Who owns the company BELFOR?

BELFOR Property Restoration is owned by BELFOR Holdings, Inc., which is privately held company. The majority ownership is held by American Securities LLC, a private equity firm that acquired stake in BELFOR, along with management including CEO Sheldon Yellen and family. BELFOR was originally founded in Germany in 1946 as Haniel Group and expanded internationally. Over time, ownership changed, and Yellen family played key role in growing North American operations. In 2006, BELFOR was acquired by private equity, and in 2019 there was recapitalization with American Securities becoming majority owner. Sheldon Yellen remains CEO and retains ownership stake and leadership role. Because BELFOR is privately held, detailed ownership percentages are not publicly disclosed in SEC filings, but it is controlled by private equity and management rather than publicly traded. BELFOR Holdings owns both BELFOR Property Restoration and related companies like 1-800 WATER DAMAGE and other restoration brands, making it one of largest restoration holding companies globally.