Private Equity Takes the Stage

Given the massive amount of private equity activity occurring in the roofing industry, this year’s list will note which companies are involved in a private equity group or part of a larger roofing contractor corporation.

Some companies have seen massive revenue increases thanks to the injection of funding through private equity, while others continue to build through other means. The final list's results will bear out just how much private equity affects a company’s positioning.

Despite the near-constant news about investment firms or corporations acquiring roofing businesses, the list has only a small percentage of companies saying they’re with private equity — about 20%.

Most Popular Roofing States

It will come as little surprise that some of the most significant states for roofing are the most represented in the 2024 list. Texas and Florida appear to have the most entrants, each having at least 20 companies included.

When broken down further, Houston-based companies are shaping up to have the most representation for the Lone Star State, followed by Dallas. For the Sunshine State, Fort Lauderdale and Fort Myers companies make up the majority of Floridians.

Representation Needed

On the other hand, some states have little to no representation on this year’s list. Connecticut, for instance, has only one entrant (if you know who you are, spoiler alert!).

Other states in the northeast have similarly low numbers, including Massachusetts, New Jersey and New York. Outside of the East Coast, states like Nevada and Wyoming are underrepresented.

RC will release a list examining the Top 100 by Region, so check back and see where your company lands in its market.

Commercial vs. Residential

As always, we compare the number of commercial roofing contractors to residential contractors. We’re defining a contractor as primarily commercial or residential based on whether 75% or more of their work comes from those respective markets.

That being the case, this year’s list is leaning toward more residential companies (about 48%) than commercial (about 38%). The rest of the list comprises contractors who perform regular work in both sectors.

The Top 150?

Typically, we list the Top 100 and include “The Next 50” to spotlight contractors who nearly made the list. Given that we received so many submissions this year, RC decided to expand the 2024 list to 150 instead of the typical 100.

If participation continues to grow at this rate, we may make the change permanent. But it’s up to you to make that happen! Submissions for next year’s list will be open in January 2025, so set a reminder now to submit your company.

Stay tuned for the final list in August to see where your company ranks.