New State Capital Partners Acquires Majority Stake in Patuxent Roofing & Contracting
April 26, 2022
New State Capital Partners acquired a majority stake in Patuxent Roofing & Contracting, a Laurel, Maryland-based provider of re-roofing, waterproofing, and related building envelope services to institutional and commercial customers. Patuxent CEO and current owner Mike Gowl will remain with the company and retain a significant equity stake; New State said it will support growth through organic initiatives and targeted acquisitions to expand geography and complementary services.
- Buyers
- New State Capital Partners
- Targets
- Patuxent Roofing & Contracting, Inc.
- Sellers
- Mike Gowl
- Industry
- Construction
- Location
- Maryland, United States
- Transaction Type
- Buyout
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