FOSTER CITY, CA: April 1, 2022 – TSR Concrete Coatings (“TSR”), a portfolio company of Bertram Capital (“Bertram”) and a provider of residential concrete coating solutions is pleased to announce the merger of TSR with Ninja Coatings (“Ninja”) and PolyPro Concrete Coatings (“PolyPro”). TSR, Ninja, and PolyPro are leading brands in the home services space with strong reputations for providing superior concrete coating solutions with exceptional customer service. The combination expands TSR’s service territory in Indiana and into Florida, Louisiana, Alabama, Georgia, Mississippi, and Colorado. Terms of the transactions were not disclosed.
Simultaneous with the closing of the Ninja and PolyPro transactions, Bertram Capital has formed The ReVamp Companies (“ReVamp”), a platform for the nation’s leading home-improvement brands, specializing in residential concrete coatings and other services designed to enhance the aesthetic and appearance of our customers’ homes. ReVamp will leverage best practices in marketing, operations, sales, and sourcing to drive sustained growth across each company.
“TSR is extremely excited and proud to partner with the Ninja and PolyPro teams” said Jeff Gear, CEO of TSR Concrete Coatings. “Ninja and PolyPro are high quality businesses with great reputations for delivering best-in-class customer service and support. They are leaders in their respective markets, and we are thrilled to welcome them to our ReVamp family of companies.”
“The idea of joining the largest national concrete coating platform is very exciting. Together, we will accelerate our collective growth by pairing best practices with our dedicated teams and local expertise,” said Mike Redmond, Ninja’s Founder. “We are all excited to leverage our collective sales and marketing acumen, employee training and development programs, and market-leading service offerings to support the long-term success of our team.”
The investments in Ninja and PolyPro represent the first and second add-on acquisitions completed by ReVamp since the investment by Bertram in February ‘22. ReVamp will continue to actively seek partnerships with leaders in the garage, flooring, and broader residential services category.
About The ReVamp Companies
The ReVamp Companies is the leading national platform of residential services installer of floor coatings. Based in Lena, IL and operating across multiple states, the company provides concrete coating solutions for garages, basements, patios, pools, driveways, and other in-door and out-door areas. They operate professional and service-oriented install teams and are highly reviewed and recommended by customers. For more information, please visit the Company’s website www.TheReVampCompanies.com.
About Ninja Coatings
Ninja Coatings is a leading installer of floor coatings in the Southeast. The company is based in New Orleans, LA with a strong presence in Louisiana, Florida, and the surrounding regions. For more information, please visit the Company’s website www.ninjacoatings.com.
About PolyPro Concrete Coatings
Based in Ft Wayne, IN, PolyPro Concrete Coatings is among the largest providers of concrete coatings in Northeast Indiana. For more information, please visit the Company’s website www.polyprofloors.com.
About Bertram Capital
Bertram Capital is a private equity firm targeting investments in lower middle market companies. Since its inception in 2006, the firm has raised over $2.2B of capital commitments. In addition to supplying strategic growth capital, Bertram Capital leverages proprietary processes and services, Bertram High-5sm and Bertram Labs, to empower its portfolio companies to unlock their full business potential. The Bertram High-5sm is an operationally-focused value creation strategy, which includes management augmentation, operational initiative implementation, complementary business acquisition, sales and marketing improvements, and leveraging technology and IP. The cornerstone of this strategy is Bertram Labs, its in-house technology team, which seeks to drive growth and value through digital marketing, e-commerce, big data and analytics, application development, and internal and external platform optimization. Visit www.bcap.com for more information.
