M&A Deal Summary

FirstService Acquires Roofing Corp of America

On December 18, 2023, FirstService acquired construction company Roofing Corp of America from Soundcore Capital Partners for 413M USD

Acquisition Highlights
  • This is FirstService’s 1st transaction in the Construction sector.
  • This is FirstService’s largest (disclosed) transaction.
  • This is FirstService’s 12th transaction in the United States.
  • This is FirstService’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2023-12-18
Target Roofing Corp of America
Sector Construction
Buyer(s) FirstService
Sellers(s) Soundcore Capital Partners
Deal Type Add-on Acquisition
Deal Value 413M USD

Target

Roofing Corp of America

Atlanta, Georgia, United States
website
Roofing Corp of America is a commercial roofing enterprise serving customers throughout North America. Roofing Corp delivers a wide range of end-to-end roofing services, including re-roofing, repair and maintenance, and new roof installations, to building owners, property and facility managers, homeowners’ associations, and general contractors. Roofing Corp of America is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

FirstService

Toronto, Ontario, Canada

website


Category Company
Founded 1989
Sector Real Estate
Employees27,000
Revenue 3.7B USD (2022)
DESCRIPTION

FirstService is real estate services company. FirstService manages residential and commercial properties through three service platforms: Colliers International, one of the largest global players in commercial real estate services; FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations. FirstService was incorporated in 1989 and is based in Toronto, Ontario.


DEAL STATS #
Overall 13 of 13
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 12 of 12
State (Georgia) 2 of 2
Country (United States) 12 of 12
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Chesapeake Sprinkler

Odenton, Maryland, United States

Chesapeake is a full-service fire protection company that provides installation, inspection, maintenance, and testing services for fire sprinkler and alarm systems to a wide variety of corporate and government clients. Chesapeake Sprinkler was founded in 1978 and headquartered in Odenton, Maryland.

Buy -

Seller(S) 1

DESCRIPTION

Soundcore Capital Partners is a private investment firm focused on making control investments in lower middle-market companies headquartered in the US or Canada. The Firm looks to be an active investor/partner and seeks platform opportunities with up to $15 million of EBITDA. Target transaction situations include ownership transitions, corporate carve-outs, and leveraged buyouts. Soundcore Capital Partners was formed in 2015 and is based in New York City.


DEAL STATS #
Overall 4 of 4
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Georgia) 1 of 1
Country (United States) 4 of 4
Year (2023) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Custom Goods

Carson, California, United States

Custom Goods is a 4PL provider of customized logistics solutions, including warehousing, transloading, drayage, value-added packaging & fulfillment services, and freight consolidation, to blue-chip commercial customers throughout the United States. Custom Goods was founded in 1962 and is based in Carson, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Premier

Oakwood, Georgia, United States

Premier is a provider of commercial overhead garage door, dock leveler, and access control installation, repair, and maintenance services. Premier is based in Oakwood, Georgia.

Buy -