JACKSONVILLE, Fla. — Shoreline Equity Partners LLC, a purpose-driven lower middle market private equity firm, has partnered with Core Roofing Systems LLC. Headquartered in Alpharetta, Ga., Core Roofing is a leading provider of commercial reroofing, maintenance, repair, inspection, and new roofing systems across the Southeast.
The company was founded by Dusty DeVore in 2002, who now serves as CEO, and has since grown to more than 180 employees with a diverse set of customers across Georgia, Florida, Alabama, Arkansas, Mississippi, North Carolina, South Carolina, and Virginia. With a 20-plus year history and respected brand and reputation, Core Roofing has positioned itself as one of the leading commercial roofing service providers in the Southeast.
“We could not be more thrilled to partner with Shoreline. It was incredibly important that we found a partner that aligned with our values," said DeVore. "Core Roofing was built on the strength of the relationships with our customers, suppliers, employees, and the community at large, and Shoreline shares our belief in the importance of consistently delivering for those key constituents. We are excited to accelerate our growth both organically and through acquisitions in partnership with the Shoreline team while ensuring that we maintain our high standards for work quality, customer service, and relationships for which Core Roofing is known.”
Moving forward, and in partnership with Shoreline, Core Roofing is looking to execute an aggressive growth plan via organic initiatives and acquisitions. The new partnership with Shoreline provides the company with both the acquisition experience and access to capital needed to partner with other commercial roofing businesses across the U.S. DeVore has maintained a significant ownership position in the business and will continue to lead the company going forward.
“Dusty and the entire team have done an outstanding job of growing Core Roofing into a clear market leader over the last 20 years," said Mike Hand, managing partner at Shoreline. "The company has built an exceptional brand and reputation as the go-to commercial roofing service provider for its customers and suppliers. It was clear from our first conversation with Dusty that Core Roofing would be a great fit for Shoreline due to the quality of the business and its people. We are grateful to partner with Dusty and the team to continue building a leading commercial roofing platform across the Southeast and nationally.”
Zach Mittelmark, principal at Shoreline, said the firm is "beyond excited" to help Core Roofing embark on an add-on acquisition initiative with the goal of becoming one of the largest commercial reroofing companies in the U.S. over the years to come.
“Upon meeting with Dusty and the broader Core Roofing team, we immediately knew we had found the right platform to partner with in the commercial roofing space," said Mittelmark. "Core Roofing has built an incredibly unique and difficult-to-replicate maintenance and repair service offering which allows them to provide superior customer service throughout the full lifecycle of every commercial roof.”