Soundcore Capital Partners / Roofing Corp of America Acquires Innovative Roofing Group

FirstService Corporation Acquires Roofing Corp of America

December 18, 2023

Construction

FirstService Corporation has acquired a significant controlling interest in Roofing Corp of America from Soundcore Capital Partners; the transaction closed on December 15, 2023. The purchase price is US$413 million, funded with cash and borrowings, with Roofing Corp management (including CEO Randy Korach) retaining the balance of the equity and continuing to run the business. Headquartered in Atlanta, Roofing Corp operates 16 regional branches across 11 U.S. states, employs more than 900 people, and generates approximately US$400 million in annual revenue.

Shoreline Equity Partners Recapitalizes Core Roofing Systems

November 29, 2022

Construction

Shoreline Equity Partners has partnered with Core Roofing Systems, a commercial roofing services provider headquartered in Alpharetta, Georgia. The private equity firm made a recapitalization investment to support Core Roofing’s growth plan—including organic initiatives and add-on acquisitions—while founder Dusty DeVore retains a significant ownership stake and continues to lead the company.

Roofing Corp of America Acquires Front Range Roofing Systems

May 8, 2023

Construction

Roofing Corp of America (RCA), an Atlanta-based roofing holding company backed by Soundcore Capital Partners, has acquired Front Range Roofing Systems (FRRS), a commercial and industrial roofing contractor based in Greeley, Colorado. The deal gives RCA its first sizable foothold in the Mountain West (Colorado and southern Wyoming); FRRS's ownership team will remain in place and the company will operate as a stand-alone within RCA.

Soundcore Capital Partners (via ACI Holdings) Acquires ACS Asphalt Concrete Solutions

March 24, 2023

Industrial Services

Soundcore Capital Partners, through its ACI Holdings Group platform, acquired ACS Asphalt Concrete Solutions and combined it with previously acquired ACI Asphalt & Concrete to create a larger commercial paving platform in the Minneapolis / Upper Midwest market. O2 Sponsor Finance (a division of Old Second National Bank) acted as administrative agent and lead arranger on more than $44 million of senior secured financing to support Soundcore’s acquisitions; Old National Bank and Northstar Capital provided additional financing and subordinated debt. Terms were not disclosed.

Woodlawn Partners and Lightspring Capital Acquire Controlling Interest in Active Roofing Company

April 14, 2022

Construction

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.

Great Range Capital Acquires Roofed Right America

April 6, 2023

Construction

Great Range Capital, a Kansas City–area private equity firm, has acquired Roofed Right America, a Milwaukee-headquartered commercial roofing contractor that provides re-roofing and maintenance services across the Central and Eastern U.S. Roofed Right's founders, Adam Brissman (CEO) and Ricardo Herrera (COO), will remain in their roles with significant ownership stakes as GRC supports the company's organic growth and establishes a scalable platform for add-on acquisitions.