Hunter Powell Appointed as CEO and L.C. Nussbeck Shifts to Role of Strategic Advisor

FV Holdings LLC ACQUIRES MADSKY

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 MADSKY, a leading national network of roofing contractors serving the residential and commercial marketplaces, today announced that entrepreneur L.C. Nussbeck is stepping down from his role as CEO of the company to the role of Strategic Advisor. Nussbeck will remain an active senior executive as Hunter Powell takes over as CEO, effective immediately. The move is in conjunction with FV Holdings LLC’s acquisition of a majority stake in MADSKY for an undisclosed sum. The acquisition will infuse new capital into MADSKY, helping recapitalize the firm and give it the investment capital needed to amplify its strategy and execute its growth plans.

“I couldn’t be more pleased with Hunter in this role as he brings an energetic and entrepreneurial spirit that fits our MADSKY culture, along with a refreshing wealth of industry knowledge – he’s got it all," said Nussbeck. "My title changes, but my passion and dedication do not waiver. We make a great team and I am confident that Hunter’s leadership style will enable MADSKY to continue to disrupt what needs to change in our sector, and facilitate a vision and strategy that employees can embrace,” stated Nussbeck.

L.C. Nussbeck founded MADSKY in 2015 with the vision of partnering with insurers, contractors, homeowners and suppliers to reduce cycle times for home exterior repairs and replacements.  Leveraging a trusted, vetted network of contractors across the country and a powerful, tech-enabled platform, MADSKY is delivering high quality repairs faster than ever before. Noted as a trailblazing methodology, MADSKY workmanship is backed with industry-leading warranties for repairs and restorations. 

“I am excited to join MADSKY as CEO and to become part of the MADSKY family that has built such a powerful platform to help restore what matters most – a sense of peace and comfort at home,” said Powell. “MADSKY is well-positioned to create value for each stakeholder in the insurance restoration market by delivering a suite of services that reduces cycle times and creates positive contractor, carrier and homeowner experiences. As one of the first true insurtech disruptors, I am proud of MADSKY’s tech-enabled, data-driven model that is creating a new-normal for the home restoration process. With so many possibilities for growth, our leadership team will work in concert to meet the ever-changing demands our customers face,” stated Powell.

About MADSKY

MADSKY provides homeowners and national insurance carriers the largest network of skilled trade professionals across the U.S. to repair roofteriors following a hail or wind event. MADSKY is the trusted, go-to place for managing the entire roof restoration process. MADSKY’s network of more than 6,500 plus skilled roofing contractors, general contractors, independent field adjusters, independent desk adjusters, drone pilots, suppliers, manufacturers and more are responsible for doing the restoration work. Learn more at MADSKYmrp.com.

 MEDIA CONTACTS:

Dan Martens | P: 720-398-5777 | dmartens@mrpprogram.com

 

Source: MADSKY


Categories: Insurance

Tags: Acquisition, Insurance, MADSKY, Roofing Network


About MADSKY MRP

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MADSKY, a nationwide third-party administrator for insurance companies specializing in roof repair and restoration.

Dan Martens
Vice President of Marketing, MADSKY MRP
MADSKY MRP
365 Inverness Pkwy (150)
Englewood, CO 80112