NEW HAVEN, Conn., July 25, 2017 (GLOBE NEWSWIRE) -- Woodbridge International, an innovative middle-market mergers and acquisitions firm, is pleased to announce the sale of its client, Concrete Polishing & Restoration, Inc. (CP+R) of Caryville, Tennessee, to Servants’ Heart, LLC, a Sterling, Virginia-based investment group.
Founded in 2004, CP+R is one of the largest concrete polishing companies in the U.S. The company serves a national base of leading retail and commercial customers, including several publicly-held retail chains. CP+R’s selling shareholders, Tony Simpson and Michael Clarke, will retain ownership in the new entity, and both will continue to be active in running the company.
Servants’ Heart, LLC is a group of investors led by Jeff Yoh. Many of its investors also participated with Jeff in the 2008 acquisition of Virginia-based Jenkins Restorations, LLC, which today operates 21 locations across the country.
Headquartered in New Haven, CT, Woodbridge International, a global M&A firm, was founded in 1993 and has 30 offices worldwide.