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Varnum Represents Restoration Service Franchisee in Recapitalization

August 24, 2023

Varnum recently represented SERVPRO of Saginaw, a leading franchisee and provider of residential and commercial property restoration services, in a recapitalization and strategic investment by Chicago-based City Capital Ventures. Terms of the deal, which was announced July 25, were not disclosed.

Varnum represented SERVPRO of Saginaw in all aspects of the deal, negotiating and drafting transaction documents, advising on recapitalization and real estate matters, and coordinating with financial advisors, third-party banks, and other service providers to effectuate a successful transaction. Pete Roth, Jake Droppers, and Lauren Parker led Varnum’s efforts over the deal’s life cycle, with Shawn Strand, John Sturgis, and Charles Russman providing specialized expertise throughout.

“We greatly appreciate the exceptional support and guidance provided by Varnum law in successfully completing our recapitalization transaction,” said Randy Miller, CEO of SERVPRO of Saginaw. “Their in-depth knowledge, strategic advice, and impeccable attention to detail contributed significantly to the outcome of this new partnership. We recommend Varnum to anyone seeking exceptional legal services for complex transactions.”

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