In 2024, A Plus Garage Doors, led by Carrie Kelsch, was acquired by Guild Garage Group for approximately $70 million, reflecting a strategic move to consolidate the home services sector.
Information on the Target
A Plus Garage Doors, founded by Carrie Kelsch in 2005, has emerged as a significant player in the garage door repair industry. Despite having no prior experience in this field, Kelsch leveraged her leadership skills to create a robust business by focusing on growth and team empowerment rather than technical expertise. This innovative approach enabled her to build a strong brand and operational foundation, leading to the successful management of her company.
In 2024, Kelsch sold a majority stake in A Plus Garage Doors to Guild Garage Group for an estimated valuation of $70 million. This transaction not only allowed her to realize a considerable financial return but also retained her stake in the ongoing growth and success of the business.
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Industry Overview in the Target’s Specific Country
The garage door repair industry in the United States has seen substantial growth in recent years, driven by increased home ownership and the subsequent de
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Disclosed details
Transaction Size: $70M
Enterprise Value: $70M