Legacy Restoration, a provider of exterior restoration and remodeling services, a Top 100 contractor, and Southern Roofing and Renovations, a Memphis-based provider of exterior restoration and remodeling services specializing in roofing, announced a merger on Jan. 10.
Legacy is a portfolio company of Bessemer Investors LLC, a New York-based investment firm. Financial terms of the transaction were not disclosed.
“We are excited to announce this strategic merger and welcome the Southern team to Legacy,” said Scott Mullins, CEO of Legacy. “The partnership marks a pivotal moment for Legacy, extending our geographic footprint across the South under a market-leading brand. It further solidifies Legacy as one of the largest residential roofing contractors in the country, with a contiguous footprint from Minnesota to Florida.
“Combining Legacy Restoration, Janney Roofing and now Southern advances our vision of serving customers with the highest quality experience in exterior restoration and remodeling services across the country.”
Founded in 2017, Southern Roofing is one of the Mid-South’s fastest-growing providers of exterior restoration and remodeling services, with 15 offices across Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, and Tennessee. Southern’s existing management team will continue to lead the company under the Southern brand.
“We are excited to join the Legacy family and continue our path of accelerated growth,” said Shi Eubank, founder of Southern. “Under the Legacy umbrella, we will maintain our commitment to quality exterior restoration and remodeling services, while receiving additional resources for our team to promote sustained success in our markets. The synergies between our companies ensure that Southern will remain a leading name in exterior restoration and remodeling services across the Mid-South and beyond.”
The addition of Southern marks Legacy’s second transaction since Bessemer’s majority investment in 2021. The combination of Legacy, Janney Roofing (acquired November 2022), and Southern creates one of the largest residential roofing contractors in the industry, with a footprint diversified across 25 locations in 13 states.
Tree Line Capital Partners, Brightwood Capital, and LBC Credit Partners provided debt financing for the transaction.
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https://www.roofingcontractor.com/articles/99055-legacy-restoration-partners-with-tennessee-based-southern-roofing-and-renovations
