DRI sold to Jenmar Investment Group, LLC
After a quarter-century of local ownership, DRI, Denver’s premier disaster restoration firm, has been sold to an investment group from Nevada.
Terms of the April 19 sale to Lake Tahoe-based Jenmar Investment Group, LLC weren’t announced. Jenmar is an investment group providing opportunities to its members.
“Jenmar could not be more pleased by the acquisition of DRI. DRI is poised in the marketplace with the best infrastructure and technical expertise to become the dominant company in the Mountain West market. They make a great addition to the Jenmar portfolio,” a Jenmar spokesman said.
Throughout its history DRI has been there for home and business owners, helping them mitigate damages from disasters such as water, smoke, fire and mold.
James Spinosa will be the company’s president, according to Jenmar officials, who also said some additional members of DRI’s management team will remain during a short transition period.
DRI most recently made headlines when it stepped in to help the Dr. Phil show avert a disaster with just hours before filming was set to being. DRI staff successfully mediated a basement flooding and assisted the homeowner in finding a replacement water heater. For its efforts, Dr. Phil acknowledged DRI on-air.
DRI has provided more than $60 million worth of restoration and re-construction during its 25-year history. In addition, DRI sponsors the Colorado Fire Service Scholarship Fund. The fund has awarded more than $75,000 since 2004 to outstanding children and grandchildren of Colorado’s active fire service personnel in an effort to help these exceptional students achieve their higher education dreams.