American Hydrotech, the Chicago-based manufacturer of waterproofing and roofing products and a Sika subsidiary, announced on Tuesday that its Garden Roof Assemblies have successfully passed a series of tests to meet FM Approvals. FM Approvals is a third-party testing and certification service like Underwriters Laboratories. In a Feb. 13 news release, American Hydrotech said receiving FM…
NanoTech Materials, Inc., a provider of climate-resilient materials, announced on Tuesday a collaboration with Cool Roof Coating Systems, LLC, a subsidiary of Tesson Roofing in the Grand Canyon State, to combat high indoor temperatures in the all-consuming heat that is summer in Arizona. In a Jan. 23 news release outlining the partnership, Cool Roof Coating…
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…
Generational Capital Markets, a mergers and acquisitions advisor for privately held businesses, announced last Thursday it had brokered the sale of its client, Manchester, Tenn.-based Watson Metals, to Georgia Metals, a portfolio company of CID Capital. In a Feb. 8 news release, Generational Capital said the deal, for an undisclosed amount, closed on Feb. 5. Watson Metals…
Omnia Exterior Solutions, a portfolio company of CCMP Growth Advisors LP, announced a new partnership with Ace Roofing, a commercial and residential roofing company based in Bozeman, Mont. This will be the fifth company added to Omnia Exterior Solutions’ portfolio, which launched in June 2023. “We know that Ace Roofing brings a talented team, years…
Highland Roofing Company announced Brandon Watson has joined its team as Raleigh project executive, where he will oversee Highland’s Raleigh production team on new construction and reroof projects throughout the Raleigh–Durham–Cary region in North Carolina, known as the Triangle. Watson has over 17 years of experience working on large projects in the construction and real…
Dallas-based Generational Equity, a mergers and acquisitions advisor for privately held businesses, announced on Wednesday a management buyout of its client, Brazos Commercial Roofing, by David Galloway, previously a co-owner of the company. In a Dec. 27 news release, Generational Equity said that moving forward, Brazos Commercial Roofing will be solely owned by Mr. Galloway.…
IKO, one of the largest manufacturers in the roofing, waterproofing and insulation industry, announced last Thursday plans to construct a new manufacturing facility in Brantford, Ontario, Canada. The new $45 million site will manufacture extruded polystyrene insulation, will employ about 30 people in the Brantford area, and will serve IKO customers throughout Canada and the…
Great Day Improvements, LLC, a residential home remodeling company, announced last Friday it had acquired Florida-based Home Performance Alliance, a remodeler working in the window replacement, bath remodel and roofing solutions space. In a Dec. 22 news release, Great Day said its latest acquisition “further diversifies the company’s offerings for consumers and contributes to the…
BluSky Restoration Contractors LLC, a national property restoration company in the U.S. and a Top 100 contractor, announced a merger with South Bend, Ind.-based First Response. The merged companies will continue as BluSky Restoration Contractors, operating 62 offices in 27 states from coast to coast. In addition to restoration services currently provided by First Response,…
