Northeast Contracting Corporation, a commercial roofing concern based in Lorton, Va., specializing in offices, industrial facilities, and educational institutions, has undergone a significant equity recapitalization through RCap Equity Partners of Philadelphia. The recap, announced yesterday in a news release by RCap Equity, a division of Renovus Capital Partners, said the middle market private equity firm…
JLK Contracting, Inc. was tasked with roofing a new warehouse facility in Bethlehem, Penn., with several specifications. The large, 243,000-square-foot building is rectangular with a quarter-inch per-foot structural slope in each direction, gutters to run along two edges, and parapet walls on the shorter sides. The project began in the fall, raising the urgency for…
Given the heady merger and acquisition action happening, particularly in the residential roofing contracting space, I thought a short, “Cliffs Notes”-type article would be helpful for firm principals considering their options. It is, by design, an at-a-glance information sheet; let’s dive in. Your Roofing Exit: You will exit your company, intentionally or unintentionally. Most…
