MEMPHIS, Tenn. — Redwood Services announced it has partnered with Rite Way Heating, Cooling & Plumbing.
Rick Walter, president of Rite Way, retains a significant ownership stake and he and his team will continue to operate and manage the business under the Rite Way banner and name.
"An investment in Rick Walter’s vision for Rite Way demonstrates Redwood’s mission of partnering with people-focused home services companies,” said Richard Lewis, CEO of Redwood Services. “We are honored to have the opportunity to help Rite Way achieve the next chapter of growth, while protecting the company’s rich culture, brand, and legacy. From our first conversations with Rick and his team, we were impressed with the culture, 60+ year track record in the Tucson marketplace, shared passion for people, and focus on customer service. We picked a great partner in Rite Way and look forward to supporting the entire team under the leadership of Rick and General Manager Chris Sundin.”
“We’re excited to partner with Redwood Services on a collective vision of growing Rite Way,” said Rick Walter, president of Rite Way. “Redwood’s recognition and support of our people-focused culture is a driving difference that makes this partnership a great fit for us. Our employees, customers, and the Tucson community will benefit from an even stronger operational framework which will allow us to continue to provide the best services and equipment.”