Dunes Point Capital, LP, a private equity firm based in suburban New York City, announced Tuesday it had launched Roofing Services Solutions, LLC and acquired Clermont, Fla.-based Nolands Roofing, Inc. as its first acquisition.
Located about 22 miles west of Orland, Nolands is a provider of re-roofing and building exterior services to residential customers, Dunes Point Capital said in a Dec. 26 news release announcing the new portfolio concern.
Nolands has three Florida locations and employs approximately 70 people. In a statement, Dunes Point Capital said Noland’s is the first investment in a platform consolidation strategy in the aftermarket roofing services space.
Dunes Point Capital Fund III, LP provided the controlling equity for the transaction. M&T Bank provided the debt for the transaction. Polsinelli PC served as DPC’s legal advisor, and Alvarez & Marsal Transaction Advisory Group served as DPC’s financial advisor. Sunbelt Business Brokers of South Florida served as M&A advisor to Nolands.
The terms of the deal were not announced.
For more information, please visit nolandsroofing.com.