LP First Capital, an Austin-based private equity firm focused on business services, has announced the formation of Rewind Restoration through a partnership with Icon Restoration, a leading provider of property restoration services in the Midwest. Co-investment was provided by LP First Capital's committed funds and Align Collaborate, a flexible equity investor dedicated to supporting sponsors that raise capital deal-by-deal.

Founded in 2011 in Rochester Hills, Michigan, Icon provides emergency mitigation and restoration services to homeowners following fire, water, mold, or other disaster-related property damage. Icon's commitment to customer service, along with its esteemed reputation, has enabled the company to steadily grow in and around the Detroit metropolitan area.

Read full press release here.