Ropes & Gray represented Bain Capital in a growth investment in Power Home Remodeling ("POWER"), the nation's leading exterior home remodeler. Sixth Street and Harvest Partners Structured Capital also participated in the investment, which will support POWER's continued expansion. The transaction was announced on May 4.
POWER is the nation's largest full-service exterior home remodeler, with more than 5,000 employees, over one million lifetime customers, and $1.7 billion in annual revenue. Headquartered in the Philadelphia region, the company has differentiated itself through a centralized operating model and a proprietary platform that supports its sales, installation, and customer experience processes at scale.
Bain Capital is one of the world's leading private investment firms, founded in 1984, with approximately $225 billion in assets under management.
The Ropes & Gray team was led by capital solutions partners Sarah Schaffer Raux and Jessica Cooney, capital solutions counsel Jeremy Zucker, finance partner Byung Choi, tax partner Amanda Holt, intellectual property partner Erica Han, employment partner Megan Bisk, executive compensation & benefits partner Renata Ferrari, asset management partner Jon Rash, and data, privacy & cybersecurity partner Rob Silvers.
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