OAKBROOK TERRACE, Ill. — Last month, Prairie Capital Advisors Inc. announced that Woodlawn Partners and Lightspring Capital Partners acquired a controlling interest in Active Roofing Company. The Active Roofing management team will retain a meaningful ownership position in the company.
Prairie acted as exclusive financial advisor in this transaction to Active Roofing and was led by Tim Witt and Tom DeSimone of Prairie. Terms of the transaction were not disclosed.
Established in 1965 and headquartered in Chicago, Active Roofing is an industrial-commercial-institutional full-service roofing contractor providing full roof replacement, maintenance and repair. The company, which promotes a proactive, preventative maintenance approach to roofing, provides high-quality roofing solutions to its growing customer base. With an energetic team committed to the relentless pursuit of quality with uncompromising integrity, Active Roofing prides itself on being one of the most dependable commercial/industrial roofing companies in the country.
"We believe that Active Roofing’s full-service offering, high-quality craftsmanship and dedicated staff are unmatched in the industry, and we welcomed the opportunity to advise the company in this transaction," said DeSimone, director at Prairie. "Woodlawn and Lightspring are excellent partners to assist the Active Roofing team in executing on the significant growth opportunities in the roofing industry."
Located in Chicago, Woodlawn Partners acquires businesses and becomes directly involved in helping them to achieve long-term potential. The company’s primary responsibility is to provide continued opportunities for employees and value to customers while also tailoring each transaction and succession strategy around a business owner’s personal and financial needs.
With offices in Chicago and Minneapolis, Lightspring Capital Partners is a private investment firm dedicated to partnering with lower middle market businesses to build value. With a focus on providing first institutional capital to small businesses, Lightspring invests in support of founder and family-owned businesses that are experiencing a transition in ownership.
"This transaction represents another successful engagement completed by Prairie’s Investment Banking group as we continue our dedication to serving middle-market family and founder-owned businesses," said Witt, managing director at Prairie.