Roofing Industry
Client
- The southeastern-based Company provides re-roofing and repair and maintenance services for auto dealers, commercial banks, multifamily buildings, medical offices and office complexes across the state of Florida Only 10% of its business was tied to new construction
- The Company is certified by multiple roofing material manufacturers to install their products
- The Company was a leader in providing safety training for its experienced and loyal staff of roofers
Situation
- At the time of the sale and during the three (3) years prior, the Company was experiencing unprecedented revenue growth of almost 200%
- Owner was seeking some liquidity and a long term strategic partner to help fund the next phase of the Company’s growth plan
Result
- Aberdeen Advisors negotiated offers from strategic partners, private equity firms, and family offices before ownership made the decision to partner with a family office that made the strategic and financial commitment to buy and build a national platform of roofing companies
- The Company’s owner entered into an agreement with the buyer which included a significant liquidity event, an ongoing executive position, and an equity stake in the buyer’s national platform
