Federal authorities last week again raided a roofing and siding company in Mitchell, S.D., which has been in the legal crosshairs of federal prosecutors since the end of 2023 after the Bureau of Alcohol, Tobacco and Firearms executed a search warrant against Mitchell Roofing and Siding and its owner. Last week’s bust by authorities is…
As a fourth-generation contractor, Matt DiBara understands the importance of making the right decision when hiring employees. It’s an important decision given the labor shortage, let alone finding the right people to help your company succeed. That’s why DiBara, who runs The Contractor Consultants, took the time to share tips on how to get the…
New products and innovations designed to help roofing contractors grow their businesses are always hitting the market. Yet, if it seems like a tidal wave of new technology has flooded the roofing industry over the past five years or so, roofing veterans are quick to note it’s been more like an evolutionary process. If true,…
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…
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.…
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…
Many businesses — even entire industries — felt the impact of a strained economy punctuated by record inflation, spiking interest rates and overarching fears of a national recession in 2023. Still, commercial roofing contractors didn’t appear to be among them. Both anecdotally and undergirded empirically by data compiled late this year, commercial roofers are confident…
