Frank Torre and Mark Davis acquire PuroSystems of Tamarac, Florida to combine forces with Signal Restoration
PuroSystems, Inc., of Tamarac, Florida, a residential and commercial property restoration company with franchise locations across the United States and Canada, has been acquired by property restoration business owners Mark Davis and Frank Torre of Michigan. Mark Davis and Frank Torre own and operate Signal Restoration Services, known for delivering the highest level of customer service and specializing in large commercial and industrial restoration projects throughout the U.S., most notably as the firm brought in by the City of New York following Superstorm Sandy.
“Mark Davis and Frank Torre are both highly respected, experienced and committed owners who are ready to take their companies to the next level. It’s a very exciting time to be a PuroClean franchise owner.”
Plans call for aggressive expansion of PuroSystems to grow its international footprint from more than 200 locations to become a worldwide player in the disaster recovery business, and expand services to better meet the needs of large commercial and institutional customers. It is the goal of Mark Davis and Frank Torre to double the number of PuroClean franchise locations in the next several years.
PuroSystems operates under the brand, PuroClean, with 34 full-time employees and 232 franchise locations in 34 states and five Canadian provinces, providing fire and water restoration, water mitigation, contents cleaning, mold abatement and biohazard clean up. The locations will continue to operate under the PuroClean® brand, and company headquarters, and a fire and flood disaster training center, will remain in Tamarac, Florida. The company will continue as a sponsor of the American Red Cross.
PuroSystems has 1,500 employees system-wide and revenue of $74 million in 2014.
Mark Davis and Frank Torre have decades of experience running successful companies in the restoration and construction industries. In 2012, they acquired Signal Restoration, founded in 1972, which has become a leader in large property damage cleanups and restoration for residential, commercial, industrial, institutional and historic properties. Headquartered in Troy, Michigan, the Signal Restoration has 150 employees at offices in Michigan, California, Texas, Tennessee, Florida, New York and Kansas, and operates a dedicated national disaster team for quick response across the United States.
Signal Restoration has handled some major cleanup and recovery projects including the mobilization of 900 workers and thousands of pieces of equipment to aid five New York City hospitals, including a level one trauma center, following Superstorm Sandy, as well as recent disaster restoration projects for Anaheim Stadium in Anaheim, California, the Detroit Medical Center and the Detroit Zoo. Signal Restoration also has preferred status with many insurance companies.
In 2014, revenue was in excess of $50 million. In 2013, revenue was $140 million as a result of Superstorm Sandy clean-up efforts.
In the acquisition, Mark Davis and Frank Torre purchased 80 percent of PuroSystems stock with 20 percent remaining with existing shareholders. Davis will become PuroSystems CEO and chairman, and current CEO and chairman David McKinnon will step down, but will remain as a minority shareholder. Frank Torre will serve as vice-chairman and board member. All other members of the PuroSystems management team will stay in their positions.
“PuroClean is gaining a new CEO with the vision to continue to grow its offerings,” McKinnon said. “Mark Davis and Frank Torre are both highly respected, experienced and committed owners who are ready to take their companies to the next level. It’s a very exciting time to be a PuroClean franchise owner.”
PuroClean franchise owners will gain access to regional training centers at Signal Restoration’s facilities in Clinton Township, Michigan and Orange County, California, with an emphasis on providing a broader range of services to large commercial and institutional customers. Franchise members will also have access to an expanded online training library and will get assistance in expanding preferred provider status among insurance companies and in providing pre-loss planning programs to regional, national, and multi-national companies.
The disaster recovery and restoration industry continues to grow as does new construction and the value of insured property. Natural disasters and increasing threats of domestic terrorism are adding to growth in the sector along with what Davis says is greater sophistication of restoration services as more such companies are becoming full-service providers.
“We look forward to continuing to elevate our capabilities and the value we bring to our customers,” Davis says. “We cannot influence Mother Nature. But we can continue to improve our overall customer service and we do that through training and a culture committed to genuine concern for our customers. This we can influence, control and focus on every day.”
Frank Torre was recently inducted into the International Institute of Metropolitan Detroit’s Heritage Hall of Fame.
Following its inception in 1919, the International Institute of Metropolitan Detroit (IIMD) has been committed to recognizing outstanding individual who have contributed to the American way of life, support multiculturalism, and the preservation of unique cultural traditions. In the early eighties, the IIMD, in an effort to formally recognize outstanding leaders from different cultures and honor their incredible achievements and contributions to the America way of life, created the Heritage Hall of Fame Award. The Hall of Fame Award recognizes such exceptional leaders from various ethnic backgrounds and celebrates their outstanding contributions to the American way of life. The individual who have demonstrated their commitment to multiculturalism and have generously supported ethnic and cultural traditions are honored for their exemplary lives, careers, and achievements that truly embody and perpetuate the heritage of the American way of life with the prestigious Heritage Hall of Fame Award.
Frank Torre joins a prestigious roster of past honorees which include Edsel B. Ford II; Dennis Archer, the former Mayor of the City of Detroit, Alex Manoogian, Mike Ilitch, owner of the Detroit Red Wings / Detroit Tigers, Frank Stella, as well as many other notable figures whose photographs have been forever memorialized and are proudly displayed inside the Hall of Fame Gallery located in the Main Atrium of the COBO Center Convention Hall in the heart of Downtown Detroit.
During the Heritage Hall of Fame Dinner, The International Institute of Metropolitan Detroit awarded its coveted Hall of Fame Award to Frank Torre for his outstanding commitment to rebuilding and beautifying the city of Detroit and its surrounding metropolitan areas. The Heritage Hall of Fame celebration and the award ceremony to honor Frank Torre’s achievements was held at the beautiful Ambassador Ballroom at the famous Renaissance Hotel overlooking the Detroit River. Following the celebration, Frank Torre’s photograph was permanently framed and memorialized in the Hall of Game Gallery located in the Main Atrium of the Cobo Center in the heart of Downtown Detroit.
Recently the landscaping crew truck used in these Downtown beautification efforts was donated to Clean Downtown by Torre & Bruglio, one of the state’s largest horticultural and landscaping contractors whose landmark projects include the Penske Corporation and Chrysler World Headquarters, Detroit Tigers at Comerica Park, and the Detroit Zoo. Frank Torre, a Michigan entrepreneur, businessman, and philanthropist is CEO and chairman of both Torre & Bruglio, and Signal Restoration Services, a full-service contractor that specializes in property loss mitigation and has restored properties in Michigan and across the country. Headquartered in Troy Michigan, some of the company’s high-profile projects include three major hospitals in Brooklyn, Manhattan, and Roosevelt Island in the aftermath of Hurricane Sandy in October 2012.
The donated equipment has been loaned for the last several years by Torre & Bruglio and in addition to being used to help clean Detroit, is being used by Clean Downtown and Goodwill Industries of Greater Detroit to train workers in landscape management while helping make Downtown Detroit a more beautiful place to live, work and play.
The president of the Downtown Detroit Partnership, which administers Clean Downtown, has been quoted as saying that “Keeping Downtown looking its best is a team sport and we’ve had the best team working with…. Torre & Bruglio ….. in our efforts to keep Downtown Detroit looking cleaner and greener while helping workers obtain valuable job skills.”
The landscaping crew truck is a welcome and permanent addition to the Clean Downtown fleet of trucks seen in and around Downtown Detroit keeping things picked up and clean. It provides much needed transportation to the workers in the Goodwill landscape management program. This collaborative effort has resulted in newly trained workers and the lovely landscaping that has made Downtown’s landscape pop with color and green ways.
In addition to providing the truck, Torre & Bruglio has generously shared its vast expertise and helped train workers by giving them a much needed and valued skills set.
“The company of Torre & Bruglio, led by Frank Torre, …… has played a significant role in helping Detroit’s disadvantaged find their way back into employment and personal dignity,” said Goodwill Industries of Greater Detroit Vice President Lindsay Chalmers. “They have for many years partnered with Goodwill to assist with teaching of new skill sets surrounding landscape maintenance and the gift of this truck is but one more example of their level of caring.”