Redwood Solutions Announces Expenditure in John C. Flood of Virginia

MEMPHIS, Tenn.–(Business enterprise WIRE)–Redwood Expert services (“Redwood”), a residence products and services company focused on investing in major residential HVAC, plumbing and electrical products and services companies in escalating U.S. markets, currently declared it has agreed to invest in John C. Flood of Virginia (“John C. Flood”). Launched in 1904, John C. Flood features plumbing, heating, air conditioning and electrical companies to homeowners in the Washington D.C. metropolitan area and is a person of D.C.’s oldest and most trustworthy brands.

Jim Seltzer, president of John C. Flood, will keep a considerable minority possession stake. Jim and his team will keep on to run and manage the enterprise under the John C. Flood identify. Redwood will help John C. Flood operationally, strategically and fiscally – with the cash and sources to greatly enhance John C. Flood’s expansion in the D.C. industry.

John C. Flood is the second platform investment decision for Redwood, pursuing the company’s expense in Tucson-dependent Ceremony Way Heating, Cooling and Plumbing (“Rite Way”) in December 2020 and Ceremony Way’s tuck-in acquisition of Tucson-primarily based All Professional Rooter & Plumbing in April 2021. With the financial investment in John C. Flood, Redwood expands its attain from the Southwest U.S. to the East Coastline as it seeks to build out a nationwide network of leading dwelling providers organizations.

“With 116 decades of procedure, the Firm has been and remains fully commited to placing folks first, reliability, competence, and higher ethical benchmarks – earning the have confidence in of its lengthy-time shoppers, employees and suppliers,” said Richard Lewis, CEO of Redwood Companies. “We’re thrilled to welcome Jim, Pat and the complete John C. Flood relatives into our own Redwood relatives and we are honored to have the possibility to help them achieve their future chapter of progress.”

“We, at John C. Flood, are very pleased of the status we have acquired within just the D.C. community,” explained Jim Seltzer, president of John C. Flood. “Our partnership with Redwood is a recommitment by me and my team to our shoppers, our workforce and our sellers and to new customers in the encompassing places who have still to do the job with us. Redwood presents us deep operational and strategic skills, M&A know-how and money to devote in the two our workers and our customers. Most importantly, the Redwood Staff is comprised of very good persons who have an understanding of our culture and are dedicated to preserving and improving it.”

About Redwood Solutions

Founded in 2020, Memphis-based Redwood Expert services is developing a relatives of men and women-targeted vital property assistance corporations, actively investing in the HVAC, plumbing and electrical trades throughout the United States. Redwood operates a few brand names in the Arizona, D.C., Maryland and Virginia markets as it seeks to develop out a national community of leading property products and services corporations. For far more facts, check out RedwoodServices.com.