Bertram Capital announced last week that it has made an investment in and partnered with Birmingham, Ala.-based Ridgeline Roofing & Restoration, LLC, a provider of residential reroofing and restoration services across the Southeastern U.S.
In a Jan. 30 news release, Bertram said Ridgeline has operations in Alabama, Georgia, Tennessee, and Florida and represents the first platform investment supporting Bertram's expanded focus on lower middle market businesses with $3M to $7.5M of EBITDA in the business services and consumer sectors.
Terms of the transaction were not disclosed.
"Ridgeline's success is a testament to the demonstrated leadership and entrepreneurial spirit of its founders, Chris Baldus and Scott Bullard,” said Tom Beerle, partner at Bertram Capital. “As partners to Ridgeline, we seek to accelerate growth across the Southeast and replicate Ridgeline's formula in new markets."
Bertram said Ridgeline has demonstrated rapid growth in its four years of operation, expanding from its home office in Birmingham to five other Southeastern U.S. markets. The strategic partnership between the companies positions Ridgeline to extend organic growth, pursue complementary acquisitions, and continue to build a best-in-class team.
"We are thrilled to join forces with Bertram; this partnership represents a tremendous opportunity for us to accelerate our growth," said Chris Baldus, co-founder and CEO of Ridgeline Roofing.
Scott Bullard, co-founder and president of Ridgeline, added, "Tom and the team at Bertram share our values, and we are confident that this collaboration will lead to even greater success in the future for us and our team, who will benefit the most from this partnership."
Bertram was advised in the financial acquisition by Wayne Vacek and Kasey Trout of Founders Advisors.
For more information, visit ridgeline-roofing.com.