Harris Williams, a global investment bank specializing in M&A advisory services, announced today that it advised Servpro Industries, Inc. (SERVPRO), a leading franchisor of residential and commercial property damage restoration services, on its recapitalization by private equity funds managed by The Blackstone Group LP (Blackstone). Blackstone is acquiring a majority stake in SERVPRO as part of Blackstone’s Core Private Equity strategy, which is designed to hold investments for longer periods of time than traditional private equity. The Isaacson family will be re-investing alongside Blackstone and will continue to be significant shareholders in the business going forward. The transaction, led by John Neuner, Brent Spiller, Zach Ledwith and Trey Shehan of Harris Williams’ Consumer Group, extends the firm’s track record in the franchising sector.