Centre Partners, a middle market private equity firm with offices in New York and Los Angeles, announced today that it has partnered with management to acquire Quick Roofing, a residential and commercial roofing service provider with operations in the Southwest, Southeast and Great Plains.
In a Jan. 8 news release, Center Partners said that Quick Roofing, founded in 1984 and headquartered in the Dallas-Fort Worth metro area, offers a comprehensive suite of roofing and related services, including new roof installation, roof repair and replacement, solar panel installation, and other exterior home services.
Quick's CEO, Eric Armstrong, a veteran roofing operator with over 20 years of experience in the industry, has invested alongside Centre Partners and will continue to lead the business alongside the existing management team.
"We are excited to partner with Eric and the Quick management team to continue building the company as it enters its next phase of expansion,” said Daniel Brinkenhoff, a managing director at Centre Partners.
“Quick is the ideal platform investment, given its consistent track record of organic growth and successful entry into new markets, along with an industry-leading reputation and market share in favorable geographies,” Brinkenhoff added.
Quick Roofing’s CEO praised the deal, extolling the company’s strength and long-standing reputation with its employees, customers and suppliers.
"We are thrilled to partner with Centre to build on these values and further accelerate Quick's growth trajectory and strengthen our market leadership, allowing us to better serve our customers," Armstrong said.
Fidelity Direct Lending LLC provided debt financing for the transaction.
For more information, visit quickroofing.com.