Patuxent Roofing & Contracting, Inc., a provider of re-roofing installation and services, announced on August 1 that it would rebrand as part of its private equity-backed plans for national scaling and would now be known as PAX Services Group.
In a news release, PAX Services, flush with cash after concern’s acquisition by New State Capital Partners in April 2022, also announced the hiring of Mike Wade, an executive with more than 20 years of experience in facility services and maintenance, who joined the firm as Chief Operating Officer.
Headquartered in Laurel, Md., with operations across the mid-Atlantic and Texas, PAX focuses primarily on re-roofing services to hospitals, schools, government buildings and other facilities subject to complex bid procedures that require operational specialization.
The company also plans to expand services into complementary areas such as concrete and facade restoration, waterproofing, and historic preservation.
"Rebranding as PAX Services Group reflects the ongoing expansion of both our service offerings and our geographic reach, and Mike [Wade] is the perfect person to help us execute on both these strategic initiatives," said PAX CEO Mike Gowl.
"[Wade’s] deep experience in specialty contracting, acquisitions, and integration, combined with his broader perspective as a leader outside the roofing industry, will be invaluable as we continue to diversify our services and move into new regional markets," Gowl added.
Wade most recently served as COO for Crete Mechanical Group. Before that, he was vice president and senior general manager at ABM Industries and CEO of Comfort Systems USA Southeast. Wade began his career in mechanical engineering as operations manager at Gulfside Mechanical. He holds a bachelor’s degree in mechanical engineering from Pensacola Christian College and an MBA from the University of Virginia Darden School of Business.
"PAX Services Group has a sophisticated team with a strong foundation and tremendous growth opportunities. I'm excited to build upon the company's momentum," Wade said. "I look forward to creating more opportunities for individuals and businesses to be part of the PAX story while continuing to deliver value to customers in our specialty markets."
Shaun Vasavada, principal at New State, added, "Introducing a broader brand identity and adding to the senior team supports the platform's integration of complementary building maintenance, repair, and renovation services, as well as its geographic expansion.
“These remain the pillars of our collective growth strategy as we work toward our goal of making PAX Services Group the premier exterior services company across the U.S.," Vasavada added.
For more information, visit paxservicesgroup.com.