Currently Reading

Renovo Acquires Large Remodeler

Business — Home Improvement

Renovo Acquires Large Remodeler

The private equity-backed network widens its national footprint by adding the largest single-location remodeler in the U.S.

By Drew Barto October 18, 2022
Renovo Home Partners acquires Minnesota Rusco

Dallas-based Renovo Home Partners continues to expand nationwide with the acquisition of Minnesota Rusco, marking its seventh such investment in the home improvement space since launching earlier this year.

For Renovo, the purchase is the first of a company in the Midwest. It adds Minnesota Rusco to a powerhouse of a portfolio that includes industry-leading giants Dreamstyle Remodeling, Alure Home Improvements, Remodel USA, NEWPRO Home Solutions, Woodbridge Home Solutions, and Reborn Cabinets. The deal with Minnesota Rusco was announced on October 13, 2022.

“It is the brand in Minnesota,” said Renovo’s Chief Executive Officer John Dupuy. “What we’re doing is a buy and build strategy. We buy great regional leaders like Minnesota Rusco and we’re adding to them with best-in-class IT systems, HR, finance, and accounting. It truly is a partnership.”

Minnesota Rusco has offered a wide array of home improvement products in its 65-plus years of service. It sells replacement windows, doors, and siding under the Minnesota Rusco Brand, but also offers bath remodeling and tub-to-shower conversions under the Minnesota Shower and Bath brand and kitchen restyling under the Rusco Kitchen Remodeling (RKR) brand.

At $60 million in annual revenue, Minnesota Rusco leadership believes it’s the largest single-location remodeler in the United States. So, it’s not surprising that it was courted by at least a half dozen private equity firms over the past six months.

“I chose Renovo because I was interested in staying in the business and mentoring the young leadership that’s really running the place,” said Minnesota Rusco’s Chief Executive Officer Jay Deems. “The name–Renovo Home Partners–partners is a key word. They acquire but you keep your name, your brand, and your leadership–and they just provide assistance to grow. And it was important to me that I work with good people.”

This deal comes one month after the announcement that the country’s largest outdoor remodeling company, System Pavers, was acquired by The Cranemere Group in a separate private equity partnership.

written by

Drew Barto

Drew Barto is director of home improvement for Pro Remodeler. He most recently served as the Director of Marketing at Energy Swing Windows in Pittsburgh. Contact him at dbarto@sgcmail.com or 412-607-7820.

Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and email addresses turn into links automatically.
  • Lines and paragraphs break automatically.

Related Stories

Josh Sparks: To Infinity (Exteriors) and Beyond

A roofer-turned-CEO who’s succeeding in his mission of up-leveling the industry

Home Improvement Success: Luck, Hard Work, or Who You Know?

Even the most brilliant marketing mind could see fewer opportunities due to lack of networking

Why A Successful Custom Remodeler Started a One-Day Bath Business

On this episode of Rock Stars of Remodeling, Showcase Remodels Owner Sam DeMaio shares why he decided to add a one-day bath business and offers tips on how contractors can accumulate wealth

3 Tips to Trim the Fat in Your Business

Director of Home Improvement Drew Barto writes that making these difficult decisions could help improve your bottom line

New FCC Rules Will Force Home Improvement Industry to Adjust Business Practices

The regulations require more robust consumer consent and will impact contractors and lead aggregators

4 Keys to Home Improvement Hiring

Successful recruiting and retention strategies from the CEO of exterior remodeling company The Home Doctor

Tips to Help Contractors Recruit Top Talent and Overcome Labor Issues

On this episode of Rock Stars of Remodeling, The Home Doctor CEO Phillip Gehrig joins host Drew Barto to share tips on how to hire and retain talent

Pro's Pick: A Cloud-Based Internal Training Platform

This Pro’s Pick helps contractors streamline their onboarding and training processes

Nothing But Net (Profit)

Surprising similarities between managing profitable home improvement businesses and successful youth basketball organizations

How Mission, Vision, and Values Drive Exceptional Customer Experiences

By aligning these three core principles, contractors can create raving fans who refer their business for life


More in Category