Exit planning - Articles - Page 2

Author and retiring roofing journalist Rick Damato

Editorial Director's Note

Retirement ‘2.0’: A Final Note from Rick Damato

RC Editorial Director ends a more than 40-year career with the roofing industry to enjoy retirement (again)

April 5, 2024

Rick Damato, editorial director of Roofing Contractor and Roofing Supply Pro, has decided to leave his quill in the ink well and retire after more than 40 years in media. He offers his thoughts and well wishes to readers.

River Sea Network and Pearl Street Capital Partners form new residential roofing portfolio company called “Aligned Exteriors Group.” (Logos pictured.)

The Great Roll-Up

Two Private Equity Groups Team, Launch ‘Aligned Exteriors Group’

River Sea Network and Pearl Street Capital Partners form a new residential roofing and exterior services platform

Roofing Contractor Staff

March 27, 2024

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River Sea Network and Pearl Street Capital Partners partner to form Aligned Exteriors Group, a service platform targeting the residential roofing sector; AEG is actively seeking partnerships.

Why a Roofing Company Becomes a ‘Target’ for Acquisitions

The presence of private equity rolling up roofing contractor firms means your company may be on somebody’s radar — without you knowing it.

Kevin Kennedy

February 16, 2024

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Do you want your roofing contractor firm to be considered attractive for an outside sale? Consider your personal and financial goals, and beware of one-off deals.

Management Buyout

Texas Traditions Roofing Announces New Ownership

Family business celebrates its 10th anniversary, founders retire with new leadership in place

Roofing Contractor Staff

January 30, 2024

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Texas Traditions Roofing announced President Michael Pickel and GM Bryan Chisholm's acquired the firm from its retiring founders effective Jan. 1.

A man doing accounting work making a displeaased face

Exit Planning

Stop Overpaying ‘Exit’ Taxes

Most business owners unnecessarily pay ‘exit taxes’ exceeding 55%; here’s how to reduce that rate to 15%-35%, saving a bundle

Kevin Kennedy

December 29, 2023

One Comment

Kevin Kennedy of Beacon Exit Planning provides a birds-eye view of alternative legal strategies to consider in your business exit that can save you a bundle.

Brazos Commercial Roofing is now owned by David Galloway.

Mergers and Acquisitions

Generational Equity Advises Brazos Commercial Roofing in Management Buyout

Former co-owner, David Galloway, is now firm’s sole principal

Roofing Contractor Staff

December 28, 2023

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Dallas-based Generational Equity facilitated a management buyout of Brazos Commercial Roofing, completed on Dec. 15; David Galloway, a former co-owner, now solely owns the Houston-based firm.

Your Sale Options in a ‘Roofing Exit’

An overhead view of an owner’s exit options in the roofing industry

Kevin Kennedy

November 9, 2023

One Comment

Kevin Kennedy of Beacon Exit Planning provides an overview of considerations for roofing company owners contemplating their exit options.

Succession Plan

Snyder Roofing Announces Change of Principals

Oregon-based concern announces transition of ownership to CEO

Roofing Contractor Staff

October 6, 2023

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Snyder, a roofing and waterproofing company based in Tigard, Ore., has transitioned ownership to CEO Josh Mullen in a succession plan ensuring its future in the Pacific Northwest.

Management News

McElroy Metal Employees Now Have Skin in the Game

Components manufacturer marks its 60th anniversary with a transition to employee stock ownership plan

April 20, 2023

2 Comments

McElroy Metal, a 60-year-old components manufacturer based near Shreveport, La., with 14 facilities nationwide, recently announced a transition from being a family-owned concern by offering an employee stock ownership plan.