Dominus beats off PE rivals to seal BluSky Restoration Contractors investment

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Mid-market US private equity house Dominus Capital has completed a deal for restoration, renovation, environmental and roofing services business BluSky Restoration Contractors.

BluSky offers its services to property managers and companies providing property insurance or managing property insurance claims.

Kent Stemper, CEO of BluSky, said, “Over the past few months, our executive leadership team interviewed several private equity firms, and, in the end, the team chose exactly the right partner for BluSky, Dominus Capital.

“For us, our culture is paramount. Dominus clearly understood this. Their expertise in growing middle market firms and partnering with them on strategic acquisitions is exactly what is needed for us at this stage.”

Dominus partner Ashish Rughwani added, “We are eager to apply our network and knowledge of the restoration and environmental remediation space to support the company’s strong organic growth potential and pursue add-on acquisitions in adjacent geographies and complementary service offerings.”

Dominus held a $400m hard cap close for its second fund two years ago, easily beating its initial $350m target.

The firm targets investments in the business services, consumer and industrial sectors.

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