Great Range Capital, a Kansas City-based private equity firm, has acquired Roofed Right America [RRA], a commercial roofing contractor specializing in reroofing and maintenance and repair services. Headquartered in Milwaukee, Wis., with satellite locations in Texas and New Jersey, RRA offers a full suite of roofing solutions throughout the Central and Eastern United States.
Founded in 2006 by Adam Brissman, CEO, and Ricardo Herrera, COO, RRA leverages a technology-enabled approach to provide service to a diverse range of commercial clients. The company has appeared numerous times on Roofing Contractor's Top 100 list. Both Brissman and Herrera will remain in their roles post-closing, alongside the rest of RRA's management team, while also retaining significant ownership stakes.
"We're thrilled to partner with Great Range Capital to execute upon our shared strategic vision for RRA," said Brissman. "Great Range Capital's successful history of supporting businesses as they scale into market leaders was attractive to us, and we're excited to leverage their expertise and resources in our next phase of growth."
RRA said in a statement the partnership with Great Range Capital will support the company's ongoing execution of its organic growth strategy, while also establishing a scalable platform to grow via complementary acquisitions.
"In addition to the resources Great Range Capital brings, we're appreciative of the strong cultural fit between our organizations," Herrera said. "We look forward to working together as we grow RRA in both existing and new markets, and via acquisitions."
Ed Cettina of Cettina Infrastructure Advisors advised Great Range Capital on the transaction and joined RRA's Board as executive chairman at closing. Cettina has over 35 years of experience in the real estate, design and construction sectors, previously serving as global COO of AECOM's construction division prior to founding Cettina Infrastructure Advisor.
Also advising was Seth Deutsch, a Great Range Capital industry advisor possessing extensive experience supporting tech-enabled businesses within the B2B services, professional services and construction sectors. Deutsch also joined RRA's Board at closing.
"Adam and Ricardo have built an impressive business with significant potential for future growth," said Cettina. "We're all excited to partner with the two of them and their team to take RRA to the next level."
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