Milwaukee-based commercial roofing contractor Roofed Right America (RRA) announced in a release that is has acquired Upstate Roofing & Painting, a provider of reroofing, painting and repair services located in Rochester, N.Y. RRA is backed by Great Range Capital (GRC), a Kansas City-based private equity firm.
Upstate, which celebrates its 50th anniversary this year and has been led by President Bob Morgan since 2016, is RRA's first acquisition. Via a team of more than 100 employees, it is a preeminent provider of roofing and painting services to commercial clients throughout Western and Upstate New York. Morgan and the Upstate team will continue to lead the organization under the Upstate brand post-acquisition while also making active contributions to the broader RRA platform.
"RRA is a perfect fit for Upstate and its people," said Morgan, who has been with the company since 1998 and is on the board of the National Roofing Contractors Association. "We share the same culture, standards and vision for the future and are thrilled at the opportunity to join forces."
RRA's ownership team partnered with GRC in early 2023 to both accelerate its organic growth and to establish a platform that invests in and supports commercial roofing companies throughout the United States. According to a news release, RRA is "actively seeking organizations that are in search of an environment promoting the collective sharing of best practices and growth across the platform, while preserving and enhancing the culture and characteristics of each individual business."
"Upstate has been providing outstanding services for half a century and has a well-deserved reputation for excellence," said Adam Brissman, CEO of RRA. "We're truly excited and honored to be able to partner with Morgan and his entire organization in achieving future successes."