DPIS Builder Services

Background

Established outside Houston, Texas in 1988 as a home inspection firm, DPIS Builder Services (“DPIS”) has grown to become a full-service engineering, inspection, and quality assurance firm primarily serving residential home builders. As of 2014, DPIS had grown significantly in Texas by acting as a quality control arm for medium to large residential builders. The company’s founder was seeking a transaction that would provide liquidity and a pathway to retirement for certain original management members along with career and ownership opportunities for next generation managers. DPIS characteristics include: (i) strong base of loyal customers; (ii) operation in attractive/favorable geography; (iii) robust, proprietary technology platform; and (iv) deep management team.

Transaction & Post Closing

In December 2014, Brass Ring sponsored the recapitalization of DPIS in a transaction that generated liquidity for the original management group along with ownership and increased responsibilities for next generation managers. The deal was completed in conjunction with a strong operating executive who joined the board to help support DPIS’ growth strategy. Post-closing accomplishment include: (i) recruitment of strong CEO, CFO and CIO; (ii) geopraphic expansion into new operating territories beyond Texas; and (iii) acquisition of several energy testing firms including Simple Energy Testing, Home Energy Group, Cool Testing and Infrared Solutions. In July 2019, DPIS was sold to Saw Mill Capital. The transaction provided significant liquidity and ongoing career opportunities for management.