Private Equity
Dunes Point Capital, LP Announces the Formation of Roofing Services Solutions, LLC
New portfolio company begins with Florida roofing contractor as its first acquisition
Dunes Point Capital, based in Rye, N.Y., is a private investment firm that pursues “control investments” in companies operating in the general industrial and business services sectors; DPC targets companies with enterprise values of up to $1 billion.
Image by Bryan Gottlieb/RC
Dunes Point Capital, LP, a private equity firm based in suburban New York City, announced Tuesday it had launched Roofing Services Solutions, LLC and acquired Clermont, Fla.-based Nolands Roofing, Inc. as its first acquisition.
Located about 22 miles west of Orland, Nolands is a provider of re-roofing and building exterior services to residential customers, Dunes Point Capital said in a Dec. 26 news release announcing the new portfolio concern.
Nolands has three Florida locations and employs approximately 70 people. In a statement, Dunes Point Capital said Noland's is the first investment in a platform consolidation strategy in the aftermarket roofing services space.
Dunes Point Capital Fund III, LP provided the controlling equity for the transaction. M&T Bank provided the debt for the transaction. Polsinelli PC served as DPC's legal advisor, and Alvarez & Marsal Transaction Advisory Group served as DPC's financial advisor. Sunbelt Business Brokers of South Florida served as M&A advisor to Nolands.
The terms of the deal were not announced.
For more information, please visit nolandsroofing.com.
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