BLOOMFIELD HILLS, Mich.— O2 Investment Partners announced that it has partnered with Capital Construction LLC and its CEO, Andy Oakes, to support the company’s rapid growth. Terms of the investment were not disclosed.
“We have seen tremendous growth over our 10-plus year history and feel that we are at an inflection point in our growth given the exciting opportunities that lie ahead of us in our current markets as well as in new markets," said Oakes. "We believe that O2 is the ideal partner to help us capitalize on our many growth initiatives, including strategic M&A opportunities, as we look to continue to aggressively scale the platform.”
Founded by Oakes in 2011, Capital Construction is a provider of roof replacement and other exterior restoration services to single-family and multi-family residential customers. Capital focuses on restoring properties that have been damaged by hail and/or wind and guides its customers through the complex construction and insurance processes with a high-touch, tech-enabled approach that is a true differentiator in the fragmented roofing landscape. Capital is headquartered in Burnsville, Minn.
“Andy and his team have built Capital into one of the leading roof restoration providers in the country, with a reputation for delivering best-in-class services and products to its customers," said Mike Cotant at O2. "We are thrilled to partner with them and look forward to building on the company’s impressive historical growth trajectory to expand the platform into new geographies.”
Capital Construction is the fifth platform investment for O2’s most recent fund, O2 Investment Partners Fund III. O2 and Capital have two add-ons under LOI that are expected to close before the end of the year.