Business

Few answers as Woburn-based Newpro files for bankruptcy after sudden shutdown

The home improvement company’s abrupt closure last week left employees and customers scrambling.

November 5, 2025

2 minutes to read

Newpro, a Woburn-based home improvement company, abruptly closed on Oct. 28, leaving employees and customers scrambling for answers after receiving cryptic closure notices.

The company, its parent, and its subsidiaries have filed for bankruptcy in the Delaware Bankruptcy Court, raising questions about the fate of ongoing projects and outstanding orders.

The bankruptcy includes more than 10 other subsidiaries of Newpro’s parent company, Renovo Home Partners LLC, affecting people nationwide.

A Newpro employee shared the termination email with NewsCenter 5. The email stated that the company ceased business operations and terminated its employees’ employment, beginning Oct. 29.

WCVB reported that the letter did not state a reason for the business’s closure and that the company would cut off all health insurance benefits by the end of October.

Newpro, a company that offers window, door, siding, and roof replacements, as well as quick-turnaround bath remodels, first opened in 1945.

The company remained family-led and was run by third-generation owner Nick Cogliani until Renovo Home Partners acquired the company in 2022.

“We are deeply saddened by the recent closure of the company and the profound impact it has had on our valued employees, customers, and the New England community that supported us for decades,” wrote Cogliani in a LinkedIn post last week.

Cogiliani said the family has not maintained ownership since 2022, but he continued to serve as president on behalf of his family until five months ago.

During the sale, Cogiliani told the industry publication Pro Remodeler that the aggressive growth model and potential for new funding and support excited him.

“They’re leveraging our knowledge, experience, and ability to run these businesses without change,” Cogiliani told Pro Remodeler at the time. “Any changes that may occur in the future are going to be for the employee’s benefit due to the economies of scale and being part of a larger organization.”

Renovo Home Partners, based in Dallas, was announced to the public in January 2022 as a direct-to-consumer provider of repair and remodel services, according to a press release. Audax Private Equity, based in Boston, initially backed the company.

The global investment firm BlackRock now holds the debt used to form and expand Renovo.

BlackRock did not have a comment on the bankruptcy.

Newpro did not file a WARN notice with the state, making it unclear how many employees were affected.

In court documents, Newpro Operating, LLC reported assets of $10 million to $50 million, while Newpro Plumbing LLC reported assets of $0 to $50,000.

Renovo Home Partners, which owns Newpro Operating and Newpro Plumbing, joined 16 other debtors on the filing.

The lawyer listed for the debtors did not return a request for comment.

The next scheduled date in regard to the bankruptcy is the creditors’ meeting on Dec. 12 at 12 p.m. on Zoom.