Roofing contractors in both the residential and commercial sectors found success last year despite economic conditions that were less than favorable for it, including record inflation, volatility in material prices and, at times, product scarcity.
RC’s 2023 Top 100 List reflects the hard work contractors in markets nationwide did to survive and, in some cases, thrive last year.
Unsurprisingly, the top tier of the list is the purview of roofing’s upper echelon, the largest concerns that continue to reign and remain primed for success. And while there is yearly consistency among the top tier of companies on our list, 2023’s ‘Top 10’ has some standouts.
The top-of-the-top peak of our Top 10 has become familiar territory for both Tecta America and CentiMark Corporation, which have perennially enjoyed their perches. What’s new for 2023 is that each concern reported revenues exceeding $1 billion — an RC Top 100 first.
Two companies with long histories — and recently infused private equity money — also cracked the Top 10 this year.
Ohio-based Erie Home reported a 35% increase in net revenue, finishing 2022 with $448 million and momentum for continued growth this year despite some analysts’ projections that store sales would remain flat or even decrease. Working with Gridiron Capital, the company expanded its national presence within months.
“We continue to strategically open one new market location each month, increasing our revenue growth while maintaining consistent performance in our profit structure,” Erie Home officials wrote in their financial disclosure submission.
Also making quite an impression this year is Wisconsin-based Infinity Home Services, which grew from a reported $110 million in revenue in 2021 to lapping that figure in 2022. The company posted a reported $230 in income, which comes on the heels of its acquisition by private equity firm North Branch Capital at the beginning of 2022; subsequent purchases of Skywalker Roofing and Henderson Roofing followed.
While the complete list is set to publish in August, we had to offer readers a sneak peek of the “best of the best”: