Salisbury Moore, a leading national renovation company specializing in the hospitality sector, recently secured an investment from a group of private equity firms, including Farragut Capital Partners. This investment will allow Salisbury Moore to continue its impressive growth trajectory and further solidify its position as a premier renovations provider.
This strategic partnership brings together Salisbury Moore’s expertise in hospitality renovations with the financial strength and guidance of Progress Equity Partners, NewSpring, Farragut Capital Partners, and Salem Investment Partners. The investment will fuel Salisbury Moore’s expansion plans and enable the company to capitalize on the growing demand for hotel construction and renovation projects across the United States.
Farragut Capital Partners: A Strategic Investor
Farragut Capital Partners, a lower middle market private debt and equity firm, sees significant potential in Salisbury Moore’s business model and leadership. Javier Aguirre, Managing Partner of Farragut, expressed confidence in the company’s ability to enter a new era of growth, citing its strong leadership and industry acumen. This investment aligns with Farragut’s strategy of supporting high-performing companies in dynamic industries. Farragut’s investment portfolio includes over 60 companies since 2012, demonstrating their commitment to fostering growth in the lower middle market.
Salisbury Moore: A Leader in Hospitality Renovation
Salisbury Moore’s President, Andrew Harvick, emphasized the company’s commitment to providing superior service and construction expertise to its hospitality customers. This dedication has resulted in exceptional outcomes for both the business and its clients, attracting the attention of prominent investment firms like Farragut Capital Partners. Salisbury Moore boasts a growing customer base that includes some of the world’s largest hotel brands, a testament to its reputation for quality and reliability.
A Shared Vision for Growth
The investment partners share a common vision for Salisbury Moore’s future. Steve Sangalis, Partner at Progress Equity Partners, lauded the company’s growth into a national leader and expressed enthusiasm for its continued expansion. Logan Trotter, Principal at Salem Investment Partners, highlighted Salisbury Moore’s strong customer relationships and its ability to capitalize on the expanding need for hotel renovations across the U.S. This collaborative approach, combining financial resources with strategic guidance, positions Salisbury Moore for sustained success in the competitive hospitality renovation market.
About the Investment Partners
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Farragut Capital Partners: A lower middle market private debt and equity firm with over $500 million under management, focused on mezzanine investments in operating businesses throughout the United States.
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Progress Equity Partners: A Denver-based private investment firm that partners with successful companies to scale their businesses for further growth.
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NewSpring: Manages approximately $3.5 billion across five distinct strategies covering growth equity, control buyouts, and mezzanine debt.
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Salem Investment Partners: Specializes in debt and equity investments in lower middle market businesses, with over $500 million under management.
This significant investment in Salisbury Moore underscores the company’s strong market position and its potential for continued growth within the hospitality sector. With the support of Farragut Capital Partners and its fellow investors, Salisbury Moore is poised to further elevate its position as a leading provider of high-quality renovation services to the hospitality industry.
