Twin Cities FRSTeam Franchise Restoration Business Acquired
FRSTeam by Anderson Technical Restoration, an industry leader in fabric restoration, located in St. Paul, MN was acquired by Jerrod Lindquist on July 8, 2019. The new company name will be FRTeam North.
FRSTeam are fabric and electronics restoration experts that specialize in restoring textiles, clothing and home electronics damaged by smoke, fire, water and mold. They work directly with insurance companies to restore customer’s personal belongings and minimize the impact on their clients’ everyday life. FRSTeam has franchise locations in 48 states and in Ontario, Canada.
Founded in 1938 as Anderson Cleaners offering retail dry cleaning, the company purchased the FRSTeam franchise for Minnesota in 2009 changing their name to FRSTeam by Anderson Technical Restoration.
After a long and successful career in the dry cleaning industry, current owner Jim Rossman, has decided it is time to pass the torch to a new owner. “After 30 years of owning my business it is reassuring to know I’m turning the reigns over to a buyer that has a strong business leadership resume” said Rossman.
New owner, Jerrod Lindquist will operate the business with the same great customer service and satisfaction that FRSTeam is known for. “I’m looking forward to taking the baton and leading a well-run business onto the next level of growth” stated Lindquist.
“This transaction involved a sharp buyer with industry experience acquiring a successful franchise with a proven track record of year after year strong cash flows” stated Sam Thompson, President of Transitions In Business, the Twin Cities based M&A firm which handled the sale of this acquisition.
Franchise Business Review has ranked FRSTeam as one of the top 200 best franchises to buy in 2019 based on franchisee satisfaction and performance.
FRSTeam North is located at 620 Sims Ave, St Paul. More information about FRSTeam’s services and capabilities can be found at their company website at www.FRSTeam.com or by calling 651-776-2727.
If you are a business owner ready to sell, Transitions In Business can help. Contact us for a confidential consultation and find out why so many business owners trust Transitions In Business to sell their company.