Partners at a start-up commercial roofing firm received what would be considered a ‘once-in-a-lifetime’ opportunity; the ‘unicorn’ of offers followed a decade later
CE REEVE Roofing, a Tecta America company, grew from a small roofing outfit to generating $60 million annual sales giant under Bryan Klepinger and Stacy Agnew.
Proceeds from the refinancing will be used to repay Tecta's existing Second Lien Term Loan, to pre-fund acquisitions under letters of intent and for general corporate purposes.
Residential and commercial roofing firms enjoyed a banner year in 2022, as reflected in RC's 2023 Top 100 List, including Tecta America and CentiMark Corporation, which each reported record revenues; other entrants made their presence known quickly courtesy of private equity, including Erie Home and Infinity Home Services.
Tecta America, a national commercial roofing concern, recently announced the acquisition of a Saltsburg, Pa.-based Tuscano-Maher Roofing, which serves the greater Pittsburgh area. Tecta now has a presence in more than 90 markets nationwide.
Mahaney Group, formerly Mahaney Roofing, has served the greater Wichita, Kan., metro area since 1888 with new roofing, reroofing and other construction services.