Capstone Partners advised Latite Roofing & Sheet Metal, LLC—a leading provider of roofing services and portfolio company of Lincolnshire Management—on its sale to an affiliate of Sun Capital Partners, Inc, a private equity firm.
Latite Roofing & Sheet Metal offers full-service roofing solutions for residential and commercial customers in Florida, including installation, re-roofing, repair, and maintenance services. The company specializes in clay, concrete tile, standing seam metal, shingles, and flat deck roofing solutions. Latite is the largest roofer in Florida and has serviced businesses and residents in the area for over 80 years. For more information, visit their website here.
Capstone Partners worked diligently with our team throughout the transaction and were instrumental in delivering a positive outcome to the process. With their approach and constant support, we quickly developed a partnership that led to a successful transaction. As I have reviewed the entire process, I am very pleased with the decision to select Capstone as advisors and would highly recommend them to others.
“Lincolnshire greatly respects the critical contribution Capstone made to a successful transaction. From top to bottom, their team was strong and reliable. Capstone provided comprehensive support, demonstrating professionalism and adroit management of all parts of the transaction, including helping us position the business, working with management, and negotiating delicate deal points. Their knowledge of the sector and ability to position the company to maximize value helped deliver a successful outcome. We look forward to working with Capstone again,” added John Comino, Managing Director at Lincolnshire Management.
Sam Matlin, Managing Director at Capstone Partners, commented, “This transaction underscores the growing M&A interest in the roofing industry amidst compelling underlying sector fundamentals, including growing and resilient re-roofing demand in a highly fragmented market landscape. We are thrilled to have helped Latite through this transaction and are excited to follow its continued growth with its new private equity partner.”
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a global private equity firm focused on partnering with outstanding management teams to accelerate value creation. Sun Capital has invested in approximately 545 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. Sun Capital focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the Services, Food & Beverage and Industrials and Distribution sectors. The firm has offices in Boca Raton, Los Angeles and New York, and an affiliate with offices in London.
For more information, visit their website here.
The expert investment banking professionals on Capstone Partners’ Industrial Services Team work with leading middle market companies operating in the Construction Services market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Industrial Services Banking Team, contact us here.
