Core Roofing is a leading provider of commercial roofing solutions including re-roofing, maintenance, repair, inspection, and new roofing systems. With over 180 employees and three offices in Georgia and Florida, Core serves a diversified customer base across the Southeast, including commercial and industrial property owners, property management companies, REITs, and municipalities, among others. With a 20+ year history and respected brand and reputation, Core Roofing has successfully positioned itself as one of the leading commercial roofing service providers in the Southeast.
Through a proactive, thesis-driven effort, Harvey & Company identified and engaged over 50 privately held companies in the commercial roofing industry. We discovered a significant opportunity in the marketplace for a growth & acquisition strategy, and identified Core, and its management team, as an ideal initial platform investment.
Harvey & Company introduced Core’s stakeholders to a private equity partner with significant operational expertise and ability to assist the team in achieving their goals for growth. The Founder & CEO and the senior management team has maintained a significant ownership position in the business and will continue to lead the company going forward. Core plans to execute on an aggressive growth plan via organic initiatives and acquisitions. The new partnership provides the company with both the acquisition experience and access to capital needed to consolidate other commercial roofing businesses across the U.S.
Prior to Harvey & Company’s outreach, the owners of Core were operating a highly successful and growing business with no capital constraints or desire to exit the business; however, following our introduction they saw an opportunity to accelerate their goals, and form a partnership to implement the next level of growth. Harvey & Company continues to spearhead the aggressive add-on acquisition strategy.