DFW Capital Partners is pleased to announce that its portfolio company, Restoration & Recovery (R&R), has named Richard Matero as Chief Executive Officer. Mr. Matero joins Restoration & Recovery from CBRE FacilitySource, the leading outsourced facility services company, where he served as Chief Financial Officer for five years. Richard guided FacilitySource from seven to nine-figure revenue and was integral to the company’s acquisition by CBRE in 2018.
Prior to FacilitySource, Mr. Matero was President of Control Holding Group, where FacilitySource was incubated prior to its spin out as an independent company. He possesses over 30 years of facility service experience, including additional C-suite leadership positions at International Service Systems and Initial Contract Services.
“I am honored and excited to have the opportunity to lead and build upon the rich heritage that has made Restoration & Recovery a dominating player in stormwater management services. Having worked in the services industry most of my career, this is a natural transition for me, but I am most excited to work in a sector contributing to the health of our environment.” said Mr. Matero.
DeVer Warner, Principal at DFW said “We are excited to support Restoration & Recovery’s rapid growth by adding Mr. Matero to the growing executive team. Under his leadership, we look forward to continuing to serve our customers and meeting complex regulatory compliance challenges with excellent service quality and a strong culture of environmental stewardship.”
Restoration & Recovery Founder Blaine McClure, who will remain active on the company’s Board of Directors, added, “Mr. Matero is joining the R&R team during an exciting period of growth for the company. His irreproachable reputation in the facility service sector coupled with his unyielding commitment to customer service is a natural fit with the culture at R&R. We’re thrilled to have him aboard!”
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW has established a 20+ year track record of success in building leading companies. DFW is headquartered in Teaneck, New Jersey and maintains an office in Chevy Chase, Maryland.
About Restoration & Recovery
Restoration and Recovery Services LLC provides stormwater management services. The company offers commercial, retail, industrial and governmental post-construction stormwater management through stormwater consulting, inspection, maintenance and repairing services. The company caters to national retailers, logistics providers, engineering firms, hospitals, military and industrial facilities, real estate management companies, distribution centers, national and multi-state organizations, individual and commercial property owners, airports and universities. Restoration and Recovery Services LLC was founded in 2001 and is headquartered in Durham, North Carolina.