Restoration Masters Joins Belfor Family

Will Cook, President of Belfor Restoration Services, is pleased to announce the acquisition of Restoration Masters.

Restoration Masters is one of Ontario’s leading full service restoration companies with five locations throughout Southwestern Ontario and a sixth office in Kingston. The company was founded in 1989 by Arlen Scherba who continues to serve as the President of the firm today.

Mr. Scherba commented that “Belfor shares our business philosophy and, like Restoration Masters, is a family business run by restoration professionals with no territorial limitations. I will now manage Belfor’s operations in our current territories. All of our staff has been welcomed into the Belfor family. I, along with our senior management team of Adam Scherba, Aaron DePooter, Bob Dubs and Jim Burr, will be given the resources necessary to expand our territorial coverage and to continue to promote opportunities for our staff."

Mr. Cook advised that “Restoration Masters is a highly successful company that is well managed at all levels and is committed to customer service excellence. We at Belfor welcome Arlen and his team into the Belfor family and we look forward to continued growth and opportunities together."

Joe Ciolino, CFO of Belfor Holdings Inc., stated that “in spite of the current economic times, Belfor continues to expand into new markets in order to provide the highest level of service to our clients."

Belfor now operates 11 offices throughout Ontario with further expansion expected in the near future. Belfor Restoration Services is the Canadian subsidiary of Belfor Holdings Inc. which now operates over 181 offices in 27 countries worldwide. With 24 full service offices located across Canada, Belfor is an industry leader in disaster recovery, property damage repair, and technical innovation.

For more information about this acquisition, please contact:

Will Cook
3300 Bridgeway Street
Vancouver, BC
V5K 1H9
(604) 432-1123

Arlen Scherba
309 Exeter Road, Unit 51
London, ON
N7G 3H6
(519) 521-3933

Joe Ciolino
185 Oakland Avenue
Birmingham, MI
48009
(248) 594-1144