WOODHOUSE GROUP ACQUIRES FLOOD RESTORATION SERVICES INC.
June 8, 2021 - Waterloo Region - It is with great pride that Woodhouse Group announces the acquisition of Flood Restoration Services Inc., a local emergency response and construction company based in Waterloo Region since 2009.
Flood Restoration Services has long been recognized for their operational performance, receiving industry awards and signiﬁcant local recognition while serving the Kitchener-Waterloo community over the past twelve years.
This is the second purchase Woodhouse Group has made in the past three years to further position themselves as the largest restoration contractor in Waterloo Region. Under the Elite Mitigation & Restoration Group (EMRG) First Response brand, Woodhouse Group specializes in residential, commercial and multi-residential emergency response and reconstruction services. Acquiring Flood Restoration Services will enable Woodhouse Group to enhance their operational performance on industry KPI's with the exceptional personnel, expertise, and resources that has made both companies leaders in their industries.
The two companies employ a total of 70 people. Flood Restoration Services Inc. will continue to operate out of their Waterloo location while Woodhouse Group operates out of their oﬃce near Downtown Kitchener.
Established in 1968, Woodhouse Group is a full service contractor that has diversiﬁed its business model to oﬀer emergency restoration services, and commercial/residential general contracting.
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ICONIC HOME OF KITCHENER-WATERLOO OKTOBERFEST TO UNDERGO MODERN TRANSFORMATION AS 50-YEAR FESTIVAL MOVES ON TO NEXT CHAPTER
Monday, May 17 – Waterloo Region – An iconic festival and its equally unique home are both moving towards their next chapter as Kitchener-Waterloo Oktoberfest prepares to leave the Benton Street “Castle” – it’s home in since 1989.
The iconic Kitchener-Waterloo Oktoberfest office at 17 Benton street in Downtown Kitchener will soon be purchased by Hans Haus Inc. in a joint redevelopment venture between Woodhouse Group and Brightpath Capital Corporation.
Together the Hans House team plan to peel back the castle walls to reveal the building’s century-old brick and beam character. Growing alternative mortgage firm Brightpath Capital Corporation will occupy offices on the second and third floors, while the main floor and basement will be renovated to attract a restaurant or retail tenant.
To pay homage to the property’s Oktoberfest history the new owners hope to work with the City to create an attractive outdoor amenity space at the intersection of Charles and Benton for the building’s tenants and the general public to enjoy.
Woodhouse Group has played a key role in several regeneration projects in Downtown Kitchener including the historic Schreiter’s furniture building at 27 Gaukel Street now occupied by Google, as well as the former Schlichter's automotive shop at 132 Queen St turned tech hub for Alert Labs, Binsentry, and MaJik.
Construction at 17 Benton Street is planned to begin in early June with occupancy expected early in 2022.
Similar to the building itself, Kitchener-Waterloo Oktoberfest is undergoing its own transformation as the 53-year-old festival moves into the second year of virtual programming, a permanent shift away from traditional retail to ecommerce, and a new home at 2 King Street West in Kitchener (formerly the BMO building).
The new location is one of many changes by the festival since the onset of the pandemic, including an organizational restructuring and review of core activities, which will help the festival adapt to the changing community, streamline operations and focus on core programming as live events slowly return to the Region.
“It’s welcome news that this recognizable property in Downtown Kitchener is being renovated and redeveloped to serve the community and its tenants in new ways,” said Kitchener Mayor Berry Vrbanovic. “We’re also pleased to see the K-W Oktoberfest office find a new home and continue to operate in Downtown Kitchener, as they modernize and evolve the festival for decades to come.”
The 2021 festival will run from September 24 to October 11 – ending on Thanksgiving weekend – and will consist largely of virtual experiences, restaurant-based programming and some physical events pending public health regulations. The program is designed to support local businesses impacted by COVID-19 and contribute to the overall economic and cultural vitality of Waterloo Region.
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