NEWPORT BEACH, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) — Avant Advisory Group is pleased to announce the sale of Reborn Cabinets (“Reborn” or the “Company”) to Renovo Home Partners (“Renovo”), a leading platform -form of direct-to-consumer home improvement offering fast home renovations through its nationwide network of partner companies. Avant Advisory Group served as exclusive financial advisor to Reborn Cabinets on the transaction.

Reborn has become a national leader among home improvement companies and has helped thousands of homeowners across California, Nevada and Arizona realize their home improvement dreams by achieving the look they’ve always wanted for their kitchens. and bathrooms.

By joining the Renovo family of companies, Reborn will be able to leverage Renovo’s technology and infrastructure support, enabling Renovo’s continued growth trajectory, while Renovo benefits from the addition of a West Coast operation with a established and trusted brand.

Vince NardoCEO of Reborn, said, “We are thrilled to partner with Renovo to continue our nearly 40-year history of providing homeowners with turnkey home improvement projects with an unparalleled customer experience.”

Financial director, Antoine Nardo, said, “Reborn has grown tremendously, and that growth has meant finding a partner who supports our vision to provide the support and resources needed for the next steps.”

“Vince, Anthony and the Reborn team have built a remarkable company that fits perfectly with the performance culture of Renovo’s leadership team and its other partner companies,” said John DupuyCEO of Renovo Home Partners.

Jim Davidson, Founder and Chairman of Avant Advisory Group, said, “We are honored to have assisted the Nardo family in this transaction with Renovo Home Partners, an affiliate holding company of Audax Private Equity. We’ve shared an incredible journey with Vince and Anthony as they’ve built such a great company – strategically, operationally and financially. We are both proud and grateful to have had the opportunity to work with them throughout this exciting real-life success story.

Vince Nardo commented on his work with the Avant Advisory Group team: “I was introduced to Jim and the Avant Advisory team a few years ago. Avant has been invaluable in helping Reborn prepare for a future transaction and to present the company in the best possible position. It was an honor to work with such a professional group of advisors and I am convinced that without their involvement, we would not be where we are today.”

Antoine Nardo added: “The Avant team brought a high level of experience and professionalism beyond what we had anticipated. Working with Jim and the Avant team created an environment that lifted us all up. and it was great to work with them personally and professionally.I highly recommend Avant to anyone looking to change the direction of their business, or needing to move to the next level, or preparing for a full or partial exit from Avant. his company.”

About Reborn Cabinets

Reborn offers cabinet resurfacing, complete kitchen and bath remodeling, one-day bathroom remodeling, and replacement windows directly to its customers as well as through a network of dealers at across the United States. See more information on www.reborncabinets.com.

About Renovo Home Partners

Renovo Home Partners brings together home improvement companies from across the country and gives them the tools to grow in their unique markets. Built on a culture of performance and continuous improvement, Renovo provides the platform for its partners to thrive by providing information, necessary infrastructure, processes and technology resources. See more information on www.renovohomepartners.com.

About the Avant Advisory Group

Avant Advisory Group is a leading operations-focused financial and management advisory firm. We focus on mid-market companies nationwide, combining our financial and operational skills with senior management experience to identify value opportunities and implement cash flow and profitability improvements. Clients find our financial advice and operational expertise particularly valuable during times of transition.

We are focused on adding value through M&A advisory, performance improvement, deep operational turnarounds, financial restructuring, interim management of CFO, CRO and C- Next, to medico-legal, investigation and dispute resolution services. See more information about Avant Advisory at www.avantadvisory.com.

For more information on the Reborn transaction or Avant Advisory Group, please contact the Chairman James F. Davidson, CM&AA, CM&AP, CTP, CIRA, CPA, CFF, CFE, CGMA, CBA at [email protected] or (949) 417 5708, or James A. HughesCPA, CFE at [email protected]

For all other enquiries, please contact John J. DeMartino, CPA, CGMA, FINOP, Managing Director – East Coast at [email protected] or (914) 419 0032.

Transactions Team

James F. DavidsonJames A. Hughes

President Senior Consultant

Newport Beach, California Los Angeles, California

949 417 5708 213 943 1336

[email protected] [email protected]

John J. DeMartino Steven M. Ramsey

Managing Director – Senior Consultant East Coast

[email protected] [email protected]

Transaction announcement

Avant is based in Christianity and serves God and our customers with the utmost honor and integrity.

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