BOSTON and ALPHARETTA, Ga. — Roof Depot announced that it has received a growth capital investment from Copley Equity Partners, a Boston-based private investment firm focused on providing capital and resources to lower middle market companies with strong growth opportunities. Terms of the transaction were not disclosed.
“Roof Depot’s market leadership and consistent growth combined with its diversified service offerings and experienced management team has made the company a nationally recognized roofing platform,” said Peter Trovato, co-founder and managing director, Copley Equity Partners. “We are thrilled to partner with the entire Roof Depot team to help accelerate growth and continue to build on the company’s long history of success.”
Roof Depot Founder nd CEO Terry Dickerson echoes Trovato’s sentiment.
“All of us at Roof Depot are honored to be partnered with such a great group of people that want to both help and support our teams with the additional expertise and relationships to assist in achieving our growth and geographic expansion plans," said Dickerson.
Founded in 1998, Roof Depot has continued to fulfill residential and commercial roofing needs of those within its community. Over its 24-plus year history, Roof Depot has expanded its service offerings and grown geographically throughout both the Southeast and Southwest, with office locations in Georgia, North Carolina, Texas, Florida and Maryland.
Dickerson will be leading the business through its next stage of growth alongside Copley Equity Partners. The investment will enable Roof Depot to accelerate its growth, invest in its processes and people and capitalize on Copley’s mergers and acquisitions expertise for opportunistic acquisitions.
“As we take this next step, we’re eager for the new growth opportunities our partnership with Copley Equity Partners will offer," said Dickerson. "We believe together we can continue to better execute on our strategy of seeking well-managed companies with experienced, talented teams with the expertise in our core business of roofing, siding, and gutters. We look forward to working with Copley to continue our momentum and even better serve the needs of our customers.”
Ellie Bennett, a senior associate at Copley Equity Partners, will join Roof Depot’s Board of Directors. Bennett said Copley has been especially impressed with the management team’s leadership abilities and is excited for the partnership.
“Roof Depot has built a sterling reputation in the roofing industry by continued focus on consistent performance for their clients, as well as investment in the technology-enabled advancements within their internal processes," said Bennett. "Roof Depot has decades of experience working with the top suppliers, general contractors and real estate development firms within the roofing space."