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Prior
to joining InStar, Mr. Davis was co-founder, President and CEO of
BELFOR USA. When asked about his new position with InStar, Mr. Davis
commented, "I am extremely excited to join the InStar organization
and have the opportunity to work with the talented team they have in
place. My plan is to grow the business and expand our coverage to be
nationwide while continuing to deliver the highest quality service
to InStar's customers." Mr.
Davis' vast industry expertise and entrepreneurial background fits
well with InStar, a business focused on providing personalized
service in the demanding disaster response and insurance
reconstruction industry. Mr. Davis began his career in the insurance
restoration business in 1996 through the acquisition of Rocky
Mountain Catastrophe in Denver, Colorado where he grew the business
from just one to eight offices in three years. In 1999, he partnered
with BELFOR International to lead their entrance into the North
American market by creating BELFOR USA. Under Mr. Davis' leadership
BELFOR USA became the largest disaster response company in the
United States through a combination of targeted acquisitions and
organic growth. David
Demos, who has led InStar since 2003, has become Vice Chairman and
will work with Mr. Davis as he transitions into his new role. "We
are fortunate to have Mark Davis join the InStar team. We have built
a strong company over the past seven years and the addition of Mark
with his industry experience and track record is exciting for the
InStar team and our customers," stated Demos. "Mark's
decision to join InStar is a testament to the Company's position as
one of the leaders in the industry," stated Jason Runco, Partner at
BlackEagle Partners. "We are excited about InStar's future prospects
and the addition of Mark further reinforces our commitment in the
business." About
InStar Based
in Fort Worth, Texas, InStar is a leading national provider of
disaster response, insurance restoration and reconstruction services
operating from 14 branches throughout the East Coast, the Southeast
and Texas. In addition to disaster response, services include
response to fires, floods, water-line breaks and storm damage in
order to return damaged property to its pre-loss condition. The
Company also provides structural maintenance, renovation and
modernization services to large multi-family properties. InStar
markets its services to a broad range of customers, including
retail, hospitality, manufacturing, healthcare, insurance companies
and multi-family residential property owners/managers. About
BlackEagle BlackEagle
Partners, LLC, with offices in New York, New York and Bloomfield
Hills, Michigan, is an operations focused, middle market private
equity firm that seeks to acquire businesses, non-core subsidiaries and companies in various
industries. BlackEagle seeks businesses with revenues between $50
and $500 million. SOURCE:
BlackEagle Partners, LLC BlackEagle
Partners, LLC Kimberly Lawrence, 313-647-5360 klawrence@blackeaglepartners.com
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