Full-Service Residential & Commercial Roofing Company

Description:
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.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 13.6% and 40.3%, respectively, from 2021 through 2023
• Estimated backlog of $17.8 million as of January 31st, 2024
• 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

Opportunities:
• 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

Headquartered:
• Southeast US

Current Markets:
• The company serves customers through its two locations with an emphasis on residential and commercial-related roofing projects

Real Estate:
• 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

Shareholder Ownership:
• 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