PAX Services Group (New State Capital-backed) Acquires Cram Roofing

PAX Services Group Acquires Hi-Tech Roofing & Sheet Metal

March 27, 2025

Construction

PAX Services Group, a portfolio company of New State Capital Partners, has acquired South Florida–based Hi-Tech Roofing & Sheet Metal. The acquisition expands PAX's presence in Florida and adds Hi-Tech's commercial, industrial, and institutional roofing and sheet metal capabilities to PAX's building envelope platform; Hi-Tech's management, including owner Mike Daley, will remain with the business.

PAX Services Group Acquires Culbertson Company of Virginia

April 29, 2025

Construction

PAX Services Group, a New State Capital Partners portfolio company, has acquired Culbertson Company of Virginia, a commercial roofing, restoration and masonry contractor serving schools, hospitals and other institutional clients in the Mid‑Atlantic. The add‑on expands PAX’s building‑envelope capabilities and regional capacity; terms were not disclosed.

PAX Services Group Acquires Consolidated Coatings

September 24, 2024

Construction

PAX Services Group, a New State Capital Partners-backed exterior services platform, has acquired Baltimore-based Consolidated Coatings, Inc. The deal expands PAX’s building-envelope capabilities—adding masonry, concrete and specialty coatings services—and deepens its presence in the Baltimore/DC Mid-Atlantic region; Consolidated Coatings’ management will remain in place.

New State Capital Partners Acquires Majority Stake in Patuxent Roofing & Contracting

April 26, 2022

Construction

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.

Results Roofing Acquires Pelt Roofing & Construction

July 1, 2024

Roofing

Results Roofing, a Carrollton, Texas-based roofing company, has acquired Pelt Roofing & Construction of New Braunfels, Texas, extending Results Roofing's service area to include San Antonio, Austin, San Marcos, Temple and surrounding communities. The acquisition integrates Pelt's team into Results Roofing to expand capacity, expertise, and customer support across the broader Texas footprint.

Patuxent Roofing & Contracting Acquires L.D. Tebben Company

March 15, 2023

Construction

Patuxent Roofing & Contracting, a New State Capital Partners-backed roofing platform, has acquired Austin-based L.D. Tebben Company, a commercial re-roofing contractor serving Texas and Oklahoma. The deal (terms undisclosed) marks Patuxent's first expansion into the Texas market and represents a geographic add-on to its Mid-Atlantic footprint.