Full-Service Residential & Commercial Roofing Company

Description:
The Company has over 50 years of experience providing full-service residential and commercial roofing services in the southeast market. The Company specializes in re-roofing, roof replacements, maintenance & repair services.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 10.2% and 9.4%, respectively, from 2021 through the trailing twelve-month period ending March 31st, 2024
• Adjusted EBITDA margin averaged 23.0% from 2021 to 2023
• Gross Profit (GP) grew at a CAGR of 5.8% from 2021 through 2023, with GP margins averaging 39.6%.
• The Company has approximately $1.6M in projects in progress as of August 2024
• According to management, 95% of 2023 revenue was from repeat customers
• Approximately 88% of the Company's revenue in 2023 was from HOA associations and condominiums
• The Company is a fully licensed roofing and general contractor
• In operation for over 50 years, with a robust brand presence and exceptional reputation for consistent performance and reliability

Opportunities:
• Expand customer base to include insurance companies' work stemming from hurricane season
• Bolster the Company's service capacity and continue to diversify service offerings
• Extend maintenance & repair services to all customers
• Pursue additional commercial opportunities within the Company's existing operational footprint
• Capitalize on state changes to legislature requiring condominiums & HOAs to replace roofs more frequently
• Implement a strategic marketing campaign to increase client base and digital presence

Headquartered:
• Southeast, US

Current Markets:
• The Company serves customers in the residential and commercial markets, including homeowners, contractors, property managers, condominiums, and HOAs.

Real Estate:
• The Company operates from two facilities on the same property totaling 11,000 sq. ft., encompassing office, warehouse, and storage space for inventory and equipment. The Company leases the facility from an affiliated entity. Ownership is open to entering a long-term lease post-sale or including the real estate in a potential transaction.

Shareholder Ownership:
• The Company is owned by one shareholder seeking an exit strategy to retire. The owner is actively involved in day-to-day operations and is willing to stay with the Company for a predetermined period to ensure a smooth transition to new ownership.