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Home » Topics » News

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Peak Roofing Action Roofing logos.jpg
Mergers and Acquisitions

Peak Roofing Partners Acquires Action Roofing in Strategic Growth Initiative

The deal is the first for Peak Roofing Partners, a portfolio company of Exuma Capital Partners
Roofing Contractor
Roofing Contractor Staff
June 25, 2024
No Comments

Action Roofing, founded in 1986, provides roofing solutions to residential and homebuilder clients throughout South Florida and is the first acquisition by Exuma Capital Partners, a portfolio firm founded by Anthony Perera..


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A man holding an element of GAF Energy’s Timberline Solar shingle system (pictured).
Solar News

GAF Energy to Build New Solar Roof Testing Facility

Company receives U.S. Department of Energy grant; will partner with Sandia National Labs
Roofing Contractor
Roofing Contractor Staff
June 24, 2024
No Comments

GAF Energy plans to build a state-of-the-art solar roofing testing facility in collaboration with Sandia National Laboratories — with support from the U.S. Department of Energy — to enhance understanding of solar shingles' benefits for heating and air conditioning efficiency.


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The SkillsUSA competition takes place this year starting Mon., June 24 though Fri., June 28 in Atlanta.
Workforce Development

Roofing Alliance Funds SkillsUSA Initiative

The Roofing Alliance commits a three-year, $150,000 grant to support SkillsUSA initiatives in an effort to attract young talent to the roofing industry
Bryan Gottlieb
Bryan Gottlieb
June 24, 2024
No Comments

The Roofing Alliance, the philanthropic arm of the National Roofing Contractors Association, announced a three-year, $150,000 grant to promote roofing in SkillsUSA, a national organization supporting technical career education. 


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A picture of the Batchellerville Bridge in upstate Saratoga County, New York.
Crime Blotter

Shocking Cover-Up by Roofing Contractor Results in Conviction

New York roofing company owner moved worker to cover-up worksite death
Bryan Gottlieb
Bryan Gottlieb
June 24, 2024
No Comments

An upstate New York roofing contractor was sentenced for attempting to cover up an employee's death by moving the victim and instructing others to clean the scene to hide the lack of workers’ compensation insurance.


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Goldman Sachs increased its holdings of Beacon shares by 11.6% in Q4 of 2023. (Goldman Sachs HQ pictured.)
Distributor News

Goldman Sachs Bullish on Beacon, Increases Position by 11.6%

Investment Bank now holds $52M in stock
Bryan Gottlieb
Bryan Gottlieb
June 21, 2024
No Comments

Goldman Sachs increased its Beacon Roofing Supply shares by 11.6% in Q4, owning 602,287 shares worth $52.4M. Despite a "hold" rating from StockNews.com, other investors and analysts remain confident.


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Town & Country Industries, a division of ABC Supply Co., acquired the assets of Mobile-based Aluminum Products Wholesale LLC.
Distributor News

ABC Supply Co. Acquires Aluminum Products Wholesale

Town & Country Industries, a division of ABC Supply, purchases assets of Alabama company
Roofing Contractor
Roofing Contractor Staff
June 21, 2024
No Comments

Town & Country Industries, a division of ABC Supply Co., acquired the assets of Mobile-based Aluminum Products Wholesale LLC.


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The David Memorial Foundation announced 10 winners of its 2024 Scholarship grant (winners pictured).
Scholarship News

Davis Memorial Foundation Announces 2024 Scholarship Winners

Philanthropic arm of the Western States Roofing Contractors Association gifts $50,000 to 10 students
Roofing Contractor
Roofing Contractor Staff
June 20, 2024
No Comments

The Davis Memorial Foundation, under the Western States Roofing Contractors Association, announced the 10 students who will share a $50,000 grant for 2024-25.


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A cougar was caught on CCTV skulking about the roof of a house in Idaho (pictured).
Odd News Dispatch

VIDEO: Roof Cougar on the Prowl; Chickens Remained Unharmed

Wildlife in the hinterlands gives homeowner a good fright
Bryan Gottlieb
Bryan Gottlieb
June 20, 2024
No Comments

An Idaho resident captured CCTV footage of a cougar on her roof, initially mistaking the noise for a raccoon; she was relieved to find her chickens unharmed.


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IKO Commercial announced its expansion into New York by hiring two exclusive sales agents.
Manufacturer News

IKO Commercial Expands New York Footprint

Appoints BEST and MPDL Roofing as Exclusive Independent Sales Agencies
Roofing Contractor
Roofing Contractor Staff
June 20, 2024
No Comments

IKO announced the expansion of its New York footprint by appointing BEST for NYC and MPDL Roofing for upstate New York as exclusive independent sales agencies.  


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A picture of the NASDAQ exchange.
Capitalization

QXO Announces $3.5 Billion Private Placement

New ‘kid on the block’ has amassed a substantial war chest to make its presence known
Roofing Contractor
Roofing Contractor Staff
June 19, 2024
No Comments

QXO, Inc., a new building products distributor, announced a $3.5 billion private placement, selling 340.9 million shares at $9.14 each and is expecting to close in Q3 2024 with 821.6 million shares outstanding; QXO is listed on the NASDAQ.


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