Saw Mill Capital Partners III, LP and affiliated private equity investment funds managed by Saw Mill Capital LLC announced the formation of SMC Roofing Solutions, LLC, a multi-regional, residential reroofing platform focused predominantly on insurance-claim demand. The terms of the transaction have not been disclosed. 

This is the first investment in Saw Mill Capital Partners III, LP. Scott Rivard, a partner at Saw Mill Capital, said they saw a need for a scaled service provider that combines institutional knowledge of the insurance adjustment process and technical roofing expertise with exceptional customer service. 

"SMC Roofing Solutions will be able to provide its businesses and entrepreneurs with the resources and support needed to accelerate growth, including deep relationships with outside suppliers, sales and installation crews," said Rivard. "We are excited to partner with the SMC Roofing Solutions management team to execute against a number of strategic initiatives, which will include both organic and acquisitive growth opportunities."

Dan Gregg, a vice president at Saw Mill Capital, added that Saw Mill leveraged its industry research team to get a deep understanding of the "large and highly fragmented insurance-focused residential reroofing market" in the U.S.

"We see several advantages to further consolidation and will be looking to expand the platform through partnerships with additional market-leading businesses," Gregg said.