MEMPHIS — Redwood Services has invested in Best Care Home Services, a Memphis-based HVAC/plumbing and electrical services company serving Huntsville and Memphis. Best Care has nearly 90 full-time employees serving some 40,000 homeowners.
“Best Care has quickly established a powerful presence in the Memphis and Huntsville markets, with a strong, experienced team that supports the company’s rapidly expanding customer base,” said Richard Lewis, CEO of Redwood Services, a home services investor. “Demonstrating an uncompromising commitment to finding top talent and providing superior service, Brian (Reed) and his team have shown themselves to be fully aligned with the high standards that distinguish all Redwood Partners.
“We are pleased to welcome Best Care to the Redwood family and look forward to supporting the company’s continued high-growth trajectory.”
Reed, Best Care’s founder and CEO, will retain a significant minority ownership stake as part of the investment. Redwood will offer operational, strategic and financial support to enhance the company’s growth. The business will be operated and managed under the Best Care banner and name.
“From my earliest conversations with the Redwood team, it was clear that they recognized and appreciated the business values we’ve established at Best Care,” said Reed. “Our drive to support and coach team members has been a significant factor in our success.
“With Redwood, we have a partner that will put our people first and invest to accelerate our growth as we meet the high expectations of our colleagues and communities.”
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