Skyline Roofing Partners, an Imperial Capital portfolio company, announced its acquisition of Elo Roofing, a residential roofing contractor. As part of the transaction, Skyline partnered with the founders and existing management team of Elo, who will continue to lead Elo in its next phase of growth.

Headquartered in Jacksonville, Fla., Elo is a respected and trusted residential roofing contractor. Founded in 2013, the Company has grown organically into a regional operator serving customers on the East coast of Florida and in Colorado. Elo's outstanding reputation stems from its experienced team, ensuring quality craftsmanship and the highest level of customer service.

"We are thrilled to establish Skyline's entrance into these attractive markets," said Dan Reed, chief executive officer of Skyline. "Elo has a strong culture, impressive brand presence and significant growth on the horizon. Its founders, Derek and Pamela Williams, along with President, Eric Grengs, and their team have built a tremendous business that is trusted and sought-after by customers. We look forward to preserving their legacy as the Elo brand continues to flourish."

This acquisition marks the inaugural partnership for Skyline, which Skyline Roofing Partners said in a release was "founded on the premise of building a world-class platform of residential roofing and exterior services brands through a people-first, customer-focused approach."

"We are excited to partner with Dan and the broader Skyline and Imperial teams to help Elo reach new heights," said Derek Williams, founder of Elo. "Their experience and track record in roofing and in building businesses is invaluable. We are energized by the growth opportunities this creates for our team." 

"The Skyline and Imperial teams have proven themselves to be great ongoing stewards of our business and value creation thought partners," said Eric Grengs, President of Elo. "They have been tremendous to work with and this partnership is built on a foundation of trust."

Adina Notto, partner at Imperial, said Elo and its team had the hallmarks of a partnership that is "perfectly aligned with Skyline's mission to create a world-class platform of residential roofing brands focused on customer satisfaction." He said this includes a long track record of growth, a commitment to quality and a resolute focus on its customers and employees.

"We look forward to continuing the momentum at Skyline by accelerating Elo's growth together with the team, as well as continuing to build our platform of brands through future acquisitions," Notto said.