Power Home Remodeling Secures Investment from Bain Capital, Sixth Street, and Harvest Partners Structured Capital

Power Home Remodeling, a leading exterior home remodeler, announced that it has secured a growth investment from Bain Capital, Sixth Street, and Harvest Partners Structured Capital.

Officials said the firms will partner with Power’s management team and existing investor, Harvest Partners, whose funds remain the largest investor, to support the company’s continued expansion.

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.

Established in 1992 and headquartered in the Philadelphia region, Power’s primary product line includes windows, siding, roofing, gutters, doors, solar roofing panel, and attic insulation, providing energy-saving solutions to residents across its operating territories, including Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Indiana, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.

In a statement, co-CEOs Asher Raphael and Corey Schiller said, “We are committed to delivering exceptional results for homeowners through strong customer relationships, our proprietary technology platform, and a deep commitment to talent development. We see significant opportunity ahead, and this investment will help us continue to grow and scale while further strengthening our market position.”

Officials said the investment will support Power’s next phase of growth as the company continues to expand its footprint, invest in its proprietary operating platform, build on the talent development, corporate culture, and sales model that have helped it differentiate at scale.

“Power is a market leader and one of the few scaled national players in the fast-growing repair and remodeling sector,” said Cristian Jitianu, a partner at Bain Capital Special Situations. “The company has built a proven, repeatable model with a differentiated platform and significant runway for continued growth. We look forward to partnering with POWER to support continued innovation and long-term value creation.”

Harris Williams served as financial advisor, and Kirkland & Ellis LLP served as legal advisor to Harvest Partners and Power. Bank of America and Rothschild & Co also served as financial advisors to Harvest Partners and Power.

Ropes & Gray served as legal advisor to Bain Capital. Goldman Sachs served as exclusive financial advisor, and Latham & Watkins served as legal advisor to Sixth Street.