The company is a collection of specialty siding installation contractor subsidiaries. The company focuses on single-family and multi-family new construction within Southeast US.
Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 46.8% and 61.0%, respectively, from 2020 to 2022
Average gross profit margins of 25.0% from 2020 to 2022
Management notes that approximately 80% of revenue in 2022 was generated from repeat customers
Strong reputation of top-quality services and a well-crafted brand identity
Expand market share and customer base by diversifying product and service offerings
Geographic expansion into other areas of the U.S. with high rates of construction activity
Focus on building connections with general contractors, national and regional builders, architects, and real estate developers
Continue to grow the company’s commercial projects portfolio
The company serves single-family and multi-family builders and general contractors throughout the Southeast US. The company provides products and services for residential and commercial projects.
The company operates from a 2,000 sq. ft. facility leased from an affiliated entity. There is room to grow in the current location. Management notes that the real estate may be included in the sale or leased long-term.
The company is equally owned by two shareholders. Both shareholders are willing to remain with the company following a sale and are open to different responsibilities and positions.
Link to deal: here