Belfor
{{Short description|Multinational corporation}}
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{{Infobox company
| name = BELFOR Property Restoration
| logo = Vetorized Belfor Logo.svg
| logo_size = 200px
| type = Private
| industry = Property restoration
Disaster recovery
| area_served = Worldwide
| key_people = Sheldon Yellen (CEO)
Mike Yellen (COO)
| revenue = Not Available
| foundation = {{start date and age|1946}}
| location = Birmingham, Michigan, U.S.
| homepage = {{url|belfor.com}}
}}
File:Belfor Branch Office Ypsilanti Michigan.JPG]]
BELFOR Property Restoration is an American multinational disaster recovery and property restoration company,{{Cite web |title=Affiliated Companies |url=https://theprofgroup.com/affiliated-companies/ |access-date=2024-08-13 |website=The Professional Group |publisher=Belfor |language=en-US}} based in Birmingham, Michigan.
History
BELFOR began as a Quality Awnings & Construction company in Dearborn, Michigan in 1946. The company changed its name to INRECON L.L.C. (for Insurance Reconstruction) in 1981. Taylor, Michigan-based Masco bought 25 percent of the company in 1997, and completed its purchase of INRECON in 1999.
Haniel EnviroServices, a new division of the old European conglomerate Haniel, began in Germany in 1980. Its name was changed to Belfor in 1998.{{cite web |url=https://www.belfor.com/en/us/about-us/history |title=History |publisher=Haniel |accessdate=January 1, 2018}}
Masco sold INRECON to Haniel in 2001 and it became part of BELFOR.{{Cite news|url=http://www.crainsdetroit.com/article/20061106/SUB/61105004/management-buys-majority-of-belfor-in-300m-deal|title=Management buys majority of Belfor in $300M deal|date=2006-11-05|work=Crain's Detroit Business|access-date=2017-07-18}} At the time, the company had annual sales of $180 million and employed 1,000 staff.{{cite journal |url=http://www.insurancejournal.com/news/national/2001/07/25/14158.htm |title=BELFOR Takes Over Largest U.S. Fire and Water Damage Repair Company |journal=Insurance Journal |date=July 25, 2001 |accessdate=January 1, 2018}}
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.{{Cite web|url=https://www.moodys.com/research/Moodys-changes-Belfors-outlook-to-negative-from-positive-affirms-B1--PR_394857?WT.mc_id=AM~RmluYW56ZW4ubmV0X1JTQl9SYXRpbmdzX05ld3NfTm9fVHJhbnNsYXRpb25z~20190207_PR_394857|title = Moody's changes Belfor's outlook to negative from positive, affirms B1 CFR and assigns Ba3 to new debt|date = 7 February 2019}}
United States of America operations
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.{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=688879|title=BELFOR USA Group Inc.: Private Company Information - Bloomberg|website=www.bloomberg.com|access-date=2017-07-18}}
In 2007, BELFOR USA acquired Ductz International, LLC, an air duct cleaning and HVAC restoration franchise network with locations in 22 states.{{cite news |last=Gardner |first=Paula |date=July 24, 2007 |url=http://blog.mlive.com/ann_arbor_business_review/2007/07/belfour_buys_ductz_from_ann_ar.html |title=Belfour [sic] buys Ductz from Ann Arbor company |publisher=mlive.com |accessdate=January 1, 2018}} It acquired Hawaii Restorative Services of Honolulu{{cite web |url=https://bbrcreative.com/2010/04/belfor-announces-purchase-of-hawaii-restorative-services/ |title=BELFOR Announces Purchase of Hawaii Restorative Services |date=April 27, 2010 |publisher=BBR |accessdate=January 1, 2018}} and Coach's Catastrophe in 2010.{{cite news |url=http://www.crainsdetroit.com/article/20101031/SUB01/310319979/belfor-usa-acquires-coachs-catastrophe |title=Belfor USA acquires Coach's Catastrophe |last=Welch |first=Sherri |date=October 31, 2010 |newspaper=Crain's Detroit Business |access-date=January 1, 2018}} BELFOR acquired BAMCOR{{cite web |url=http://www.bamcor.net/about-us/ |title=ABOUT US |publisher=BAMCOR |accessdate=January 1, 2018}} in 2015.{{cite web |url=http://www.edgepoint.com/BAMCORLLChasbeenacquiredbyBELFORUSAGroup |title=BAMCOR, LLC has sold to BELFOR USA Group |publisher=EdgePoint |accessdate=January 1, 2018}}
BELFOR opened an office in Corpus Christi, Texas,{{cite web |url=https://www.prweb.com/releases/belfor_property_restoration_opens_in_corpus_christi_tx/prweb13928389.htm |title=BELFOR Property Restoration Opens in Corpus Christi, TX |date=December 15, 2016 |publisher=PR Web |access-date=January 1, 2018}} and a San Antonio office in 2016.{{cite news |url=http://www.dbusiness.com/daily-news/Annual-2016/Birminghams-Belfor-Property-Restoration-Expands-Texas-Presence/ |title=Birmingham's Belfor Property Restoration Expands Texas Presence |last=Klug |first=Elma |date=December 5, 2016 |newspaper=dbusiness |accessdate=January 1, 2018}} As of that year, BELFOR globally had 7000 employees.{{Cite news |url=https://www.cnbc.com/2016/07/27/why-this-ceo-personally-sends-a-birthday-card-to-each-of-his-7000-employees.html |title=Why this CEO personally sends a birthday card to each of his 7,000 employees |last=Ward |first=Marguerite |newspaper=CNBC |date=July 27, 2016 |access-date=January 1, 2018}}
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.{{cite journal |url=https://dsal.uchicago.edu/flood/cleaning-and-restoration.pdf |page=3 |journal=Cleaning & Restoration |publisher=Association of Specialists in Cleaning and Restoration (ASCR) |date=March 2003 |last=Oliver |first=Marshall |title=Saving the Irreplaceable |accessdate=December 31, 2017}} 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.{{Cite web|url=http://usatoday30.usatoday.com/weather/news/2001/2001-06-14-houston-allison.htm|title=Houston drying out after deluge|newspaper=USA Today |last=Copeland |first=Larry |date=June 13, 2001 |accessdate=January 1, 2018}}
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.{{cite news |url=https://www.caymancompass.com/2005/02/03/governor-tours-national-archive/ |title=Governor tours National Archive |date=February 3, 2005 |newspaper=Cayman Compass |accessdate=January 1, 2018}} After Hurricane Katrina in 2005, BELFOR helped fulfill Tulane's campus-wide emergency plan,{{Cite web|url=http://libguides.tulane.edu/katrinaresources/libraries|title=Research Guides: Hurricane Katrina Resources: A Guide: Hurricane Katrina and Tulane Libraries|last=Library|first=Howard-Tilton Memorial|website=libguides.tulane.edu|language=en|access-date=2017-07-18}}{{Dead link|date=June 2020 |bot=InternetArchiveBot |fix-attempted=yes }} which included the "Landmark Undertaking" of the Tulane Libraries Recovery Center.{{Cite news|url=https://americanlibrariesmagazine.org/blogs/the-scoop/the-landmark-undertaking-of-the-tulane-libraries-recovery-center/|title=The "Landmark Undertaking" of the Tulane Libraries Recovery Center {{!}} American Libraries Magazine|work=American Libraries Magazine|access-date=2017-07-19|language=en-US}}{{Cite news|url=https://lac-group.com/lac-group-helps-tulane-university-libraries-mark-katrina-anniversary/|title=LAC Group helps Tulane University Libraries mark Hurricane Katrina 10th anniversary - LAC-Group|date=2015-08-31|work=LAC-Group|access-date=2017-07-19|language=en-US}}{{Cite web|url=http://www.propertycasualty360.com/2015/08/19/6-lessons-insurers-learned-from-katrina|title=6 lessons insurers learned from Katrina|access-date=2017-08-11}}
Other projects included recovery from the Chile earthquake{{cite web|url=http://www.the-chiefexecutive.com/projects/belfor-uk-be-on-red-alert---alasdair-phillips/|title=BELFOR UK: Be on RED ALERT - Alasdair Phillips - Chief Executive Officer|publisher= www.the-chiefexecutive.com|accessdate=25 December 2015}} and the 2012 Super Storm Sandy.{{Cite web|url=http://cwdetroit.cbslocal.com/2012/11/05/birmingham-restoration-firm-belfor-sends-aid-to-sandy-victims/|title=Birmingham Restoration Firm, Belfor Sends Aid To Sandy Victims|date=5 November 2012|access-date=2017-07-19}}{{Cite news|url=http://lj.libraryjournal.com/2012/12/buildings/nyu-medical-library-recovering-from-superstorm-sandy/#_|title=NYU Medical Library Recovering from Superstorm Sandy|work=Library Journal|access-date=2017-08-11|language=en-US}}
Awards
- 2012, RIA Phoenix Award; BELFOR Rebuilds UGI Headquarters{{Cite web|url=http://content.yudu.com/A1x6tu/TCJune2012/resources/61.htm|title=Tomorrow's Cleaning June 2012|website=content.yudu.com|language=en|access-date=2017-07-18}}
- 2013, Chrysalis Award, Residential Insurance Restoration; BELFOR helps family redesign their home after a devastating fire{{Cite web|url=http://chrysalisawards.com/remodeler/Belfor/|title=Sterling, VA Remodeler - Belfor - Chrysalis Award Winner|website=chrysalisawards.com|access-date=2017-07-18}}
- 2015, Chrysalis Award, Commercial Insurance Restoration; Restores Gallo Center for the Arts after a water damage{{Cite web|url=http://chrysalisawards.com/remodeler/Belfor-CA/|title=Sacramento, California Remodeler - Belfor Property Restoration - Chrysalis Award Winner|website=chrysalisawards.com|access-date=2017-07-18}}
- 2016, Chrysalis National Award -Commercial Insurance Restoration; Restoring the historic Hanford Fox Theatre{{Cite web|url=http://chrysalisawards.com/remodeler/Belfor-Fresno/|title=Fresno, California Remodeler - BELFOR - Chrysalis Award Winner|website=chrysalisawards.com|access-date=2017-07-18}}
- 2016, RIA Phoenix Award, Odessa Hospital; Award for innovations in restoration{{Cite news|url=http://www.randrmagonline.com/articles/86865-a-peek-inside-the-2016-international-restoration-convention-industry-expo|title=A Peek Inside the 2016 International Restoration Convention & Industry Expo|access-date=2017-07-18|language=en}}{{cite web|url=http://www.compasscayman.com/caycompass/2005/03/23/Canadians-to-restore-Ivan-damaged-documents/|title=Canadians to restore Ivan-damaged documents|publisher=www.compasscayman.com|accessdate=25 December 2015|archive-date=26 December 2015|archive-url=https://web.archive.org/web/20151226070902/http://www.compasscayman.com/caycompass/2005/03/23/Canadians-to-restore-Ivan-damaged-documents/|url-status=dead}}
References
{{Reflist}}
External links
- {{Official website|http://www.belfor.com|Belfor official website}}
- [http://video.cnbc.com/gallery/?video=3000126593 CNBC - BELFOR CEO: Sandy Clean-Up]
- [http://www.cbsnews.com/news/how-belfor-grew-to-be-1-in-disaster-recovery/ CBS MoneyWatch - How BELFOR Grew To Be #1 In Disaster Recovery]
- Celebrating Our Economy - Sheldon Yellen has built a reputation for his unconventional management style.[http://www.corpmagazine.com/features/cover-stories/celebrating-our-economic-success-one-leader-at-a-time/]
Category:Privately held companies of the United States
Category:Business services companies established in 1946
Category:Cleaning companies of the United States