growth equity investments. Since its inception, Palm Beach Capital has made investments in 48 portfolio companies (58 distinct investments including co-investment vehicles). For more information, please visit the firm’s website at www.pbcap.com