Dean's Home Services—a leading provider of plumbing, drain and sewer, and water heater services in the Twin Cities—relied on Maslon to successfully guide it through its recently completed sale announced May 21, 2024. Dean's, which was founded in 1996 and serves over 10,000 customers, was acquired by Redwood Services, a home services investment firm focused on investing in leading residential HVAC, plumbing, and electrical services companies in growing markets.

Dean's owners, Jeremy Shepard and Stephanie Olson, will retain a significant minority ownership stake in the company. The existing team will continue to operate and manage the business under the Dean’s banner and name, while Redwood will offer operational, strategic, and financial support to enhance the company’s growth.

"Dean’s has experienced substantial business growth in recent years, a reflection of their prudent decision-making and adaptability regardless of the business climate," said Richard Lewis, CEO of Redwood Services, in a press release. “Stephanie and Jeremy are exceptionally talented executives, who prioritize treating their employees well—earning a reputation in their community for attracting new hires through strong family connections and word-of-mouth referrals. We are eager to support Dean’s with our full suite of resources as they continue to grow.”

Leading the acquisition team over several months was Corporate & Securities Group Chair Susan Markey, with assistance from Terri Krivosha, Katie Eisler, and Jessica Karp.