The company provides full-service commercial and residential roofing services in the southeast market. The company has over 25 years of experience in the roofing industry
Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 12.8% and 32.1%, respectively, from 2021 through the trailing-twelve-month (TTM) ending June 30, 2023
Estimated backlog of $20 million as of June 30, 2023
Management notes that 75% of revenue comes from repeat clients
The two operating facilities are strategically placed to cover the company’s primary servicing regions
Developed an in-house mobile application software that enables field reporting in real time
Well-established and published as one of the premier roofing subcontractors in the southeast
Financial Note: According to management, there is a minimum amount of approximately $200,000 of intercompany revenue and associated costs recorded in the financial statements presented throughout the CIM; additional adjustments to revenues and costs may be required.
Expand the service area to new geographies
Bolster the company’s service capacity and continue to diversify service offerings
Pursue additional commercial opportunities within the company’s existing operational footprint
The company serves customers through its two locations with an emphasis on residential and commercial-related roofing projects
The company operates from two locations totaling approximately 16,000 sq. ft.
Both locations encompass office and warehouse space and are rented from unaffiliated third parties
The company is owned by three shareholders all of which are involved in day-to-day operations and are willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership
Link to deal: here