Lovett Acquires Synergy Restoration & Construction

News provided by

Mar 26, 2019, 06:37 ET

PORTLAND, Ore., March 26, 2019 /PRNewswire/ -- Lovett Inc., a construction services provider for drain cleaning, plumbing, masonry restoration, excavation, directional drilling, and vac-truck projects headquartered in Portland, Oregon, today announced the acquisition of Synergy Restoration & Construction LLC.

The acquisition goes hand in hand with key strategies recently implemented to support long-term organic and inorganic growth of the company. One of the most critical of those strategies is to expand our service offering to be among the most comprehensive in the industry fortifying key customer relationships while improving profitability through verticalization of services previously outsourced by both organizations.

"The more time I spent with the Synergy team exploring opportunities for them to become part of our Lovett family the more excited I was about the transaction. We are going to be a force to be reckoned with when it comes to solving our customer's problems," said Dale Lovett, Lovett Inc. Founder & CEO.

"We have a strong culture match and many overlapping customer relationships we can grow together, our combined portfolio of services gives us the most comprehensive offering in the industry allowing us to disrupt the markets we now serve and expand beyond them," said Gary Cosmer, Lovett Inc. President & COO.

"We are thrilled to be joining forces with the Lovett organization. They are a proven winner and the combination of our two organizations brings a unique value to the industry.
This opportunity is the natural progression of our "Achieving Greater Results through Teamwork" motto," said Stuart Babicky, Synergy Restoration & Construction LLC. Founder & CEO.

Synergy will continue to operate under their existing brand and at their current location for up to one year during the transition.

About Lovett Inc.

Lovett is a construction services company providing excavation, directional drilling, plumbing, drain cleaning, vac-truck, and masonry restoration services. The company serves the greater Portland and SW Washington metro areas by providing a multitude of construction services specializing in emergency services, project consultation, building maintenance, service repair and installation. www.lovettservices.com

About Synergy Restoration & Construction LLC.

Synergy is a full-service restoration company providing fire, smoke, water, and storm damage containment, repair, and remodeling services. The company serves the Northwest specializing in commercial and residential emergency crisis response mitigation and remediation using the most recent technology and state-of-the-art procedures to reduce exposure and restore normalcy as soon as expeditiously possible. www.synergyrnc.com

Contact: Heather Cutler / 503-351-5109 / [email protected]

SOURCE Lovett Inc.