The 2026 Roofing PE Roll-Up Tracker: Active Platforms, Acquisition Activity, and Buyer Strategy

The 2026 roofing private-equity landscape is moving faster than most owners realize and is more fragmented than most trade-press coverage suggests. There is no single roofing roll-up. There are dozens of distinct PE-backed platforms competing for the same fragmented buyer pool, each with a different sponsor, geographic focus, EBITDA threshold, residential-vs-commercial mix, and integration model. Most roofing owners only ever encounter one or two of them through cold outbound, and most never see the structural picture that determines what their business is actually worth to a strategic acquirer.

This tracker is our attempt to compile that picture from primary sources. We pulled press releases, public 10-K and 10-Q filings, sponsor-website portfolio disclosures, BusinessWire / PR Newswire / GlobeNewswire archives, trade-press coverage from Roofing Contractor and Professional Roofing, and direct platform announcements covering the period January 1, 2024 to April 30, 2026. We excluded any platform where we could not find a publicly disclosed roofing-specific acquisition or platform formation in that window. The result is a compiled, verified, citation-anchored snapshot of who is actually buying roofing companies right now in the United States.

We are CT Acquisitions, a U.S. buy-side M&A firm working with 76+ active buyers across the lower middle market. The platforms in this tracker represent a subset of that buyer network — the publicly active, press-release-issuing portion. We work directly with several of them on transactions and we work with many smaller, family-office, search-fund, and independent-sponsor buyers who pursue roofing assets without ever issuing a press release. Our positioning is buyer-paid: when a transaction closes, the buyer compensates us. The seller pays nothing, signs nothing, and is free to walk at any time. We surface this report not as marketing but because the underlying data is genuinely useful to roofing owners trying to read the market.

A note on the bar. Many similar trackers in the M&A and trade-press ecosystem list 30-60 platforms but cite none of them. That approach inflates the count at the expense of accuracy. We took the opposite approach: we list fewer platforms, but every one of them maps to at least one verifiable press release, with date and URL, and the deal is roofing-specific (not generic ‘home services’ or HVAC-only). Where we found platforms whose roofing activity we suspect but couldn’t verify in writing, we documented them in the Limitations section instead of stretching the definition of ‘active.’

“Every platform in this tracker is anchored to a public press release. If we couldn’t verify a roofing-specific deal in 2024-2026, the platform doesn’t appear in the active list — it goes in the Limitations section. That bar is what separates research from a directory.”

Key Takeaways

• 15 verified active roofing roll-up platforms with publicly disclosed roofing-specific acquisitions in 2024-2026, anchored to a press release URL.
• Tecta America (Altas Partners) closed six publicly disclosed commercial roofing acquisitions in 2025 alone — Alpine Roofing, Oklahoma Roofing & Sheet Metal, Christianson Roofing, J3 Systems, Skyline Roofing, and Texas Roofing — the most documented commercial roofing deal volume in our tracker.
• Trade-press analysis cited by Roofing Contractor and AXIA Advisors found roofing PE platforms grew from 17 at the start of 2023 to 56 by end of 2024 — a 229% increase in 24 months — with 134 reported roofing acquisitions in 2024 alone.
• QXO’s $11 billion April 2025 acquisition of Beacon Roofing Supply (NASDAQ: BECN) created the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States and signals continued institutional capital flowing into the roofing-adjacent ecosystem.
• Add-on multiples remain materially lower than platform multiples; trade-press and advisor coverage put platform-quality residential roofing platforms at 6-10x EBITDA and add-on tuck-ins at 4-7x EBITDA depending on size, recurring/insurance revenue mix, and storm-density of the market.
• Roofing platforms continue to skew Sun Belt, Southeast, Midwest, Mid-Atlantic, and Mountain West in geographic concentration, with Florida, Texas, the Carolinas, Georgia, Tennessee, Indiana, Minnesota, Wisconsin, Colorado, and California producing the bulk of disclosed activity.

Methodology and Data Sources

This report is a compiled, citation-anchored tracker built exclusively from public sources between January 1, 2024 and April 30, 2026. We did not interview any platform, sponsor, or operator. We did not use proprietary deal data from CT Acquisitions’ sourcing engagements. The intent was to produce something a journalist or academic could re-verify line-by-line by clicking the press release URLs in the References section.

We used five categories of public sources, in priority order. (1) Press releases issued by the platform or its sponsor on BusinessWire, PR Newswire, or GlobeNewswire. (2) Public-company filings — specifically QXO Inc.’s SEC filings and tender-offer documentation for the Beacon Roofing Supply acquisition. (3) Sponsor portfolio pages disclosing platform investments (Altas Partners, Alpine Investors, Bain Capital, Bertram Capital, Brightstar Capital, Carousel Capital, CCMP, Dunes Point Capital, Eagle Merchant Partners, Exuma Capital, Freeman Spogli, Gridiron Capital, Imperial Capital, LightBay Capital, Pearl Street Capital, River Sea Network, Strand Equity, Sun Capital). (4) Trade press: Roofing Contractor, Professional Roofing, NRCA News, RoofersCoffeeShop. (5) M&A trade press: PE Hub, PE Professional, PrivSource, Bloomberg, Middle Market Growth.

Inclusion criteria for the active platform list were deliberately narrow. To appear as an active platform, a roll-up needed all four of the following: (a) institutional capital backing (PE fund, family office acting as financial sponsor, or public-company strategic), (b) explicit roofing service offering as part of the platform’s core business, (c) at least one publicly disclosed roofing-specific acquisition or platform formation between January 1, 2024 and April 30, 2026, and (d) a citable press release or SEC filing URL we could verify directly. Platforms that operate in roofing but issued no roofing-specific press release in the window were excluded and documented in the Limitations section.

What this report deliberately does not include. Franchise-system tuck-ins (single franchisee buying another single-territory franchisee). Independent buyers, search funders, or family offices acquiring single roofing businesses without a roll-up thesis — real and important, but not the subject of this tracker. Non-public deal terms; we cite multiples and dollar values only when disclosed in public press releases, SEC filings, or attributed news coverage.

How we treat ‘roofing-specific’ deals. Many home-services platforms acquire combined HVAC/plumbing/electrical operators that include some roofing exposure. We counted a deal as roofing-specific when the press release explicitly disclosed roofing as the acquired company’s primary service line and the platform’s own description names roofing as its core offering. We did not count pure-HVAC or pure-plumbing acquisitions even by platforms that also operate exterior brands. Similarly, while we mention QXO’s Beacon Roofing Supply and the SRS Distribution / Home Depot transaction as macro context, these are roofing distribution rather than roofing-services roll-ups; we discuss them under macro conditions but do not include them in the active services-platform list.

The 2026 Roofing PE Landscape: Why Now

The U.S. roofing services industry is one of the most fragmented sectors of the trades economy. IBISWorld estimated U.S. roofing-contractor market size at approximately $99.8 billion in 2025, growing roughly 1.9% year-over-year, with more than 105,000 roofing-contractor businesses operating nationwide and no single operator holding meaningful national market share. That structural fragmentation is the central PE thesis: roll up enough sub-scale operators into a regional platform, professionalize call-center, dispatch, sales, insurance-claims processing, and procurement, and the consolidated entity earns multiple-arbitrage on every add-on bought below the platform’s own trading multiple.

Roofing has unusual demand-resilience characteristics PE underwriters prioritize. Residential re-roofing is largely non-discretionary, weather- and storm-driven rather than economy-driven. Insurance-paid claim work compounds the underwriting case in storm-prone regions. Commercial roofing service contracts (preventative maintenance, leak response, partial repairs) behave similarly with multi-year visibility. New-construction roofing is the weaker category — GC-dependent, project-based, cyclical — and nearly every active platform we tracked tilts toward re-roofing, repair, restoration, and service rather than new-construction.

Why roofing PE activity has accelerated past plumbing and is closing on HVAC. Three structural forces converged. First, hailstorm and hurricane-driven re-roofing demand created concentrated cash flows PE underwriters could model with claim-data inputs. Second, insurance-claim-centric roofing operators (covR, restoration roofers in FL/TX) created a defensible service-line category. Third, technology adoption (CompanyCam, Roofr, ServiceTitan) made operational integration faster than HVAC achieved five years ago. Trade-press cited by Roofing Contractor and AXIA Advisors found roofing PE platforms grew from 17 in early 2023 to 56 by end of 2024 with 134 reported roofing acquisitions in 2024 alone.

Distribution-side capital is also flowing into roofing at unprecedented scale. QXO Inc. completed its $11B Beacon Roofing Supply acquisition in April 2025, becoming the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the U.S. QXO subsequently bid $5B for GMS Inc. (ultimately acquired by Home Depot’s SRS Distribution unit) and has lined up $3B+ in equity financing from Apollo Global Management and Temasek. Distribution is upstream from contractor services, but the capital signals continued institutional interest in roofing-adjacent value chains.

Three recent platform-level transactions reset the cap table at the top of the market. January 2025: Sun Capital Partners affiliate acquired Latite Roofing & Sheet Metal — Florida’s largest roofing services provider — from Lincolnshire Management and Goense Capital, positioning Latite as a Florida building-services platform. September 2025: Gridiron Capital’s Leaf Home acquired Erie Home, combining two of the largest D2C residential services providers, with Ares Management leading preferred equity and Apollo leading debt financing. December 2025: Bain Capital + Mubadala completed the acquisition of Service Logic from Leonard Green; while primarily commercial HVAC, its 140+ locations and 5,000+ technicians include commercial roofing exposure.

Active Platforms: Profiles of 15 Roofing Roll-Up Operators

Below is the verified list of active roofing PE roll-up platforms in 2026. Each platform name is followed by the institutional capital backing it, the year the current sponsor entered, the company’s geographic focus, and at least one publicly disclosed roofing-specific acquisition with date. Citations and URLs for every claim are in the References section at the end of this article. Order is alphabetical.

Aligned Exteriors Group (Sponsors: River Sea Network and Pearl Street Capital Partners, since March 26, 2024). Founded in 2024 as a residential roofing and exterior services platform. Verified roofing-specific acquisitions in the tracker window: Home Pro Roofing (Michigan and Ohio, December 2024, financing led by Monroe Capital), Whitney Roofing (Illinois, October 15, 2025), and Trinity Exteriors (Minneapolis, early 2026). Aligned Exteriors Group is a residential-only platform partnering with regional roofing leaders in the Upper Midwest and Great Lakes regions.

Best Choice Roofing (Sponsor: Brightstar Capital Partners, since August 7, 2024). Headquartered in Brentwood, Tennessee. Operates 85+ locations across 24 states with ~$277M in 2023 revenue, ranking ninth on Roofing Contractor’s 2024 Top 100 list. Brightstar completed the acquisition in August 2024 in partnership with founder/CEO Wayne Holloway, subsequently introducing an Operating Partner model focused on geographic expansion. National residential re-roofing platform with a heavy GAF Master Elite contractor footprint.

Carousel Capital Roofing Platform / covR + United Roofing and Contracting (Sponsor: Carousel Capital, since October 2025). Carousel’s sixth fund recapitalized and merged covR (Denver, founded 2022, insurance-services-centric residential and commercial roofing in CO/TX) and United Roofing and Contracting (Clarkesville, GA, founded 2017, roofing and repair in GA/SC) in October 2025 to form a roofing platform with a differentiated insurance-claims approach. Co-headquartered in Clarkesville and Denver. Funded with equity from Carousel’s sixth fund and rollover equity from both companies’ founders.

Eskola Roofing & Waterproofing (Sponsor: Eagle Merchant Partners, since November 2022). Eagle Merchant Partners (Atlanta-based) made its majority investment in late 2022. Verified 2024 roofing acquisitions: J.R. Jones Roofing (Houston, March 6, 2024), and a three-company package on November 5, 2024 comprising Frontier Roofing (TX/NM, founded 1968), BBG Contracting Group (Jacksonville, FL, founded 1997), and Keating Roofing (Charleston, SC, founded 1948). Following these deals, Eskola operates 22 locations across 11 states (VA, KY, TN, NC, SC, GA, AL, MS, TX, NM, FL). Commercial roofing focus in the Southeast and Southwest.

Infinity Home Services (Sponsors: Freeman Spogli & Co. and LightBay Capital, since January 9, 2023). Headquartered in New Berlin, Wisconsin. Founded 1997 as a residential roofing replacement and exterior home services provider. Verified 2024 roofing acquisitions: Carpenter’s Roofing & Sheet Metal and Altec Roofing (both South Florida, February 2024, 16th and 17th brands); Parkhill Roofing (June 2024); Exterior Medics (DC metro, October 2024). Trade-press references the platform now operates 26 portfolio brands. National residential roofing replacement platform.

Latite Roofing & Sheet Metal (Sponsor: Sun Capital Partners affiliate, since January 8, 2025). Headquartered in Pompano Beach, Florida. Founded in 1943, Latite is Florida’s largest provider of roofing services to both commercial and residential customers, serving complex large-scale projects, GC relationships, and re-roofing demand. Sun Capital Partners’ affiliate completed the acquisition from Lincolnshire Management and Goense Capital Partners on January 8, 2025, with the explicit thesis of positioning Latite as a Florida building-services platform supporting growth via operational resources and add-on M&A.

Leaf Home / Erie Home (Sponsor: Gridiron Capital, with Ares preferred equity and Apollo-led debt; combination announced September 8, 2025). Direct-to-consumer home solutions platform. Erie Home (one of the largest U.S. residential roofing and basement waterproofing providers, 100+ coast-to-coast locations, $609M 2024 revenue per Roofing Contractor) was acquired by Leaf Home in September 2025. Gridiron retained majority ownership; Ares led preferred equity; Apollo led debt financing. The combined entity operates 300+ field offices with 3,100+ trained sales consultants and 2,400+ licensed installers. Jenilee Common (formerly Erie CEO) became CEO of the combined organization. Premium residential metal/fiberglass roofing and basement waterproofing focus.

Omnia Exterior Solutions (Sponsor: CCMP Growth Advisors, since June 1, 2023). Launched June 2023 with inaugural partnership with Hoffman Weber Construction (Minneapolis). Verified 2024-2025 roofing partnerships include Brothers Services (Maryland), Brandon J Roofing (St. Louis, June 2024), Great Roofing (August 2024), and James & Whitney Company (New England, December 2024 — the 8th partnership of 2024 and 11th since inception). As of May 2025, Omnia operates 11 roofing partners across 22 states, completing 500,000+ projects annually. Led by industry veteran Jim Ziminski (formerly Able Roofing and Mr. Roof). Residential roofing and exterior remodeling focus.

Peak Roofing Partners (Sponsor: Exuma Capital Partners, since June 2024). Headquartered in Plantation, Florida. Exuma Capital Partners (founded by Anthony Perera) launched Peak Roofing Partners in June 2024 with the inaugural acquisition of Action Roofing Services. Verified roofing-specific acquisitions in the tracker window: Action Roofing Services (June 2024) and Skymark Roofing (Central Florida, July 21, 2025; 50 trucks, 60 employees, 4.9-star Google rating across 1,000+ reviews). Florida-focused residential roofing platform serving Orlando, Tampa, Jacksonville, Gainesville, Fort Myers, and West Palm Beach metro areas.

Ridgeline Roofing & Restoration (Sponsor: Bertram Capital Management, since January 30, 2024). Headquartered in Birmingham, Alabama. Bertram Capital’s January 2024 partnership with Ridgeline represented the firm’s first platform investment under an expanded focus on lower middle market businesses with $3M to $7.5M of EBITDA in Business Services, Consumer, and Industrial sectors. Verified 2024-2025 roofing-specific add-ons: Signature Exteriors, Kenneth Daniel Roofing (September 2025, Littleton, NC), and Bold North Roofing (Twin Cities, Minnesota, the platform’s fifth acquisition). Southeastern U.S. residential re-roofing and restoration focus across Alabama, Georgia, Tennessee, Florida, North Carolina, and Minnesota.

Roofing Services Solutions (Sponsor: Dunes Point Capital, since 2023). Dunes Point Capital is a New York-based family office and private investment firm that formed Roofing Services Solutions, LLC in 2023 with the acquisition of Noland’s Roofing as the platform’s first investment. Verified 2025 acquisitions: Ja-Mar Roofing & Sheet Metal (Austin, Texas, April 2025; six locations, ~40 employees, residential/multi-family/commercial re-roofing) and Lone Star Roofing and Contracting (Burleson, Texas, October 2025). Trade-press also references Roofing Services Solutions’ acquisition of Quality First Roofing (Florida) in 2025. Texas-focused commercial and residential re-roofing platform now operating across multiple locations.

Skyline Roofing Partners (Sponsor: Imperial Capital, since May 2024). Imperial Capital launched Skyline in May 2024 with founding CEO Dan Reed (later transitioning to CEO Mike Midgett). Inaugural acquisition: Elo Roofing (May 6, 2024). Verified 2025 acquisitions: Classic Roofing & Construction and John Hogan Roofing (March 2025); One Day Roofing (Columbia, MD, August 2025); and Dr. Roof (Atlanta, GA, November 18, 2025, 37-year-old operator serving Atlanta plus select markets in SC/AL). Founder Paul Stoeppelwerth retained ownership in the Dr. Roof transaction and joined Skyline’s Founders Council. National residential roofing platform.

Stonegrove Roofing Partners (Sponsor: Strand Equity, minority stake disclosed May 2025). Founded in 2024 as a residential roofing roll-up platform. Strand Equity (a consumer growth equity firm with permanent capital) disclosed its minority stake. Verified 2025-2026 roofing-specific acquisitions: AR Roofing (Kansas, February 1, 2025), Moss Roofing (Indianapolis / Central Indiana, September 23, 2025; GAF Master Elite contractor, founded 30+ years ago, 4.8 Google rating), and Guns N Hoses (March 1, 2026 per PitchBook). Stonegrove operates across 14 partner locations in 9 states with 7 distinct roofing brands as of mid-2025.

Tecta America (Sponsor: Altas Partners since 2018, with Leonard Green & Partners as minority investor since 2021; previously Onex Corporation). Headquartered in Rosemont, Illinois. The nation’s leading commercial roofing contractor with 100+ U.S. locations. Most active commercial roofing platform in our tracker. Verified 2025 acquisitions: Alpine Roofing (Sparks, NV, January 13, 2025); Christianson Roofing (Riverside, CA, third 2025 deal); Oklahoma Roofing & Sheet Metal (Oklahoma City, June 2025); J3 Systems (Bosque Farms, NM, September 2025 — entry into New Mexico); Skyline Roofing (Rockingham, VA, October 14, 2025, 35th in past decade); and Texas Roofing (Round Rock, TX, December 11, 2025). Tecta also announced a Q1 2026 acquisition of Roofing Standards (Placentia, CA). Six 2025 commercial roofing acquisitions led documented commercial deal volume.

Vertex Service Partners (Sponsor: Alpine Investors, since July 27, 2023). Alpine Investors launched Vertex in July 2023 with four inaugural partnerships: Cherry Roofing & Siding, McHale Roofing, Rogers Roofing, and Victors Home Solutions. Verified ongoing acquisitions include Kairos Roofing (November 8, 2023), Eustis Roofing (Central Florida, founded 1959), and Findlay Roofing (Atlanta metro, founded 1995, Georgia’s largest full-service roofing contractor). Per ServiceTitan disclosure, Vertex reached $600M+ in revenue and serviced 100,000+ roofs in 2025 with 800+ employees. CEO Dennis Elliott; President Raj Das (former Alpine VP). National residential roofing platform with density in the Southeast and Midwest.

Acquisition Velocity: What 2024-2026 Tells Us

Within our verified set, 2025 was the highest-volume year for publicly disclosed roofing-specific add-ons. Tecta America disclosed six commercial roofing add-ons in 2025; Skyline Roofing Partners disclosed at least four (Classic Roofing, John Hogan Roofing, One Day Roofing, Dr. Roof); Roofing Services Solutions disclosed Ja-Mar and Lone Star; Aligned Exteriors disclosed Whitney plus the prior Home Pro closing; Stonegrove disclosed AR Roofing and Moss Roofing; Ridgeline disclosed Kenneth Daniel and Bold North; Peak Roofing disclosed Skymark; Vertex continued integration of 20+ platform companies. Trade-press (Roofing Contractor, AXIA Advisors) cited 134 reported roofing acquisitions across the U.S. industry in 2024 and an even higher pace in 2025.

The pattern suggests three distinct activity tiers. Tier one platforms (Tecta America, Vertex, Skyline, Infinity, Omnia, Eskola) issued multiple roofing press releases per year with continuous documented add-on cadence. Tier two (Aligned Exteriors, Stonegrove, Ridgeline, Peak, RSS, Carousel covR/United, Best Choice) issued lower-frequency announcements but operated continuously. Tier three (Latite post-Sun Capital, Leaf Home/Erie Home post-Gridiron combination) recently completed sponsor-level recapitalizations and are early in integration arcs but well-resourced for tuck-in M&A.

Geographic concentration of disclosed activity. Florida produced the deepest 2024-2026 deal flow (Latite, Peak, Vertex’s Eustis, Infinity’s Carpenter’s + Altec, RSS’ Quality First). Texas was close behind (Tecta’s Texas Roofing, Eskola’s J.R. Jones and Frontier, RSS’ Ja-Mar and Lone Star, covR’s Texas operations). The Southeast hosted the largest cluster of regional add-ons (Skyline’s Dr. Roof, Vertex’s Findlay, Ridgeline, Eskola’s Keating + BBG, United Roofing). The Midwest supported residential platform formation for Aligned Exteriors, Stonegrove, Infinity, and Omnia. The Southwest was active commercial-side via Tecta’s Alpine, Oklahoma Roofing, and J3 Systems. The Mountain West outside Colorado and Northern New England remained underserved by disclosed activity.

Residential vs. commercial split. Residential roofing dominated disclosed deal flow in our tracker. Residential-focused platforms (Vertex, Infinity Home Services, Omnia, Skyline, Aligned Exteriors, Stonegrove, Best Choice Roofing, Peak Roofing, Ridgeline, Leaf Home/Erie Home) accounted for the majority of 2024-2026 roofing-specific press releases. Commercial-focused platforms (Tecta America, Eskola, Roofing Services Solutions, Latite, the Carousel covR/United combination on the commercial-claims side) accounted for fewer transactions in absolute count but materially larger individual deal sizes. This is consistent with broader trade-press observations: residential platforms scale through volume of small add-ons; commercial platforms scale through larger individual contractor transactions with multi-year service-contract revenue.

Sponsor-to-sponsor deal flow at the platform level. Platform-level transactions in 2024-2026 include Latite from Lincolnshire/Goense to Sun Capital (January 2025); Leaf Home / Erie Home combination under Gridiron with Ares preferred equity and Apollo debt (September 2025); Service Logic from Leonard Green to Bain Capital + Mubadala (December 2025, commercial mechanical with roofing exposure). Distribution-side: QXO completed its $11B Beacon Roofing Supply acquisition in April 2025; SRS Distribution (Home Depot subsidiary) acquired GMS Inc. The pattern: roofing platforms are trading from one institutional sponsor to another at scale, not exiting the PE ecosystem.

Multiples and Deal Structure: What Roofing Owners Should Expect

Public disclosure of roofing M&A multiples is rare; we report what was disclosed and flag what wasn’t. Most M&A press releases in roofing during 2024-2026 said ‘terms not disclosed.’ The most-cited public anchor for the 2025 platform-level multiple is the QXO / Beacon Roofing Supply transaction at $124.35 per share / approximately $11 billion, valuing Beacon at the upper end of distribution-services multiples; but Beacon is a NYSE-listed public-company distribution business, not a contractor services platform, so the multiple is not directly comparable to platform roofing services. Other 2024-2026 platform recapitalizations (Latite to Sun Capital, Leaf Home / Erie Home combination under Gridiron + Ares + Apollo, Best Choice Roofing to Brightstar, the Carousel Capital roofing platform formation) did not publicly disclose specific multiples.

Below the platform tier, multiples scale down materially. Trade-press and advisor coverage (FMI Corporation’s April 2025 PE Sector Brief on Nonresidential Roofing, Hyde Park Capital’s Summer 2025 Roofing Services Market Insights, Capstone Partners, AXIA Advisors, Anchor Peabody) converges on these ranges: well-run residential platforms with $3M+ EBITDA at 6-10x EBITDA; commercial roofing platforms with multi-year service contracts at the upper end or higher; residential add-ons at 4-7x depending on quality, insurance/storm exposure, and recurring-revenue mix; sub-$500K SDE acquisitions at 2-4x. Multiples expand for commercial maintenance density, technology-enabled sales and dispatch, low owner dependency, and high insurance-claim density.

The platform-vs-add-on multiple gap is structural, not negotiable. PE roll-ups earn returns by acquiring add-ons below their own platform multiple and integrating them at platform-level operating economics. If a platform trades at 9x EBITDA and acquires add-ons at 5x EBITDA, every closed add-on creates instant multiple arbitrage. Roofing owners trying to negotiate a platform-equivalent multiple for an add-on-sized business will encounter this floor across virtually every PE buyer in our tracker. The owners who clear the floor are the ones whose business genuinely qualifies as a platform — size, recurring revenue or insurance-claim density, market position, technology, and management depth.

Deal-structure preferences in the verified 2024-2026 transactions. Most disclosed deals explicitly mention founder rollover equity. Skyline’s Dr. Roof transaction had founder Paul Stoeppelwerth retain ownership and join the Founders Council. Carousel’s covR + United transaction was funded with rollover equity from both companies’ founders. Vertex and Infinity emphasize team continuity and brand retention. Tecta America retains acquired company brand identities (e.g., ‘Skyline Roofing, a Tecta America Company, LLC’). The structural preference is majority control with founder rollover; some founders stay 24-36 months, others transition out within 12-24.

Acquisition Criteria: What These Platforms Look For

Across the 15 verified platforms, the buy-box patterns are reasonably consistent. (1) EBITDA range: ~$1M-$10M for add-ons, $5M-$30M+ for new platform investments. (2) Service mix: residential bias for most (Vertex, Infinity, Omnia, Skyline, Aligned Exteriors, Stonegrove, Best Choice, Peak, Ridgeline, Leaf/Erie); commercial bias for Tecta, Eskola, RSS; mixed for Latite and Carousel covR/United. (3) Recurring or insurance-claim revenue: explicitly preferred. (4) Geographic fit: most platforms expand into adjacent markets where they already operate. (5) Cultural fit: every press release emphasizes team continuity, leadership retention, and trades culture. Skyline and Carousel both disclosed founder retention as part of structure.

What disqualifies a roofing business in 2026 PE underwriting. Heavy new-construction concentration. Heavy customer concentration (>20% from a single GC or builder). Owner-dependency without a succession plan. Messy permit and warranty history. Insurance-claim regulatory issues (particularly in FL and TX where state insurance regulators have heightened scrutiny on claim-driven roofers). Below-floor labor practices (1099 misclassification, undocumented labor, OSHA history). None of these are deal-killers individually, but each one moves the deal from platform tier toward add-on tier — or out of the buy-box entirely.

What materially raises the multiple in 2026 roofing diligence. (1) Insurance-claim density and disciplined claims-handling (covR’s explicit thesis). (2) Commercial service-contract base with multi-year visibility. (3) Technology stack (CompanyCam, Roofr, ServiceTitan or equivalent, with KPI dashboards). (4) Sales-team headcount and lead-gen infrastructure that transfers reliably. (5) Geographic density supporting crew dispatch and procurement. (6) Manufacturer accreditations (GAF Master Elite, CertainTeed SELECT ShingleMaster, Owens Corning Platinum Preferred). (7) Clean financial reporting with auditable add-back schedules.

What This Means for Roofing Owners Considering an Exit

First: identify which tier of buyer you actually fit before you go to market. If your roofing business does $1M-$3M of EBITDA, your realistic 2026 buyer pool is dominated by add-ons to existing platforms (every name in this tracker), search funders, family offices, and independent sponsors. Platforms in this tracker generally won’t buy you as a new platform investment. If you do $5M-$15M of EBITDA, you have the deepest buyer pool: every platform here is a potential acquirer, plus the search-fund and family-office tier. If you do $20M+ EBITDA with regional or national potential, you’re a candidate for new platform investment by an LMM PE firm and possibly a strategic acquirer like Tecta, Vertex, or Leaf Home/Erie Home.

Second: target the right region against the right platform. Florida is the deepest residential pool: Latite, Peak, Vertex (Eustis), Infinity (Carpenter’s + Altec), and RSS (Quality First) all have direct FL footprints. Texas hosts Tecta (Texas Roofing), Eskola (Frontier), RSS (Ja-Mar, Lone Star), and Carousel covR/United. The Southeast hosts Skyline (Dr. Roof), Vertex (Findlay), Ridgeline, Eskola (Keating, BBG), and United Roofing. The Midwest hosts Aligned Exteriors, Stonegrove, Infinity, and Omnia. Commercial owners should look at Tecta, Eskola, and RSS. Aligning your geography and service mix with platforms that already operate density there improves conversion probability and bid pool.

Third: understand your service-mix valuation lever. Commercial roofing with recurring maintenance contracts and multi-year service agreements is the highest-multiple service mix in 2026 roofing M&A. Insurance-claim-heavy residential roofing in storm markets is the second-highest, particularly when the operator has clean claim-handling processes and low litigation history. Retail residential re-roofing without insurance or recurring revenue is third. New-construction roofing is the lowest. If you’re a year or more away from an exit and your mix is heavily new-construction, deliberately shifting toward re-roofing, repair, and service-and-maintenance work is the highest-leverage pre-sale move available to you.

Fourth: when PE makes sense vs. when alternatives are stronger. PE makes sense when you have institutional-quality financials, a sub-50% owner-dependency profile, recurring or insurance-claim revenue, and willingness to retain rollover equity. Family transition, ESOP, or sale to a search funder make more sense if you have a willing successor, a strong management team without you, or a small enough base ($500K-$1.5M SDE) that PE add-on economics are marginal. Sale to a regional strategic competitor is sometimes the highest-multiple outcome for businesses with unique geography or accreditations. Below $1M of EBITDA, the realistic buyer pool tilts toward SBA-financed individual buyers, search funders, and add-on tuck-ins — not direct PE platform formation. The platforms in this tracker are meaningful but not the only buyers, and for small businesses they are not the dominant buyers.

Limitations of This Analysis

We want to be explicit about what this tracker does not capture. Every limitation below is a real constraint on the data. Naming them up front is what differentiates research from marketing. A reader making a decision about their own business should weigh these constraints alongside the verified platform list.

Limitation 1: We may underrepresent platforms that haven’t issued public press releases. Several roofing roll-ups operate quietly. We investigated additional platform candidates including Apollo Roofing Solutions, Storm Guard franchisor, Roof Smart, Bone Dry Roofing’s Destination 2025 program, Lon Smith Roofing, Stonebridge Roofing, RoofConnect, and several smaller regional consolidators. For each, we could not locate a publicly disclosed roofing-specific 2024-2026 acquisition or the platform appears to be growing organically rather than through institutional PE backing. They’re not in the active list because they didn’t clear our citation bar; not because we believe they’re inactive.

Limitation 2: Multiples and deal terms are systematically under-reported. Most M&A press releases in roofing during 2024-2026 said ‘terms not disclosed.’ Where we report multiples, we cite the underlying source. Where we don’t, we don’t guess. Trade-press estimates from FMI Corporation, Hyde Park Capital, AXIA Advisors, Capstone Partners, and Anchor Peabody are useful anchors but not company-confirmed for any single transaction in our tracker.

Limitation 3: Family offices and independent sponsors are systematically harder to identify. These buyer types frequently acquire roofing businesses without issuing press releases, and even when they do, the announcements are often brief and not picked up by major trade press. They are real participants in the roofing buyer pool — particularly for sub-$3M EBITDA deals — and a tracker built only from press releases will under-represent them. We work with several family-office and independent-sponsor buyers in roofing; their disclosed-deal footprint is far smaller than their actual deal flow.

Limitation 4: Platform classification is fuzzy at the edges. Several platforms straddle exterior services broadly — roofing, siding, gutters, windows, doors, basement waterproofing, and exterior remodeling. Counting them as ‘roofing platforms’ is reasonable when roofing is in their primary service mix. Closest to pure-play: Tecta, Skyline, Stonegrove, Peak, RSS, Eskola, Carousel covR/United, Latite, Best Choice. Vertex, Infinity, Omnia, Aligned Exteriors, Ridgeline, and Leaf/Erie operate adjacent exterior service lines.

Limitation 5: Activity recency varies by platform. Best Choice Roofing’s most recent disclosed activity was the August 2024 Brightstar acquisition; we found no publicly disclosed BCR-led add-on press releases during 2025. That doesn’t mean BCR is inactive — the Operating Partner rollout implies continued sponsor support — but disclosure tempo varies. Latite’s post-Sun Capital integration is similarly early, with future add-ons expected but not yet disclosed.

Limitation 6: Distribution-side activity is mentioned but not counted. QXO Inc.’s $11 billion April 2025 acquisition of Beacon Roofing Supply is the largest single roofing-related transaction in our window and signals macro institutional interest, but Beacon is roofing distribution, not roofing services. Similarly, SRS Distribution’s acquisition of GMS Inc. (Home Depot subsidiary) is distribution-side. We mention them as macro context but do not include them in the active services-platform list because they do not run a contractor roll-up thesis.

Limitation 7: Our coverage window cuts off April 30, 2026. Anything announced after that date is not in this report. We expect to refresh quarterly. The cleanest way to use this tracker is as a starting baseline for an owner-side conversation, not as a real-time deal feed.

Future Updates and Methodology Notes

We plan to update this tracker quarterly. Each quarterly refresh will add platforms that cleared our verification bar during the quarter, retire platforms whose roofing-specific activity has gone dormant, update geography and add-on counts, and re-cite any platform-level multiples that became public. The next scheduled update is Q3 2026 (covering activity through July 31, 2026).

We will expand coverage over time in three directions. (1) Family-office and independent-sponsor roofing activity, which is currently underrepresented because of disclosure norms. (2) Regional consolidators outside our current geographic footprint, particularly in the Pacific Northwest, Mountain West outside Colorado, and Northern New England. (3) Roofing-distribution-side activity downstream of QXO/Beacon and SRS/GMS that affects contractor procurement economics, which is structurally adjacent to but distinct from the contractor-services platforms in this tracker.

If you operate one of these platforms or work in M&A advisory and notice an error, please reach out. We will correct in-line and re-publish. Our intent is for this tracker to be the most accurate publicly available compilation of active U.S. roofing PE roll-up activity, and that requires a feedback loop with the people who know the deal flow best. The contact form on the article page goes directly to our partner team.

If you’re a roofing owner considering an exit and want a private read on which of these platforms would actually compete for your business, we work with most of them. A 30-minute confidential call can convert this tracker from an industry overview into a specific buyer list calibrated to your size, region, and service mix. The buyers pay us when a deal closes; you pay nothing and sign nothing. Contact information is in the call-to-action above and at the end of this report.

Conclusion

The 2026 roofing PE landscape is more active than most owners realize and more concentrated than the trade-press hype suggests. Fifteen verified active platforms. Roughly two dozen disclosed roofing-specific add-ons in 2025 across the most active set, with Tecta America’s six commercial acquisitions leading documented commercial volume and Skyline, Vertex, Infinity, and Omnia leading residential volume. Three major sponsor-level transactions in 2025 (Latite to Sun Capital, Leaf Home / Erie Home combination under Gridiron + Ares + Apollo, Service Logic to Bain Capital + Mubadala) plus QXO’s $11B Beacon Roofing Supply acquisition reset the cap table at the top of the market. Add-on multiples in the 4-7x EBITDA range, platform multiples in the 6-10x range, and a sub-$2M EBITDA tier where the realistic buyer pool tilts toward search funders, SBA buyers, and platform add-ons rather than direct platform formation. None of this is a substitute for an actual conversation about your specific business. If you’d like one, the 30-minute call is the easiest place to start. We’ll tell you which platforms would actually compete for your business, what range of multiples you’d see, and what to do over the next 6-12 months. The conversation is confidential, costs nothing, and ends if you decide it’s not the right time.

Frequently Asked Questions

How was the list of 15 active roofing PE platforms compiled?

Each platform appears in the active list only if we found a publicly disclosed roofing-specific acquisition or platform formation between January 1, 2024 and April 30, 2026, anchored to a citable press release URL or SEC filing. Sources include BusinessWire, PR Newswire, GlobeNewswire, sponsor portfolio pages, public-company filings, and trade press. Platforms we suspect but couldn’t verify in writing are in Limitations, not the active list.

Is this tracker exhaustive?

No. It captures publicly disclosed roofing roll-up activity. It systematically underrepresents family-office buyers, independent sponsors, and smaller regional consolidators that don’t routinely issue press releases. Trade-press analysis cited 56 PE-backed roofing platforms by end of 2024 and a higher number in 2025; we list the 15 we could fully verify. It also reflects only the period through April 30, 2026 — deals announced after that date are not included. We update quarterly.

Why is the multiple range so wide (4-10x EBITDA)?

Roofing M&A multiples are highly sensitive to size, residential-vs-commercial mix, recurring or insurance-claim revenue, and management depth. Add-on tuck-ins below $1M EBITDA cluster at 3-5x. Mid-quality $1-3M EBITDA add-ons cluster at 4-7x. Platform-quality residential businesses with $3M+ EBITDA cluster at 6-9x. Commercial platforms with multi-year service contracts cluster at the upper end. The spread is structural, not negotiable.

Which platform was most active in 2025?

Tecta America (Altas Partners) led the commercial side with six 2025 acquisitions: Alpine Roofing (January), Christianson Roofing, Oklahoma Roofing & Sheet Metal (June), J3 Systems (September), Skyline Roofing of Virginia (October), and Texas Roofing (December). On the residential side, Skyline Roofing Partners (Imperial Capital), Vertex Service Partners (Alpine Investors), Infinity Home Services (Freeman Spogli + LightBay), and Omnia Exterior Solutions (CCMP) each completed multiple add-ons.

Where does QXO / Beacon Roofing Supply fit in this landscape?

QXO is roofing distribution, not roofing services. Its $11B April 2025 acquisition of Beacon Roofing Supply (NASDAQ: BECN) created the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the U.S. QXO is run by Brad Jacobs and has $3B+ in equity financing from Apollo and Temasek. It signals macro institutional capital but isn’t in our active services-platform list because it isn’t a contractor roll-up.

What about Tecta America and CentiMark?

Tecta America (Altas Partners) is the largest PE-backed commercial roofing platform in the United States, operating across 100+ U.S. locations. Tecta is in the active list with six 2025 acquisitions. CentiMark Corporation, by contrast, is a family-owned commercial roofing operator that achieved $1 billion in sales through organic growth (now ~$1.7 billion in 2026) without institutional PE sponsorship. Because CentiMark grows organically rather than through PE-backed roll-up, it is not included in this PE-platform tracker.

Is roofing PE consolidation slowing or accelerating in 2026?

Accelerating. Sponsor-to-sponsor activity at the platform level (Latite to Sun Capital, Leaf Home/Erie Home combination, Best Choice Roofing to Brightstar, the new Carousel platform) accelerated in 2024-2026 vs. prior years. Add-on activity was robust in 2025 across the most active platforms. Sponsor capital availability (QXO’s $3B+ equity financing, Tecta’s six 2025 deals, Vertex’s $600M+ revenue scale) suggests continuing capital. We see no public signals of slowing.

What multiple should a $1.5M EBITDA residential roofing business expect?

Trade-press and advisor coverage clusters this size at 4-7x EBITDA depending on service mix, recurring or insurance-claim revenue, owner dependency, and geography. Storm-prone Florida and Texas markets with disciplined insurance-claim handling can clear the upper end. The realistic 2026 buyer pool for that size includes platform add-ons (every name in this tracker), search funders, family offices, and independent sponsors. Pure PE platform investment at $1.5M EBITDA is rare; that’s add-on territory. Manufacturer accreditations (GAF Master Elite, CertainTeed SELECT ShingleMaster, Owens Corning Platinum Preferred), commercial maintenance contracts, and a transferable sales team all push toward the upper end of that range.

Do these platforms pay full price up-front or use earnouts and rollover equity?

Most disclosed transactions explicitly mention founder rollover equity. The Carousel covR/United transaction was funded with equity from Carousel’s sixth fund and rollover equity from both founders. Skyline’s Dr. Roof transaction had founder Paul Stoeppelwerth retain ownership and join the Founders Council. Earnouts are common but rarely disclosed. Structural norm: 60-80% cash at close, founder rollover equity, occasional earnouts tied to revenue or EBITDA milestones over 12-36 months. Specific structures are deal-by-deal.

Are commercial roofing platforms different from residential platforms?

Yes. Tecta America (Altas Partners), Eskola Roofing (Eagle Merchant Partners), Roofing Services Solutions (Dunes Point Capital), and Latite Roofing (Sun Capital) represent the commercial-leaning end. Vertex, Infinity, Omnia, Skyline, Aligned Exteriors, Stonegrove, Best Choice, Peak, Ridgeline, and Leaf Home/Erie Home are residential-focused. The Carousel Capital covR/United combination spans both. Commercial buyers prioritize multi-year service contracts and recurring revenue density; deal flow is thinner but individual deal sizes are materially larger.

What regions have the deepest 2026 roofing buyer pool?

Florida is the deepest market (Latite, Peak Roofing, Vertex’s Eustis, Infinity’s Carpenter’s + Altec, RSS’ Quality First). Texas is second (Tecta’s Texas Roofing, Eskola’s Frontier, RSS’ Ja-Mar + Lone Star). The Southeast is third (Skyline’s Dr. Roof, Vertex’s Findlay, Ridgeline, Eskola’s Keating + BBG, United Roofing). The Midwest supports residential platform formation for Aligned Exteriors, Stonegrove, Infinity, and Omnia. The Pacific Northwest, Mountain West outside Colorado, and Northern New England produce thinner disclosed-deal flow.

How often will this tracker be updated?

Quarterly. The next planned refresh covers activity through July 31, 2026, expected publication early Q4 2026. We will add platforms that cleared the verification bar during the quarter, retire dormant platforms, and update multiples / deal counts. If you operate a roofing platform and would like to be included in the next refresh, contact us through the form on the article page; we’ll review the disclosure and add the platform if it clears our citation bar.

How is CT Acquisitions different from a sell-side broker or M&A advisor?

We’re a buy-side partner. The buyers pay us when a deal closes — not the seller. We work with 76+ active U.S. buyers across PE platforms, family offices, search funders, independent sponsors, and strategic acquirers, including most of the roofing platforms in this tracker. There is no engagement contract, no retainer, and no listing fee. A traditional sell-side broker or M&A advisor typically charges the seller 5-10% of transaction value through a fixed-term engagement letter; we charge the seller nothing. For owners who want a buyer-network-led path to a transaction without paying a sell-side fee, we are a different model than a traditional broker.

Sources & References

All claims and figures in this analysis are sourced from the publicly available references below.

1. Tecta America Commercial Roofing Acquires Skyline Roofing (Tecta America, October 14, 2025) — Tecta America fifth 2025 commercial roofing acquisition (Rockingham, Virginia); 35th in past decade; six 2025 acquisitions total: Alpine Roofing (Jan), Christianson (CA), Oklahoma Roofing & Sheet Metal (June), J3 Systems (Sept, NM), Skyline (Oct, VA), Texas Roofing (Dec)
2. Tecta America Enters New Mexico with J3 Systems Deal (Roofing Contractor, September 2025) — Tecta America platform entry into New Mexico via J3 Systems acquisition; sponsor Altas Partners
3. Skyline Roofing Partners Expands National Footprint with Acquisition of Dr. Roof (PR Newswire, November 18, 2025) — Skyline Roofing Partners (Imperial Capital) Atlanta GA roofing acquisition; founder Paul Stoeppelwerth retained ownership and joined Founders Council
4. Imperial Capital Launches Skyline Roofing Partners (PR Newswire, May 2024) — Skyline Roofing Partners platform formation by Imperial Capital with Dan Reed as founding CEO
5. Skyline Roofing Partners Announces Inaugural Partnership with Elo Roofing (PR Newswire, May 6, 2024) — Skyline Roofing Partners inaugural acquisition; subsequent 2025 add-ons include One Day Roofing (August 2025) and Classic Roofing + John Hogan Roofing (March 2025)
6. Alpine Investors Launches Vertex Service Partners (BusinessWire, July 27, 2023) — Vertex Service Partners platform formation by Alpine Investors with four inaugural roofing partnerships
7. Vertex Achieves Remarkable Growth with ServiceTitan (ServiceTitan press release) — Vertex Service Partners $600M+ revenue and 100,000+ roofs serviced in 2025; 800+ employees
8. LightBay Capital and Freeman Spogli & Co. Announce Partnership with Infinity Home Services (BusinessWire, January 9, 2023) — Infinity Home Services platform sponsorship by Freeman Spogli + LightBay Capital
9. Infinity Home Services Expands into Florida with Carpenter’s and Altec Roofing (Infinity Home Services press release, February 2024) — Infinity Home Services 16th and 17th brands; Florida roofing platform expansion February 2024
10. Omnia Exterior Solutions Announces Official Platform Launch with Hoffman Weber (PR Newswire, June 1, 2023) — Omnia Exterior Solutions platform formation by CCMP Growth Advisors with inaugural Hoffman Weber partnership
11. Peak Roofing Partners Acquires Skymark Roofing (PR Newswire, July 21, 2025) — Peak Roofing Partners (Exuma Capital) second acquisition; Central Florida roofing
12. Bertram Capital Partners with Ridgeline Roofing & Restoration (PR Newswire, January 30, 2024) — Ridgeline Roofing & Restoration platform sponsorship by Bertram Capital Management
13. Ridgeline Roofing Acquires Kenneth Daniel Roofing (PR Newswire, September 2025) — Ridgeline Roofing add-on acquisition (Littleton, NC)
14. Aligned Exteriors Group Announces Partnership with Whitney Roofing (PR Newswire, October 15, 2025) — Aligned Exteriors Group Illinois roofing acquisition (Whitney Roofing)
15. River Sea Network and Pearl Street Capital Partners Form Aligned Exteriors Group (PR Newswire, March 26, 2024) — Aligned Exteriors Group platform formation by River Sea Network + Pearl Street Capital Partners; subsequent acquisitions include Home Pro Roofing (Dec 2024) and Whitney Roofing (Oct 2025)
16. Stonegrove Roofing Partners Strategic Partnership with Moss Roofing (Stonegrove Roofing Partners, September 23, 2025) — Stonegrove Roofing Partners (Strand Equity) Indianapolis-area roofing acquisition (Moss Roofing)
17. Eagle Merchant Partners Eskola Roofing Strategic Acquisitions (PR Newswire, November 5, 2024) — Eskola Roofing (Eagle Merchant Partners) three-company acquisition: Frontier Roofing, BBG Contracting, Keating Roofing; 22 locations across 11 states
18. Dunes Point Capital Announces Roofing Services Solutions Acquisition of Ja-Mar Roofing (PR Newswire, April 2025) — Roofing Services Solutions (Dunes Point Capital) Texas roofing acquisition (Ja-Mar Roofing); platform formed 2023 with Noland’s Roofing; subsequent add-on Lone Star Roofing (October 2025)
19. Brightstar Capital Partners Acquires Best Choice Roofing (GlobeNewswire, August 7, 2024) — Best Choice Roofing platform recapitalization by Brightstar Capital Partners; 85+ locations in 24 states; ~$277M 2023 revenue
20. Sun Capital Partners Affiliate Completes Investment in Latite Roofing & Sheet Metal (PR Newswire, January 8, 2025) — Latite Roofing platform recapitalization by Sun Capital Partners affiliate; Florida’s largest roofing services provider; founded 1943
21. Carousel Capital Announces Recapitalization and Merger of covR and United Roofing (Carousel Capital, October 2025) — Carousel Capital roofing platform formation; covR (Denver) + United Roofing (Clarkesville, GA) combination; co-headquarters TX/CO/GA
22. Leaf Home Announces Acquisition of Erie Home (PR Newswire, September 8, 2025) — Leaf Home / Erie Home combination under Gridiron Capital majority ownership with Ares preferred equity and Apollo debt; 300+ field offices, 3,100+ sales consultants
23. QXO Completes Acquisition of Beacon Roofing Supply (QXO investor relations, April 29, 2025) — QXO Inc. $11 billion acquisition of Beacon Roofing Supply ($124.35/share); largest publicly traded roofing/waterproofing distributor in U.S.
24. Bain Capital Completes Acquisition of Service Logic (BusinessWire, December 16, 2025) — Service Logic platform recapitalization to Bain Capital + Mubadala from Leonard Green; 140+ locations, 5,000+ technicians; commercial mechanical with commercial roofing exposure
25. Roofing’s Big Deal: What Contractors Need to Know About Private Equity in 2025 (Roofing Contractor) — Trade-press analysis: 17 PE roofing platforms in early 2023 grew to 56 by end of 2024 (229% increase); 134 reported roofing acquisitions in 2024
26. Private Equity Roofing Platforms: What Owners Need to Know in 2025 (AXIA Advisors) — Trade-press / advisor analysis of PE roofing platforms 2025; platform count and acquisition cadence benchmarks
27. U.S. Roofing Contractors Market Size (IBISWorld) — U.S. roofing-contractor market ~$99.8B in 2025, ~105,000 businesses; growing ~1.9% YoY
28. Private Equity Sector Brief: Nonresidential Roofing Services (FMI Corporation, April 2025) — FMI Corporation PE sector brief on nonresidential roofing services M&A trends and multiples
29. Roofing Services Market Insights Summer 2025 (Hyde Park Capital) — Hyde Park Capital trade-press benchmarks for roofing-services M&A multiples and platform activity Summer 2025
30. QXO Proposes to Acquire GMS for $95.20 Per Share (QXO investor relations) — QXO $5 billion bid for GMS Inc.; ultimately GMS acquired by SRS Distribution / Home Depot
31. Stonegrove Roofing Partners About (stonegroveroofing.com) — Stonegrove founded 2024; Strand Equity-backed residential roofing platform; 14 partner locations across 9 states with 7 brands
32. Tecta America | Onex (Onex portfolio page) — Tecta America historical Onex ownership; subsequent acquisition by Altas Partners in 2018 with Leonard Green minority stake since 2021