One of the largest home improvement companies in Florida completed the first phase of its national growth strategy with the acquisition of a Texas remodeling company, according to a news release. Florida Home Improvement Associates (FHIA), Florida's largest replacement contractor in the Remodeling 550 for the past three years, acquired Texas-based Statewide Remodeling.
This purchase represents the first phase of FHIA's planned expansion outside its current home market of Florida. Florida Home Improvement Associates is uniquely positioned for continued growth with the financial backing of York Capital Management, an investment firm with over $18 billion in assets under management.
"We are thrilled to be partnering with Statewide, which shares our unsurpassed commitment to quality and best-in-class customer service across all areas of home improvement," said Mel Feinberg, founder & CEO of FHIA.
Statewide Remodeling has offices and showrooms in Dallas, Austin, Houston, and San Antonio, serving over 40,000 customers, and is currently expanding its offerings to Oklahoma and Arkansas. Statewide's commitment to customer service has earned it the coveted "Consumers' Choice Award" for the past ten years straight. Statewide has also been named "Service Provider of the Year" by multiple large retail establishments over the past ten years.
Both companies will retain their current organizational structures and focus on opportunities to provide an even broader portfolio of services to consumers.
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