Construction Acquisitions in Illinois

Calera Capital, a middle-market private equity firm, has acquired ReVamp Companies, a national provider of specialty floor and surface coatings, fencing, and decking replacement and installation services, from Bertram Capital. ReVamp is headquartered in Freeport, Illinois, operates 14 brands across more than 60 locations in nearly 20 states, and Calera said the investment will support platform expansion, innovation, and continued growth under founder Jeff Gear and the existing management team.

Crescendo Capital Partners, together with operators from Construction Capital Group, has acquired Peoria Industrial Piping Company (PIPCO) and created a new holding company, Essential Facility & Infrastructure Services (EFI Services), with PIPCO as the first operating company. Fidus Capital provided term debt and an equity co-investment; the Cicciarelli family (sellers) retain equity and will remain in leadership roles as the sponsors build a regionally dominant MEP and fire protection platform in the Midwest.

Indianapolis-based private equity firm CID Capital has made a platform investment in Etruscan Gutters & Roofing, LLC, a Highland Park, Illinois–headquartered provider of residential repair and re-roofing services across the northern Chicago suburbs. CID said the investment (the first from CID Capital Opportunity Fund IV) will support Etruscan’s organic growth and pursue strategic add-on acquisitions to build a market-leading residential repair and re-roofing platform.

RAFTR Roofing + Exteriors (RAFTRx), a Duluth, Georgia-based roofing and exteriors platform backed by Saw Mill Capital, has acquired Apex General Contracting of South Beloit, Illinois. The deal expands RAFTRx's platform into Illinois and Wisconsin, adding commercial roofing and insurance restoration capabilities to its multi-brand footprint.

O'Hara's Son Roofing (an Angeles Equity Partners portfolio company) has acquired Total Systems Roofing, a commercial roofing provider headquartered in Crystal Lake, Illinois. The add-on expands OSR's Midwest presence and service capabilities as part of its national expansion strategy; terms were not disclosed.

Wolkow Braker has acquired operational control and exclusive management of Metalmaster Roofmaster, a McHenry, Illinois-based commercial roofing and architectural sheet metal contractor. The transaction brings expanded sheet metal fabrication and installation capabilities to Wolkow Braker and strengthens its ability to serve commercial, industrial, and institutional clients across the East Coast to the Midwest.

Unified Service Partners (USP), a multi-regional roofing platform backed by Astara Capital Partners, has invested in Pro Restoration, a re-roofing contractor serving residential and commercial customers in Illinois and Wisconsin. Pro Restoration will continue to operate under its existing brand and remain led by co-founders Troy Zitzke and Brandon McNames. The transaction expands USP's geographic footprint into the Upper Midwest as an add-on to its platform.

Guild Garage Group, a newly formed alliance of residential-focused garage door service companies, announced a strategic partnership with Four Seasons Garage Doors, a family-owned garage door service business based in Roselle, Illinois. The deal gives Four Seasons access to Guild's financial, HR and marketing resources while the Four Seasons ownership team retains unit-level ownership as part of Guild's platform expansion into the Chicagoland market.

PULLMAN, a Structural Group, Inc. company, has acquired National Restoration Systems, Inc. (NRS), a Chicago-area concrete and masonry restoration contractor. The deal, completed February 28, 2025, expands PULLMAN’s capabilities and establishes a presence in the Chicago market.

Chicago-based Oasis Painting & Renovation, a family-owned residential renovation and maintenance services provider, was sold by owner John Jensen in a transition managed by Sun Acquisitions to strategic acquirer NuEra Enterprises. The transaction transfers a multi-decade, apartment- and property-management-focused renovation business to NuEra, which will continue the company's painting, restoration, and renovation services.

Heartland Paving Partners, a platform investment of Soundcore Capital Partners, has acquired Professional Paving and Concrete, a Chicagoland paving contractor founded in 1982. The deal marks Heartland's sixth acquisition and expands the platform's footprint into the Chicagoland market; Professional Paving will continue to operate under founder Alex Demos.

Brookfield Asset Management, through its Brookfield Sponsor Solutions strategy, has entered a strategic partnership with Soundcore Capital Partners to provide growth/secondary capital to Soundcore's commercial paving platform, Heartland Paving Partners. The investment will accelerate Heartland's buy-and-build expansion and further consolidation across the Upper Midwest; financial terms were not disclosed.

Alta Equipment Group has agreed to acquire Burris Equipment Co., a three-location construction and turf equipment dealer and rental business based in Waukegan, Illinois, for $14.0 million in cash. The deal — expected to close in Q4 2023 — expands Alta's presence in the Chicago market, adds rental fleet capacity and OEM relationships, and preserves Burris's brand while the selling owners retire.

RoadSafe Traffic Systems, the nation’s largest provider of traffic control and pavement marking services, has acquired Western Remac, LLC, a Woodridge, Illinois-based sign manufacturing and installation firm. The deal expands RoadSafe's sign manufacturing and installation capabilities in the Upper Midwest and broadens its private-sector customer base.

Rotunda Capital Partners has made its first investment from Fund III in U.S. Waterproofing, a Chicagoland residential basement waterproofing and foundation repair provider. Founder/owner Matt Stock will remain CEO as Rotunda backs the company’s organic growth and plans to deploy an acquisition (roll-up) strategy to expand the platform nationally.

Tenex Capital Management has made an investment in Rose Paving LLC, a Bridgeview, Illinois-based national provider of parking lot maintenance and rehabilitation services. The investment is intended to accelerate Rose's growth — both organically and via acquisitions — by providing capital and operational support.

SageHome, a Cairngorm Capital portfolio company, has acquired Midwest Bath Company LLC, a bathroom remodeling specialist headquartered in Moline, Illinois. The add-on strengthens SageHome's Smart Bath division and accelerates geographic expansion of its aging-in-place home modification platform across the United States.

The Valcourt Group has acquired American National Skyline, Inc. (ANSI) to expand its exterior building services footprint into the Midwest. The deal brings ANSI's window cleaning, waterproofing and exterior maintenance capabilities into Valcourt's national platform and strengthens Valcourt's service offerings across more states.

Endeavor Fire Protection, a platform of private equity firm Building Industry Partners (BIP), has acquired Allegiant Fire Protection. The acquisition expands Endeavor's service capabilities into 24/7 monitoring, testing and inspection of fire suppression systems and into the design and installation of fire alarm systems, while strengthening its presence in the Greater Chicagoland and Midwest markets.

Pacific Bath Company, part of the Renuity portfolio owned by Titan Holdings, has acquired Illinois-based Home Forever Baths. The add-on deal (closed August 1) brings Renuity/Pacific Bath into the Chicagoland market while Home Forever will continue to operate as an independent consumer-facing brand under existing leadership.

Building Industry Partners (BIP) has formed a new fire and life safety platform, Endeavor Fire Protection, through its acquisition and recapitalization of Valley Fire Protection Systems. Valley, founded in 1974, will continue to be led by its existing management team and provides fire sprinkler, fire suppression and plumbing installation, service and inspection across the Midwest.

Woodlawn Partners and Lightspring Capital Partners acquired a controlling interest in Active Roofing Company; Active Roofing management will retain a meaningful ownership stake. Prairie Capital Advisors served as exclusive financial advisor to Active Roofing; terms were not disclosed. The transaction is positioned to support ownership transition and growth opportunities for the roofing contractor.

Bertram Capital has made a growth investment in Lena, Illinois-based TSR Concrete Coatings, a residential concrete floor coating and installation company. The partnership will leverage Bertram's in-house technology team, Bertram Labs, to augment TSR's digital capabilities and support the company's next phase of growth; terms were not disclosed.

Argonaut Private Equity, a Tulsa-based private equity firm, has acquired Miller Contracting, a family-founded specialty mining, industrial and civil contracting company headquartered in southern Illinois. The deal is Argonaut's first investment from Fund V, LP (targeting $400 million), and the Miller family will remain in leadership as the firm supports growth and operational expansion.

The Bay Crane Companies, Inc. has acquired Gatwood Crane Rental Service, a Chicago‑area crane rental and rigging firm founded in 1947. The acquisition expands Bay Crane’s geographic footprint into the Chicago‑land market and adds Gatwood’s fleet (10–500 ton capacity) and local team to Bay Crane’s operations.

BluSky Restoration Contractors, a national restoration and roofing services provider, announced a merger with Morton, Illinois-based Menold Construction and Restoration. The combined business will operate under the BluSky name and expand BluSky's presence and services in central Illinois, adding commercial roofing and healthcare restoration capabilities while Menold CEO Jeff Neihouser transitions to a senior leadership role at BluSky.

Leonard Green & Partners completed a minority equity investment in Tecta America, with Altas Partners remaining the company's majority owner alongside management. The investment will support Tecta America's continued growth — the commercial roofing contractor employs more than 4,300 people and operates over 85 locations across 32 states.

Rising Point Capital recapitalized PirTano Construction Company, with subordinated debt and equity from Spring Capital and Medallion Capital and senior debt provided by PNC Bank. Hyde Park Capital served as the exclusive investment banker; the deal provides an exit/retirement pathway for PirTano's founder/management team while supporting future growth and scaling of the business.

VESTA Modular completed the acquisition of Innovative Modular Solutions (IMS), adding a strategic branch in Elkhart, Indiana and approximately 600 units to VESTA's rental fleet. IMS Co-Founder Pat Carmody will join VESTA as President of Operations; financing was provided by a syndicate led by Flagstar Bank and VESTA is PE-backed by Kinderhook Industries.