Richard Lewis founded Redwood Services in 2020 to be a different type of investor in the residential HVAC and plumbing space. What he chose to do was simple yet profound: designing a creative economic and legal structure that attracted owners with “gas in the tank” to partner with Redwood instead of selling the business without sharing in the upside. This mechanism resulted in owners who originally had no interest in selling would instead join Redwood as a partner.
Redwood quickly scaled to 11 partners across the country, representing $250 million in annual revenue. Lewis has helped create hundreds of new job opportunities across Redwood Partners over the past two years.