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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

Titan Holdings Announces Westward Expansion With Acquisition of Pacific Bath

January 6, 2022 GMT

CORAL GABLES, Fla.--(BUSINESS WIRE)--Jan 6, 2022--

Titan Holdings (“Titan”), via its Renuity subsidiary, today announced the acquisition of Pacific Bath Company (“Pacific Bath”), a leading home improvement company offering walk-in bath, shower, and gutter products across the Pacific Northwest. The transaction bolsters the roster of Renuity’s portfolio of remodelers and marks yet another high-profile acquisition for Titan, the eighth overall since its 2019 launch. As 2021 closed, the home improvement innovator had grown its footprint to 21 states.

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“Pacific Bath is an amazing business, growing faster than any other acquisition target we have looked at in 2021,” said Daniel Gluck, Titan CEO. “Expansion to the West Coast is not something I thought we would get to for another year or two, but when you can partner with a business as high quality as Pacific Bath, you jump at the opportunity. Roy, Todd and the team at Pacific Bath are amazing operators and will be welcome additions to our Renuity business. I know they will benefit from the technology, marketing, recruiting and analytics resources that the Titan umbrella provides.”

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As an exclusive dealer for Kohler, Pacific Bath has spent the past five years executing 15,000-plus projects and earning high marks from its customers, who keep coming back. The transaction also includes Pacific Gutter, which provides gutter protection to consumers in Washington and Oregon. Renuity will help jumpstart the gutter business after a strong start in its first year.

“There is a lot to be excited about in this deal, but we are most excited about the opportunity to grow our business and utilize the suite of services provided by Titan and Renuity,” said Roy Bletko, Managing Partner of Pacific Bath. “Their organizational infrastructure should only serve to enhance everything we are doing here at Pacific Bath. I am happy that our customers and employees will continue to be well taken care of and that Titan will help us to expand our footprint over the coming years.”

Pacific Bath employs 280 professionals across their four key markets. That workforce will remain in their capacity and will now fall under the Renuity vertical of Titan’s business.

About Titan Holdings

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Formerly “Titan Home Improvement,” Titan Holdings features two home-related verticals, including a portfolio of national home improvement operating divisions (“Renuity”) and a technology platform focused on building out a superior managed solution for the home services industry (“Bylt”). The holding company aims to leverage its portfolio of assets to revolutionize the end-to-end residential remodeling process. Titan Holdings is based in Coral Gables, Fla.

About Renuity

Renuity is a portfolio of national home improvement operating divisions owned by Titan Holdings and operating across the United States. These businesses include best-in-class organizations like FHIA Remodeling, Mad City Windows & Baths, Statewide Remodeling, Home Smart Industries, MaxHome, and Paradise Home Improvement. Collectively, these businesses have helped hundreds of thousands of homeowners get quality remodeling services and reliable installation at a competitive price.

About Pacific Bath Company

Pacific Bath Company is a home remodeler based in Portland, Ore. providing superior bath remodeling products and services since 2016. Pacific Bath operates in Washington, Oregon, Nevada and Arizona, and has served more than 20,000 customers. As a certified KOHLER walk-in bath provider, Pacific Bath uses the professional knowledge to transform your outdated bath into a relaxing oasis. The company’s goal is to foster an energetic and enthusiastic environment in which associates at all levels are encouraged to be responsive and act with a sense of accountability.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220106005218/en/

Iliana Garcia, news@titanholdings.com

KEYWORD: UNITED STATES NORTH AMERICA ARIZONA WASHINGTON NEVADA OREGON FLORIDA

INDUSTRY KEYWORD: INTERIOR DESIGN RETAIL ARCHITECTURE OTHER CONSTRUCTION & PROPERTY HOME GOODS RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: Titan Holdings

Copyright Business Wire 2022.

PUB: 01/06/2022 01:00 PM/DISC: 01/06/2022 01:02 PM

http://www.businesswire.com/news/home/20220106005218/en