
Generational Group Advises ASR Construction in Sale to Interstate Restoration
By Generational Group
07/23/2019
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, ASR Construction, Inc. to Interstate Restoration. The acquisition closed July 15, 2019 and details were not disclosed.
ASR Construction, located in Oxnard, California, is Ventura County’s largest restoration company. ASR’s professional and certified team offers 24/7 service and specializes in water damage removal & repair, fire damage repair & restoration, mold remediation, sewage damage, trauma scene clean-up, asbestos abatement, board-ups to property and emergency pack outs. The Company is a licensed contractor in California and holds certifications from a number of organizations based on its expertise in restoration and remediation.
Interstate Restoration, headquartered in Ft. Worth, Texas, is one of the largest emergency restoration and reconstruction service providers for commercial enterprises in North America. With more than 50 locations spread across the U.S. and Canada, they have a proven record of providing rapid disaster response in every corner of North America. Throughout their more than 20-year history, they have constantly focused on delivering outstanding customer experiences and building their reputation on industry-leading safety programs and job quality. That’s why everyone from Fortune 500 companies to small businesses turn to Interstate Restoration to get back to business after disasters.
“We are eager to combine forces with Interstate Restoration as we help businesses in Southern California recover from wildfires, floods, mudslides and other disasters,” said Kirk Prouse, founder and CEO of ASR Construction. Prouse will continue to provide his expertise in the Southern California market, serving as regional director of Southern California.
“We are pleased to welcome the excellent managers and staff of ASR into the Interstate Restoration family, and we look forward to the additional strengths that this new combination will give us in Southern California,” said Interstate CEO Stacy Mazur.
Generational Group Executive Managing Director of M&A – Western Region, Stephen Crisham with support from Managing Director-Western Region, Lori Galloway, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with ASR Construction.
“ASR Construction has a strong foothold and name recognition in Ventura County and the surrounding regions,” said Crisham. “This made it a particularly attractive target for Interstate Restoration who is looking to further expand its presence in the Southern California emergency restoration market.”
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.