After a highly active 2023, deal activity in the roofing space continues at a rapid pace with no signs of slowing. Despite high interest rates, inflation and economic uncertainty hampering deal-making activity in most of the building products market, investors continue to aggressively chase roofing contractors for deals, attracted by the robust demand outlook, size…
Bone Dry Roofing, a residential and commercial roofing company and 2023 Residential Contractor of the Year, announced two new hires are joining its executive team. Tony Merlie is the company’s new chief financial officer, and Billy Smith joins as the company’s chief operating officer. Merlie and Smith round out the leadership team alongside owner and…
For the last several days, the National Oceanic and Atmospheric Administration’s National Weather Service has been sounding the alarm that a large swath of the continental United States will experience its first major heatwave of the season. Beginning yesterday, rising temperatures will hit the South before stretching over the Midwest and spreading to the East…
The first phase of construction has begun for a new asphalt shingle manufacturing facility for IKO in Clay County, Fla., led by Dana B. Kenyon Company (DBK), a construction firm serving a broad range of commercial and industrial markets. “It has always been part of our belief system, dating to my grandfather’s founding of the…
Greenwood Industries, a custom building envelope solutions company in the Northeast and 2023 Commercial Contractor of the Year, announced a leadership transition and several key promotions within its executive team. Effective immediately, David Klein will transition from his role as president to chief executive officer. Greenwood Industries says the move will enable Klein to step…
The Roof Resource, a Michigan-based roofing company launched in 2023, announced a promotion last week called “Be The Hero,” which the company says helps groups raise funds and homeowners save thousands on roof replacement costs. In an April 4 news release, The Roof Resource said its “Be The Hero ” program reinvests funds into the…
Carlisle Companies Incorporated (NYSE:CSL) has announced its Q4 2023 financial results, which have broken records. The company’s GAAP diluted EPS was $3.91, and its adjusted EPS was $4.17. While revenues declined slightly by 1.9% YoY to $1.1 billion, the company’s operating and adjusted EBITDA margins expanded significantly by 440 basis points YoY, indicating an upward…
As 2023 comes to its inevitable close, the wistful reflections of what ‘was’ filled the media, and the U.S. Census Bureau isn’t immune to such nostalgic wont. The Census released a ‘look back’ news bulletin on Wednesday showing how the business sector has changed, with Latino businesses gaining ground. There were more Hispanic-owned businesses overall…
Many businesses welcomed 2023 while emerging from — or still grappling with — supply chain issues, inflation at a 40-year high, and more employees quitting than usual with insufficient applicants to replace them. Unfortunately, 2023 offers no reprieve, only more uncertainty. Given this set of circumstances, employers’ resolution for the New Year should be to…
S-5!, the pioneer of engineered metal roof attachments, was awarded the 2023 Gold Level Industry Advocate Award for outstanding service, participation and support of the Metal Building Manufacturers Association at the group’s annual meeting and awards presentation on Dec. 6 in San Antonio, Texas. In a news release, S-5! said CEO and founder Rob Haddock, together with his…
