Redwood Services, a home services firm focused on investing in heating, ventilation, air conditioning, plumbing and electrical services companies in the U.S., has made an investment in Best Care Home Services.
Best Care was founded in 2009 by Brian Reed. The business has approximately 90 full-time employees serving the metro areas of Memphis, Tenn. and Huntsville, Ala., with a customer base of over 40,000 homeowners. Reed will retain a significant minority ownership stake as part of the investment. Redwood will offer operational, strategic and financial support to drive the company’s growth, while the Best Care team will continue to operate and manage the business under the Best Care name. Best Care is Redwood’s ninth platform investment.
“With Redwood, we have a partner that will put our people first and invest to accelerate our growth as we meet the high expectations of our colleagues and communities,” says Reed.