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PatchMaster Receives Strategic Investment from MPK Partners

PatchMaster Receives Strategic Investment from MPK Partners

CHESTER, New Jersey, February 2, 2022 /PRNewswire/ — PatchMaster, a leading franchisor of drywall and plaster repair services, announced today a strategic investment from MPK Equity Partners, a Dallas-based private investment firm. The new funding will support PatchMaster’s nationwide expansion and strengthen its position as the leading provider of wall surface repair and related services to the residential and commercial markets. PatchMaster’s existing shareholder group, led by Michael Abdy, will maintain a meaningful ownership stake in the business, and Mr. Abdy and Paul Ferrara (CEO of PatchMaster) will be joining the board of directors alongside MPK. Additional details of the investment were not made public.

Founded in 2016, PatchMaster has over 110 locations across 26 states. PatchMaster’s low initial investment, non-discretionary service offering, robust profit margins, and lack of brick-and-mortar presence make it a unique and compelling franchise opportunity within the attractive home services space. As one of the only sophisticated players with a national scale focused on drywall repair services, PatchMaster is well-positioned to capture incremental market share within the large ($64 billion in the U.S.) and highly fragmented (comprised of ~135,000 businesses) drywall and insulation industry.

“We are extremely excited to welcome MPK to the PatchMaster family and look forward to working closely with the MPK team over the coming years as PatchMaster embarks on its next phase of growth,” said Paul Ferrara. “With the added financial and operational resources provided by MPK, we are even better positioned to support the accelerated growth of our franchise system.” PatchMaster has experienced robust growth since its founding in 2016, and the partnership with MPK comes at an inflection point in PatchMaster’s growth trajectory, with PatchMaster posting record-high systemwide sales and new franchise license sales in 2021.

“Paul and the entire PatchMaster team have built a category-leading home services franchise brand with significant momentum,” said Patrick K. McGee, managing partner of MPK. “We are thrilled to bring PatchMaster into our broader portfolio of home services franchise brands, and we look forward to supporting PatchMaster in its next stage of growth.”

About PatchMaster

Headquartered in Chester, New Jersey, PatchMaster is a home services franchise brand offering customers a fast and professional solution for drywall repairs. The company provides high-quality drywall services for small holes, dings, and dents, typically finishing jobs in one visit. Launched in 2016 and offering franchises since September 2017, PatchMaster has sold over 150 territories to more than 75 franchisees across the United States and Canada. PatchMaster is positioned to revolutionize the home services industry as a pioneering drywall franchise.

Visit patchmasteropportunity.com or call (973) 944-1192 to learn more.

About MPK Equity Partners

MPK Equity Partners is a Dallas, Texas-based private investment firm, which invests in growing, profitable, founder-owned businesses. MPK’s patient and flexible approach allows for control, non-control, and growth equity investments, and unlike a traditional private equity sponsor, is not constrained by institutional fundraising cycles. PatchMaster marks MPK’s 6th home services franchisor investment, with other MPK home services franchise brands including Restoration 1, bluefrog Plumbing + Drain, The Driveway Company, Softroc, and Zoom Drain. Additional MPK franchisor investments include Unleashed Brands and its portfolio of Urban Air, Snapology, The Little Gym, and Premier Martial Arts, as well as Radiance Holdings and its portfolio of Sola Salon Studios and The Woodhouse Day Spa. To learn more about MPK Equity Partners, visit www.mpkequitypartners.com.

Media Contact:
Marketing Department
PatchMaster Franchise, LLC.
(973) 944-1228
marketing@patchmaster.com

SOURCE: MPK Equity Partners

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© 2024 PatchMaster Franchise, LLC. All Rights Reserved.

PatchMaster® is a registered trademark of PatchMaster Franchise, LLC. Each PatchMaster Franchise Office is Independently Owned and Operated. Nothing on this website is intended, and shall not be deemed to constitute, an offer to sell a franchise. Franchise offerings made only by a Franchise Disclosure Document. THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA. SUCH REGISTRATION DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF CORPORATIONS NOR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING. This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. The Minnesota registration number for this franchise system # F-8380.

Bev ThorneChief Marketing Officer
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“I am honored to be a part of the PatchMaster team, focusing on elevating our marketing initiatives. My goal is to enhance brand visibility and attract more customers for all of our franchisees, creating a win-win scenario for everyone. I am eager to work with you to achieve remarkable success in the drywall repair market.”

Bev Thorne, an award-winning CMO with deep experience in both sales and marketing at AT&T, JP Morgan Chase and Century 21 Real Estate among others, serves as PatchMaster’s Chief Marketing Officer

Bev oversees all franchise marketing operations, including brand messaging, social media marketing, demand generation and franchise marketing support. She is passionate about people development, with a history of implementing marketing initiatives that fuel impressive revenue growth results.

Kevin Gray
Kevin GrayExecutive Business Coach
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“I am truly honored to be part of the PatchMaster, undoubtedly one of the best Franchisors in the industry. Working alongside our franchise owners, who bravely venture into entrepreneurship, is a humbling experience. It is extremely gratifying to share in their successes as they build their business with the support of such a devoted team.”

Kevin Gray brings a wealth of experience in business development, sales management, and strategic partnerships to PatchMaster. With a proven track record of driving revenue growth and nurturing client relationships, Kevin is an ideal guide for our franchisees as they embark on their entrepreneurial journey.

Kevin’s consultative approach and knack for fostering strong business connections are valuable assets in helping our franchisees thrive.

Katie Longmore Franchise Administration & Support
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“As a part of the PatchMaster team, I have the opportunity to help individuals succeed as entrepreneurs and build their dreams. It is rewarding to be able to see our franchisees flourish.”

Katie Longmore serves as PatchMaster’s Franchise Administrator. Katie is highly motivated and results-driven, with comprehensive experience in business administration. With her passion for excellence, she brings a wealth of knowledge and skills to PatchMaster.

Katie’s academic background is in Business Administration. She has honed her skills through years of experience in the industry, during which time she has become proficient in project management, business development, and operations management. Her strong communication skills and ability to create and maintain customer relationships make her a valuable asset to the PatchMaster organization.

She is passionate about helping new franchise owners get up and running smoothly and is committed to providing them with the support and guidance they need to succeed.

Christian Clavadentscher

Christian Clavadentscher Executive Business Coach

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“I am proud to be part of a company dedicated to providing its franchisees the best possible training, support, and tools to scale their business quickly. It is incredibly fulfilling to help our franchisees unlock their full potential and achieve financial success while building their own businesses with the support of PatchMaster.”

Christian Clavadetscher is a highly skilled franchise business coach and financial expert with a proven track record of success in driving business growth and generating revenue. As the owner of PatchMaster Serving Cape Fear, he understands the ins and outs of franchise ownership. As a former director-level investment banker and entrepreneur partner, he brings a unique perspective to PatchMaster’s franchisees. 

With deep expertise in managing all aspects of new business development, multi-account oversight, deal negotiations, and complex financial transactions, Christian provides PatchMaster’s franchisees with unmatched comprehensive business coaching services that help franchisees achieve their financial goals and succeed in their entrepreneurial dreams.

Joe Eible

Joe EibleVice President of Operations

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“Being a member of the PatchMaster family has been a rewarding experience, especially in forming valuable relationships with our network of franchisees and having the privilege of hearing their inspiring success stories.”

As the Vice President of Operations at PatchMaster, Joe Eible brings over 20 years of experience in IT, process improvement, and customer service to his role. 

Joe joined PatchMaster in 2019 as director of franchise support and has been instrumental in driving the company’s growth and success. He oversees all aspects of the company’s operations, including franchise support, training and development, onboarding, and IT.

Paul Ferrara

Paul Ferrara Chief Executive Officer

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“I am incredibly proud of our franchise-first culture, which attracts highly talented and motivated franchisees to our company. Our focus on providing the best-in-class training and support has helped our franchisees to succeed and grow their businesses quickly. With a proven business model and a commitment to excellence, PatchMaster is the ideal choice for anyone looking to start a successful drywall repair franchise.”

Paul Ferrara is a results-driven executive with a successful track record in the franchising industry. He currently serves as the CEO of PatchMaster, a leading franchise business specializing in drywall repair and installation services.

With over 25 years of experience in sales, marketing, and business development, Paul keenly understands how to grow businesses and deliver value to customers. He is a strategic thinker with a strong focus on innovation and operational excellence.

Under Ferrara’s leadership, PatchMaster has experienced rapid growth and expansion, with new franchise locations opening regularly. Ferrara is passionate about providing franchisees with the tools and support they need to succeed and maintain PatchMaster’s position as the top choice for drywall repair services. With a focus on innovation and customer service, Ferrara is committed to ensuring that every PatchMaster franchisee has the resources and support they need to build a successful business.

Prior to his current role, Paul held senior leadership positions at several franchising companies, including HouseMaster Home Inspections, Realogy, and Coldwell Banker Corporate. He has a deep understanding of franchising and is passionate about leveraging it to drive business growth and customer success.

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