Belfor

Last updated
BELFOR Property Restoration
Company type Private
IndustryProperty restoration
Disaster recovery
Founded1946;78 years ago (1946)
Headquarters Birmingham, Michigan, U.S.
Area served
Worldwide
Key people
Sheldon Yellen (CEO)
Mike Yellen (COO)
RevenueNot Available
Website belfor.com
Belfor branch office, Ypsilanti, Michigan Belfor Branch Office Ypsilanti Michigan.JPG
Belfor branch office, Ypsilanti, Michigan

BELFOR Property Restoration is an American multinational disaster recovery, property restoration, and facility management company, [1] based in Birmingham, Michigan.

Contents

History

BELFOR began as a Quality Awnings & Construction company in Dearborn, Michigan in 1946. [2] [3] The company changed its name to INRECON L.L.C. (for Insurance Reconstruction) in 1981. [3] Taylor, Michigan-based Masco bought 25 percent of the company in 1997, and completed its purchase of INRECON in 1999. [3]

Haniel EnviroServices, a new division of the old European conglomerate Haniel, began in Germany in 1980. Its name was changed to Belfor in 1998. [2]

Masco sold INRECON to Haniel in 2001 and it became part of BELFOR. [2] [3] At the time, the company had annual sales of $180 million and employed 1,000 staff. [4]

As of February 2019, Belfor Holdings Inc. was in discussions regarding a potential sale to the American Securities equity firm. These were concluded successfully in April 2019. [5]

United States of America operations

Belfor repair truck Belfor box truck.jpg
Belfor repair truck

BELFOR USA Group Inc, doing business as BELFOR Property Restoration, is based in Birmingham, Michigan and provides integrated disaster recovery and property restoration services. Belfor USA Group Inc. operates as a subsidiary of BELFOR Europe GmbH. [6]

In 2007, BELFOR USA acquired Ductz International, LLC, an air duct cleaning and HVAC restoration franchise network with locations in 22 states. [7] It acquired Hawaii Restorative Services of Honolulu [8] and Coach's Catastrophe in 2010. [9] BELFOR acquired BAMCOR [10] in 2015. [11]

BELFOR opened an office in Corpus Christi, Texas, [12] and a San Antonio office in 2016. [13] As of that year, BELFOR globally had 7000 employees. [14]

Projects

In 2003, the Canadian branch of BELFOR worked to recover 100,000 books and manuscripts in the 17th-century Khan Collection at the Urdu Research Library of the Sundarayya Vignana Kendram, as a result of flood damage following record rains in Hyderabad in August 2000. [15] The company was employed in Houston after Tropical Storm Allison in 2001, which caused damage to Jones Hall, the Wortham Theater Center, and the Alley Theater, with the loss of musical scores, ballet costumes and musical instruments, including three Steinway concert grand pianos. [16]

In 2004, after Hurricane Ivan, BELFOR (UK) and BELFOR (Canada) performed thermal vacuum freeze trying to restore more than 4,000 boxes of documents, half of the vital records in the Cayman Islands National Archives. [17] After Hurricane Katrina in 2005, BELFOR helped fulfill Tulane's campus-wide emergency plan, [18] which included the "Landmark Undertaking" of the Tulane Libraries Recovery Center. [19] [20] [21]

Other projects included recovery from the Chile earthquake [22] and the 2012 Super Storm Sandy. [23] [24]

Awards

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References

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  2. 1 2 3 "History". Haniel. Retrieved January 1, 2018.
  3. 1 2 3 4 "Management buys majority of Belfor in $300M deal". Crain's Detroit Business. 2006-11-05. Retrieved 2017-07-18.
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  5. "Moody's changes Belfor's outlook to negative from positive, affirms B1 CFR and assigns Ba3 to new debt". 7 February 2019.
  6. "BELFOR USA Group Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-07-18.
  7. Gardner, Paula (July 24, 2007). "Belfour [sic] buys Ductz from Ann Arbor company". mlive.com . Retrieved January 1, 2018.
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  10. "ABOUT US". BAMCOR. Retrieved January 1, 2018.
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  14. Ward, Marguerite (July 27, 2016). "Why this CEO personally sends a birthday card to each of his 7,000 employees". CNBC . Retrieved January 1, 2018.
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