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Acquisitions

Builders FirstSource Acquires New York-Based Kleet Lumber

Lumber company provides building materials including doors, windows and roofing
Roofing Contractor
Roofing Contractor Staff
December 3, 2024
No Comments

The move follows several acquisitions made by Builders FirstSource in 2024.


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Liz Dawson has been named controller and Trish Martin is Arkansas and Tennessee's new territory manager for Coryell Roofing (pictured).
Hiring News

Coryell Roofing Names Liz Dawson as Controller, Trish Martin as Territory Manager

Dawson brings expertise in financial planning and construction industry leadership; Martin will manage Arkansas and Tennessee territories
Roofing Contractor
Roofing Contractor Staff
December 3, 2024
No Comments

Coryell Roofing has announced two leadership hires: Liz Dawson as controller, who will oversee financial strategy and compliance, and Trish Martin as territory manager for Arkansas and Tennessee.


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Kraton-HQ---RC.jpg
Manufacturer News

Kraton Announces Sis Polymer Products Global Price Increase

Roofing Contractor
Roofing Contractor Staff
December 2, 2024
No Comments

Kraton Corporation announced a general price increase for all SIS polymer products that will take effect on Jan. 1, 2025.


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Gyptech, the Canadian gypsum and asphalt-shingle equipment and services manufacturer, has been purchased by New York-based Fortress Investment Group.
Private Equity

Gyptech Bought by Fortress Investment Group, Seeks Global Expansion

Terms of the deal were not released; management retains a minority stake
Bryan Gottlieb
Bryan Gottlieb
December 2, 2024
No Comments

Fortress Investment Group acquired Canadian gypsum and asphalt-shingle equipment maker Gyptech; the investment is hoped to facilitate the company’s global growth.


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Apex Roofing & Restoration announced a charitable donation of $75,000 to the Jimmie Hale Mission, a nonprofit in Birmingham, Ala.
Community Matters

Apex Roofing Donates $75K to the Jimmie Hale Mission

Roofing Contractor
Roofing Contractor Staff
December 2, 2024
No Comments

Ahead of Thanksgiving, Birmingham, Ala.-based Apex Roofing donated $75,000 to Jimmie Hale Mission, a local nonprofit, aiding its shelters, recovery services, and warming station for those in need.


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Brothers Travis Slaughter and Tripp Slaughter have pleaded guilty to multiple felonies after a years-long investigation involving state and federal officials.
Crime Blotter

Jacksonville Roofers Admit Guilt In Massive Tax Fraud Case

Years-long scheme involved falsified records, insurance fraud and numerous other crimes amounting to $10 million.
Bryan Gottlieb
Bryan Gottlieb
December 2, 2024
No Comments

Just before Thanksgiving, in Jacksonville, Fla., roofing company owners and brothers Travis and Tripp Slaughter admitted to a $10M fraud scheme involving unpaid taxes, false insurance claims, and wage underreporting.


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Federal Court for the Eastern District of Texas.
Regulatory News

Federal Judge Blocks Rule Expanding Overtime Pay Eligibility

Department of Labor's rule would have increased threshold to $58,656 in 2025
Chris Gray, editor of Roofing Contractor and Roofing Supply Pro
Chris Gray
November 28, 2024
No Comments

A federal court blocked the U.S. Department of Labor’s overtime rule raising salary thresholds for eligibility, reverting the limit to $35,568 and sparking potential appeals.


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Malin, a Raymond subsidiary, partnered with Operation Gratitude to donate “Battalion Buddies” for children of deployed U.S. military service members.
Philanthropy 2024

Raymond Takes Stock of Its 2024 Community Investments

From participation in charitable events to assisting organizations with equipment giveaways, Raymond network continues to support communities
Roofing Contractor
Roofing Contractor Staff
November 27, 2024
No Comments

The Raymond Corporation supported 150+ organizations in 2024 through donations, volunteering, and events, highlighting its dedication to innovation and community impact.


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3MG Solutions has received an equity infusion by Bayview Asset Management, LLC.
Private Equity

3MG Solutions of Fla. Secures Equity Infusion from Bayview Asset Management

Investment will help drive growth in residential and commercial roofing markets
Roofing Contractor
Roofing Contractor Staff
November 27, 2024
No Comments

3MG Solutions secured a significant investment from Bayview Asset Management to accelerate its growth in roofing services, aiming to scale operations toward becoming a national company.


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AT&T Stadium
Thanksgiving Football

Cowboys' AT&T Stadium Incident: Wind, Not Roof, to Blame

Metal sheet falling onto the field before Monday Night Football game raised unfounded concerns about roofing integrity; Kpost weighs in
Bryan Gottlieb
Bryan Gottlieb
November 27, 2024
One Comment

A wind-blown metal cover falling at AT&T Stadium during the Cowboys’ Nov. 18 game sparked "Roofgate" speculation, but officials confirmed the retractable roof was not at fault.


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