JACKSONVILLE, Fla., Nov. 29, 2022 /PRNewswire/ — Shoreline Equity Partners, LLC (“Shoreline” or the “Organization”), a purpose-pushed lessen middle market place personal fairness firm, has partnered with Core Roofing Methods, LLC (“Main Roofing” or the “Firm”). Headquartered in Alpharetta, GA, Core Roofing is a foremost provider of professional re-roofing, maintenance, maintenance, inspection, and new roofing programs across the Southeast. The Company was founded by Dusty DeVore in 2002 and has since grown to much more than 180 employees with a assorted set of shoppers across Georgia, Florida, Alabama, Arkansas, Mississippi, North Carolina, South Carolina, and Virginia. With a 20+ calendar year heritage and respected brand and reputation, Core Roofing has effectively positioned itself as a person of the top business roofing company vendors in the Southeast.
Relocating ahead, and in partnership with Shoreline, Core Roofing is wanting to execute on an aggressive progress plan via natural initiatives and acquisitions. The new partnership with Shoreline gives the Enterprise with equally the acquisition experience and entry to cash essential to spouse with other main professional roofing companies throughout the U.S. Dusty DeVore has managed a important possession placement in the business enterprise and will go on to lead the Business going ahead.
Mike Hand , Running Spouse at Shoreline, reported, “Dusty and the overall team have completed an remarkable work of increasing Core Roofing into a very clear marketplace leader more than the last 20 yrs. The Company has created an remarkable brand name and reputation as the go-to professional roofing service service provider for its prospects and suppliers. It was distinct from our initially discussion with Dusty that Main Roofing would be a good suit for Shoreline because of to the good quality of the company and its men and women. We are grateful to husband or wife with Dusty and the staff to continue developing a top business roofing platform across the Southeast and nationally.”
Zach Mittelmark , Principal at Shoreline, claimed, “Upon meeting with Dusty and the broader Core Roofing team, we straight away understood we experienced observed the suitable system to spouse with in the industrial roofing house. Main Roofing has crafted an exceptionally special and tough-to-replicate routine maintenance and maintenance provider supplying which allows them to deliver top-quality purchaser assistance in the course of the full lifecycle of every industrial roof. We are over and above energized to support Core Roofing embark on an formidable include-on acquisition tale with the target of getting just one of the premier industrial re-roofing firms in the US around the many years to occur.”
Dusty DeVore , Founder and CEO of Main Roofing, mentioned, “We could not be more thrilled to husband or wife with Shoreline. It was exceptionally essential that we located a husband or wife that aligned with our values. Main Roofing was built on the strength of the relationships with our prospects, suppliers, workforce, and the local community at big, and Shoreline shares our belief in the relevance of continually offering for all those important constituents. We are psyched to accelerate our progress the two organically and by means of acquisitions in partnership with the Shoreline crew whilst making sure that we retain our higher benchmarks for work good quality, buyer company, and associations for which Core Roofing is known.”
The transaction for Shoreline was led by Mike Hand, Taking care of Spouse Zach Mittelmark, Principal Mike Mancini, Senior Associate Pete Bouret, Senior Associate and Mike Dolak, Affiliate. Harvey & Business served as an advisor to Shoreline, although South Point out Lender delivered the financing for the transaction .
About Core Roofing
Established in 2002 and headquartered in Alpharetta, GA, Core Roofing is a primary provider of professional roofing solutions including re-roofing, maintenance, maintenance, inspection, and new roofing systems. With about 180 personnel and offices in Ga and Florida, Main serves a diversified consumer foundation across the Southeast, which includes business and industrial house homeowners, house management firms, REITs, and municipalities, between many others. For more info, be sure to take a look at www.coreroofing.web .
About Shoreline
Shoreline is a lower center marketplace private fairness firm targeted on actively partnering with main administration groups. Shoreline follows a overall stakeholder design, that means good results should be a “earn-earn” proposition for shareholders, employees, clients, suppliers, and the communities within which the Firm’s businesses function. Shoreline pros think in honesty, incentive alignment, and building even larger, far better enterprises without relying on money engineering or price reducing to crank out returns. Investing out of the Firm’s inaugural $300 million fund, Shoreline seeks to lead equity investments of up to $100 million for every transaction in help of buyouts, recapitalizations, and company divestitures. Focused firms have organization values ranging from $25 million to $250 million and EBITDA of $3 million to $25 million. The Agency strives to lover with administration groups of businesses mainly in just the specialised producing, price-extra distribution, and business and facility expert services sectors, amid other folks. For more data, please visit www.shorelineequitypartners.com.
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