ALBUQUERQUE, N.M. — Albuquerque’s Dreamstyle Remodeling, which has been in expansion mode for several years, has expanded its presence in the Phoenix market with its recent acquisition of Scottsdale-based Legacy Design Build Remodeling.
Dreamstyle Remodeling plans to ramp up Legacy’s production immediately, from expected revenues of $4 million in its first year to $20 million by year five, Dreamstyle said Wednesday in a news release announcing the acquisition.
Dreamstyle has had a remodeling operation in Chandler for the past 10 years and, due to the expiration of a lease, was scouting for a new location, said company president and CEO Larry Chavez. The opportunity to acquire Legacy materialized, he said.
“They’re a very well-known brand in the Phoenix area. Everybody I talked with knew them and thought highly of them,” Chavez said.
Dreamstyle’s operation has already been merged with Legacy and, for the time being, will operate under the Legacy name, he said.
Founded in 1988, Legacy Design Build Remodeling is a regular recipient of awards from the National Association of the Remodeling Industry. In 2002, it was named “Remodeler of the Year” by the national magazine Professional Remodeler.
Founded in 1990 and headquartered in Albuquerque, Dreamstyle currently employs more than 300 people in New Mexico, California and Arizona. The company anticipates hiring an additional 10-15 people here in the coming months to serve as support staff for branch operations, the news release says.
DreamStyle has achieved double-digit percentage growth annually for four consecutive years, due in part to expansion to other markets. Widely known for marketing Renewal by Andersen windows and doors, the company expanded to San Diego in August 2014.
With the addition of Legacy Design Build Remodeling to its roster, DreamStyle projects gross revenues will reach more than $60 million this year.