Renovo Home Services appears to have ceased operations Oct. 29 and shuttered the numerous remodeling and home improvement companies under its umbrella.
Audax Private Equity announced the creation of Dallas-based Renovo Home Services in 2021, forming the company through the acquisitions of Alure Home Improvements, Dreamstyle Remodeling, Minnesota Rusco, Newpro Home Solutions, Reborn Cabinets, Remodel USA, and Woodbridge Home Solutions.
The company has not released an official statement and a message sent to the company has not been returned. News of the shutdown was first announced by many former employees on their LinkedIn accounts and social media posts.
Among them was Vince Nardo, former Reborn Cabinets CEO and former division leader with Renovo, who wrote, “Today, I woke up with a heavy heart realizing that Reborn Cabinets, along with several sister companies founded and led by close friends, has come to an end.” Nardo sold his company, which was founded by his father in 1983, to the private equity firm in 2022 and stepped away from his role as president of Reborn Cabinets and Dreamstyle remodeling in late 2024.
He mentioned that more than 2,500 employees and their families are expected to be affected, and that thousands of homes will be left unfinished.
Nardo added: “This is what happens when leadership loses sight of what matters most…and when money and a spreadsheet become the only focus.”
