McCurdy-Walden Inc. has been acquired by Core Roofing Systems, a portfolio company of Shoreline Capital. Terms of the transaction were not disclosed.
McCurdy-Walden is a full-service roofing contractor that provides roof replacements, roof repair, and roof maintenance plans for commercial properties primarily in North Florida and South Georgia. Founded in 1986, the company has more than 70 skilled employees and an arsenal of tools, including over 30 trucks, motorized roofing equipment, elastomeric coatings, spray rigs, cranes, and roll-off dumpsters.
Core Roofing Systems is a fully-licensed and bonded commercial roofing contractor focusing primarily on projects primarily in the Southeast. Core is a portfolio company of Shoreline Equity Partners, a private equity firm headquartered in Jacksonville, Fla., that invests in companies primarily in the Southeast.
The acquisition of McCurdy-Walden represents Core's first acquisition since partnering with Shoreline Equity Partners in November 2022. According to a news release, the partnership with McCurdy-Walden expands Core's presence within Florida and highlights the platform's aggressive growth strategy to continue building a leading commercial roofing service provider across the Southeast and nationally.
Heritage Capital Group served as the exclusive financial advisor and intermediary to McCurdy-Walden.
"The Heritage team was with us every step of the way," said Mark and Jon Walden, owners of McCurdy-Walden. "They advised us and helped us understand aspects of the transaction which were completely new to us. The sale of our family business, which had been an integral part of our lives for nearly four decades, held profound personal significance. The Heritage team not only grasped the deeply personal nature of our decision to sell, but also diligently secured the highest value and most favorable terms for us."