Aberdeen Advisors represents football player in sale of business

Aberdeen Advisors represents Florida State football standout in sale of water damage restoration business he started from scratch

Casey Weldon’s Advanced Drying Systems is part of a growing service sector

Tampa, FL – September 30, 2019 – Clearwell Group is pleased to announce it has partnered with Advanced Drying Systems (“ADS” or the “Company”) to complete a successful recapitalization of the Company.

St. Petersburg-based Aberdeen Advisors, a mergers and acquisitions firm, represented Casey Weldon and his company, ADS, a leading provider of water damage restoration services in Florida and Louisiana.

Weldon, who was a star quarterback for Florida State University (where he was runner-up for the Heisman Trophy) and then played eight seasons in the National Football League, has grown the Company into a significant player in the industry over the past 10 years.

From its Tampa headquarters, the Company provides statewide water removal, dehumidification, mold remediation, and other loss mitigation services for homeowners, municipalities, and educational institutions. Clearwell Group financed the transaction in partnership with Plexus Capital and Cadence Bank.

“Casey Weldon built a tremendous business over the last decade that prides itself on quality service, delivered with high integrity,” said Ryan Cortner, Partner at Clearwell Group. “We are thrilled to work with Casey and the ADS team to continue to grow the business over the years to come.”

“I am so proud to have built a company that has helped so many people out of tough situations. I’m equally proud to partner with Clearwell Group. They are very focused on taking care of their employees and customers, which was very important to me as I looked to grow ADS to a higher level, reach more customers, and provide even more services,” said Weldon, President at ADS.

"Plexus Capital is excited to partner with both Casey and Clearwell Group on the recapitalization of ADS. We look forward to supporting the ADS team as the business continues to grow and provide exceptional experiences for its customers,” said Mike Becker, Partner at Plexus Capital.

“Cadence Bank is excited to support Clearwell Group’s investment in ADS as a Senior Debt Provider,” said Teresa Stinson, Florida commercial banking executive for Cadence. “Building off an already strong base, we look forward to furthering their growth in the years to come.”

About Aberdeen Advisors

Aberdeen Advisors is a St. Petersburg-based mergers and acquisition firm that helps business owners sell their companies. It leverages extensive knowledge and experience to match buyers and sellers of businesses that range in annual revenues from $10 million to $100 million. Aberdeen’s areas of expertise include manufacturing, medical, distribution, healthcare, technology, and service industries.

The Company was founded in 2008 by Emery Ellinger, after he sold his marketing firm that he built from the ground up into a company with $7 million in annual revenues. Each member of the Aberdeen Advisors team has personally owned and managed a business. More information is available at AberdeenAdvisors.com.