THE ANGEL, December 10, 2020 / PRNewswire / – Aurora Capital Partners (“Aurora”), a leading midsize private equity firm, today announced a growth investment in Premier Roofing (“Premier” or the “Company”), one of the largest roofing services and vendor managed networks in the United States the USA
Headquarters in Denver, ColoradoPremier roofs properties primarily damaged by hail or wind and serves as an end-to-end service guide for the homeowner throughout the insurance and construction process. Premier is one of the fastest growing roofing companies in the country with six offices Colorado, Nebraska, Missouri and Minnesota and plans to open St. Louis and Oklahoma City in 2021.
“Premier has established an exceptional corporate culture and has had a track record of long-term, consistent growth since its inception in 2005,” he said Matt Laycock, Partner at Aurora. “The company’s strong position in its existing regions and its organic and additional acquisition growth potential make Premier an ideal fit for Aurora’s buy and build investment strategy. We look forward to working with the entire Premier team to make the company a success to help through the next phase of expansion. “
“Premier has developed a scalable, professional and programmatic approach to roof restoration that sets it apart from the competition,” he said Andrew Wilson, Partner at Aurora. “Together with management, we see an exciting opportunity to create significant value through our strategy and operations program as we expand Premier’s existing offices, expand into new markets and accelerate the company’s multi-family segment.”
“We founded Premier Roofing with the belief that we could create a roofing business that would provide the industry with a differentiated level of operational expertise and service, and that is exactly what we did,” he said Chris Tulp, CEO of Premier Roofing. “Aurora’s focus on working with management teams, combined with its insights and expertise, will enable us to capitalize on Premier’s growth opportunities. The roofing market is incredibly fragmented and Premier is well positioned to further develop its leadership.”
The story goes on
Premier and Aurora’s previously announced reinvestment in Zywave are the first two investments by Aurora Equity Partners VI to be activated in September.
Premier joins several recent Aurora investments in the broader business services sector, including Petroleum Service Corporation, VLS Recovery and Pace Analytical Services.
piper Sandler & Co. acted as financial advisor to Premier while Cozen O’Connor acted as legal advisor. William Blair & Company acted as financial advisor and Gibson, Dunn & Crutcher LLP acted as legal advisor to Aurora. Monroe Capital provided the debt financing for the transaction.
About Aurora Capital Partners
Aurora Capital Partners is a leading private equity firm focused primarily on controlling investments in medium-sized companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable growth opportunities in partnership with management. Aurora provides unique resources to its portfolio companies through its strategy and operations program and team of experienced operations consultants. Aurora investors include leading public and corporate pension funds, foundations, and foundations that invest in the private equity space. For more information on Aurora Capital Partners, please visit www.auroracap.com.
About Premier Roofing
Founded in 2005, Premier Roofing Company, one of the largest roofing service providers and provider-managed networks in the United States, roofs properties that have been primarily damaged by hail or wind. Premier serves as an end-to-end service guide for homeowners throughout the insurance and construction process. The company is focused on serving regions with heavy and recurring storm activity. Headquarters in Denver, ColoradoPremier has offices in Denver, Colorado Springs, Fort Collins, Kansas City, Omaha and Minneapolis. Further information is available at www.premier-roofing.com.
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SOURCE Aurora Capital Partners