M&A Deal Summary

Six Pillars Partners and Centerfield Capital Partners Acquire Royalty Roofing

On October 24, 2023, private equity firm Six Pillars Partners and mezzanine finance firm Centerfield Capital Partners acquired business services company Royalty Roofing

Acquisition Highlights
  • This is Six Pillars Partners’ 1st and Centerfield Capital Partners’ 9th transaction in the Business Services sector.
  • This is Six Pillars Partners’ 4th and Centerfield Capital Partners’ 88th transaction in the United States.
  • This is Six Pillars Partners’ 1st and Centerfield Capital Partners’ 12th transaction in Indiana.

M&A Deal Summary

Date 2023-10-24
Target Royalty Roofing
Sector Business Services
Buyer(s) Six Pillars Partners
Centerfield Capital Partners
Deal Type Recapitalization

Target

Royalty Roofing

Seymour, Indiana, United States
Royalty Roofing is a provider of commercial and residential re-roofing and repair solutions. Royalty serves a diversified commercial customer base that includes national, multi-unit after-market auto retailers, quick-service restaurants and franchisees, cold storage warehouse owners and operators, and food distributors, among others. Royalty Roofing was founded in 1986 and is based in Seymour, Indiana.

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Buyer(S) 2

DESCRIPTION

Six Pillars Partners is a private equity firm focused on acquiring founder owned businesses in asset-light industries. Six Pillars considers companies with annual EBITDA of $4 to $25 million and looks to fund management buyouts and majority recapitalizations. The Firm invests in a variety of industries including business services, education, staffing, and insurance. Six Pillars Partners was founded in 2013 and is based in Addison, Texas.


DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Good Giant

Mobile, Alabama, United States

Good Giant provides comprehensive marketing services with a focus on casino resorts, as well as select brands in consumer packaged goods, finance and tech. Good Giant was founded in 1977 and is based in Mobile, Alabama.

Buy -
Buyer

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 88 of 100
Sector: Business Services M&A 9 of 11
Type: Recapitalization M&A Deals 16 of 19
State: Indiana M&A 12 of 12
Country: United States M&A 88 of 100
Year: 2023 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 California Medical Evaluators

Los Angeles, California, United States

California Medical Evaluators is a provider of qualified and independent medical examination and medical expert services for the legal and insurance industries. California Medical Evaluators was established in 2010 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Rapid Prep

North Kingstown, Rhode Island, United States

Rapid Prep is a provider of surface preparation equipment rental services, equipment sales, and consumables, parts, and accessories sales nationwide. The Company services customers across the U.S. maritime, defense, industrial, and infrastructure industries. Rapid Prep provides a full suite of products, including but not limited to, dust collectors, vacuums, blasters, dryers, fans, pressure washers, and other related products. Rapid Prep was formed in 2006 and is headquartered in North Kingstown, Rhode Island.

Buy -