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.

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Dunes Point Capital, LP Announces the Formation of Roofing Services Solutions, LLC - Roofing Contractor

Great Day Improvements, LLC, a residential home remodeling company, announced last Friday it had acquired Florida-based Home Performance Alliance, a remodeler working in the window replacement, bath remodel and roofing solutions space.

In a Dec. 22 news release, Great Day said its latest acquisition further diversifies the companys offerings for consumers and contributes to the companys continued organic expansion of its current portfolio of brands.

The company said that it added more than 40 locations during 2023, and its expansion reflects Great Days commitment to providing exceptional home improvement solutions suitable for all environments.

HPA is a perfect fit for our long-term growth goals, as theyve helped homeowners with customized remodeling solutions for a decade, said Michael Hoy, CEO of Great Day Improvements. With Great Day Improvements built on a foundation of entrepreneurial spirit, [HPA] share[s] our values and business model.

Great Day Improvements jumped to No. 3 nationally on Qualified Remodelers 2023 annual HIP 200 list of top Home Improvement Pro companies. The acquisition will also add more than 3,000 employees to the companys payroll.

HPA experienced incredible growth in its first decade, and I couldnt be prouder to be a part of that success and of the incredible team we have at HPA, said Gary Delia, CEO and founder of HPA. Im excited about what the future holds as we embark on this new partnership with Great Day Improvements and work to help even more homeowners meet their remodeling goals.

Great Day said Delia will be collaborating closely with its leadership team, reporting to Hoy and providing strategic direction and insight for continued growth as HPA joins the Great Day organization. Carolyn Resar, executive vice president of Integration at Great Day Improvements, will oversee the onboarding of HPA, reporting to Drew Weinfurtner, president and COO.

With this addition to its family of brands, including Patio Enclosures, Champion Windows and Home Exteriors, Universal Windows Direct, Apex Energy Solutions, Stanek Windows, Hartshorn Custom Contracting, Your Home Improvement Company, K-Designers and The Bath Authority, Great Day Improvements seeks to solidify its position as a national market leader.

For more information, visit greatdayimprovements.com.

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Great Day Improvements Acquires Home Performance Alliance - Roofing Contractor

{KXLG -Mitchell, SD} The owner of Mitchell Roofing & Siding has been arrested following a federal search warrant executed by the Bureau of Alcohol, Tobacco, and Firearms at the business and owners home on Thursday afternoon.

Several local and state law enforcement agencies helped carry out a search warrant at Mitchell Roofing & Siding and the business owners home.

According to Mitchell Radio Group, 44-year-old Cory Cumings has been charged with Possession of a Controlled Substance, Possession of Marijuana Wax, Keeping Place for Use or Sale of a Controlled Substance, and Stalking and Permitting Threatening or Harassing Phone Calls.

Cumings was taken into custody on Thursday, according to Mitchell Radio Group.

Cumings home in Aurora County was also searched.Drugs and drug paraphernalia were found at the house.

Mitchell Radio Group states that Cumings has also been accused of threatening to hire a hitman to kill a woman. The phone call was allegedly recorded and reported to law enforcement.

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Mitchell roofing business owner arrested by ATF and allegedly hired hitman - mykxlg.com

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FirstService (NASDAQ:FSV) is an essential outsourced property service provider in North America. It has acquired Roofing Corp of America which I believe can act as primary catalyst to growth of the company by expanding its geographic footprint and customer base.

FSV deals in the essential outsourced property services sector mainly in the North American market. It serves its customers in two operating segments: FirstService Residential and FirstService Brands. The FirstService Residential segment mainly provides various property management services across a wide geographic region to various clients comprising homeowner associations, co-operatives, active adult and lifestyle communities, master-planned communities, and other residential developments governed by multi-unit residential community associations and or common interest. It operates approximately 8,700 communities, constituting over 4 million residents. It offers several ancillary services: a full-service swimming pool, on-site staffing for building engineering and maintenance, security, and a front desk. These services are mainly offered under contract with a fixed monthly fee. FirstService Residential contributed approximately 47.31% to the company's total revenues in 2022. The First Service Brands segment operates and offers essential property services to commercial and residential customers. It deals in commercial and residential restoration, custom-designed and installed closets, floor covering design and installation services, painting, home inspection services, home storage solutions, and fire protection and related services. This division represented approximately 52.69% of the firm's earnings. The company has five franchise networks: Paul Davis Restoration, CertaPro Painters, Pillars to Post Home Inspectors, California Closets, and Floor Coverings International.

Revenue Trend of FSV (Investor Presentation: Slide No: 5)

The property management services market experienced downturn during the Covid-19 pandemic and later due to inflationary pressures. However, the company has maintained its upside and managed consistent revenue growth. The industrial scenarios are changing slowly as economic conditions are stabilizing steadily. The housing sector is estimated to expand in the next year. As per National Association of Realtors, existing home sales can be boosted by 13.5% YoY from 4.10 million to 4.71 million. I think this builds a great opportunity for the company which can induce significant demand for its services. In addition, the trends in the development of homeowner associations are highly positive and indicate an upside which is also one of the growth factors for the company. Identifying these scenarios, FSV has recently announced the acquisition of Roofing Corp of America, for a transaction price of $413 million which is commercial roofing firm in North America. This addition can highly benefit the company in increasing its capabilities in maintenance, property repair, and restoration. Roofing Corp offers end-to-end roofing services, comprising new roof installations, re-roofing, and repairs & maintenance to building owners, HOAs, and property & facility managers. It generates $400 million in annual revenues. I believe this deal can act as catalyst to accelerate the company's growth as the acquired firm has a significant scale, broad product offerings, and geographic footprint which can help the company capture additional market share and increase its profitability by adding more customers to its portfolio. In addition, Roofing Corp is a competitive player in the North American market which can help FSV to create its strong presence and increase its market penetration which can further boost its revenues.

The company has consistent distributions which indicates its strong positioning. It paid a $0.225 dividend in each of the four quarters of the current year, which makes the annual payout $0.9 and represents a yield of 0.56%. This dividend yield makes the company a good stock, especially for risk-averse and retired investors who are seeking fixed regular income along with capital appreciation. I believe that its expansion activities can further boost its cash flows and we can expect increased returns in the next year.

The demand for the company's services is highly related to market conditions such as resale rates, property values, and liquidity for real estate transactions. A market that has high resale rates presents a good opportunity for the company as demand for its services such as painting, closet installation, storage solutions, and home inspection increases. However, if real estate industry slows down due to economic downturns, it can reduce transactions and result in low spending by homeowners on such additional services which might further deteriorate demand for FSV's solutions and lead to contraction of its profit margins.

The industry was facing several headwinds due to macroeconomic pressures however, it is steadily showing signs of recovery. To cater to this growing demand, FSV has recently acquired Roofing Corp of America which can boost its profitability by strengthening its service capabilities and increasing its customer base. After considering all these factors, I am estimating an EPS of $5.79 for FY2024 which gives the forward P/E ratio of 28.07x. After comparing forward P/E ratio of 28.07x with the sector median of 35.47x, we can conclude that the company is undervalued. I think the firm can potentially grow in the next year as a result of positive demand in the industry and its recent acquisition which can help it to trade above its current P/E ratio. I estimate that the company might trade at a P/E ratio of 34.49x in 2024, giving the target price of $199.69, which is a 22.86% upside compared to the current share price of $162.53. A weaker real estate market can affect the financial performance of the company during adverse economic conditions. I think in that case, it can contract the profit margins and EPS of the company.

Scenario

EPS Estimates

P/E Ratio Estimates

Target Price

Best case

$5.79

34.49x

$199.69

Bear case

$5.67

34.36x

$194.82

I believe in the bear case scenario of reduced sales due to adverse industry conditions, the EPS of FY2024 might be $5.67, and estimate that the company might trade at a P/E ratio of 34.36x, which gives a target price of $194.82, representing an upside of 19.86%.

The company is experiencing positive growth which is reflected in its revenue upside. I believe it can sustain this growth for a longer period due to the rebound of industry demand combined with the company's recent acquisition which can potentially increase its profitability by expanding its customer base. However, it is exposed to the risk of cyclicity which can contract its profit margins. It also pays consistent dividend. The stock is currently undervalued and investors can expect healthy 20%-23% growth from current price levels as result of its significant portfolio expansion. Taking into account all the above factors, I assign a buy rating to FSV.

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FirstService: Roofing Corp of America Acquisition Should Accelerate Growth (NASDAQ:FSV) - Seeking Alpha

The Role of Flexible Roofing Membranes in Sustainable Building Design

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Our buildings become symbolic of the times we live in, reflecting the spirit of a given era, attending to different needs, lifestyles and functions. Architecture should speak of its time and place, but yearn for timelessness, says one of the most prominent architects of our time, Frank Gehry. For architectural innovators, exploring new technological potentials and envisioning ways to enrich peoples lives have long been driving forces, shaping responses to contemporary challenges. Today, sustainability stands as a key challenge, adding new dimensions to the debate, bringing together form, function, the responsible choice of materials and long-term thinking. Adapting to these demands has never held more significance.

Today's architecture is evolving towards a circular economy, innovative materials, and sustainable urban design. In this context, prioritizing resource efficiency, waste reduction, and responsible material use significantly impacts contemporary building approaches.

Sustainable architecture prioritizes a "reduce, reuse, and recycle" philosophy, emphasizing natural, durable, and renewable materials. These choices reduce construction waste and resource depletion, fostering a greener approach.

Renovating existing buildings, especially through energy-efficient schemes, is gaining momentum as an ideal way to integrate the above-mentioned strategies. The European Union's Green Deal sets a goal for carbon-neutral buildings by 2050, urging a renovation surge in both public and private sectors.

Challenges of sustainability serve to inspire rather than hinder creativity in architecture. Designing sustainably necessitates a holistic approach that includes all aspects of a building. One such example of a building element that has great potential to move a building toward sustainability is innovative rooftop solutions. These spaces, whether with green roofing or solar installations, integrate functionality without sacrificing aesthetics.

In this landscape, the Elevate RubberGard EPDM roofing membrane stands out, offering both eco-friendliness and expanded architectural potential. It enables architects to merge responsibility with imagination, driving forward a new era of sustainable and innovative architecture.

EPDM roofing membranes are mainly used on flat or low slope roofs, although these are not the only shapes they can cover. RubberGard EPDM offers total design freedom, even when the roof is not flat at all. Roofs with irregular shapes, wavy roofs, and roofs that extend almost to the point of becoming part of the faade can all be waterproofed.

The single-ply nature of RubberGard EPDM provides architects with design freedom, as its thin layer ensures durable, high-performance waterproofing without adding significant weight to the building structure (unlike other traditional roofing membranes that need to be installed in several layers).

Furthermore, the product is highly flexible and can endure temperatures as low as -45C. With exceptional lay-flat characteristics, it easily conforms to irregular shapes, accommodating the structures expansions and contractions due to temperature changes without compromising its integrity.

Suitable for both new construction and renovation, these membranes can be installed on various substrates, with or without insulation. Installation methods vary based on project needs, from adhesive application and mechanical fastening, to ballasting. Notably, no flames, heavy equipment, or tools are necessary, enhancing job site safety and flexibility. These membranes support eco-friendly building practices like green, solar, or blue roofs, aligning with an architect's vision.

To learn more about RubberGard EPDM and other products by Elevate EMEA, visit the product catalog.

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The Role of Flexible Roofing Membranes in Sustainable Building Design - ArchDaily

Roofing is once again one of the top three deadliest civilian occupations, with workplace fatalities increasing by 7.8% in 2022, according to the latest data.

The Bureau of Labor Statistics (BLS) released its annual Census of Fatal Occupational Injuries Summary, which tracks the previous years fatal workplace injuries and their causes. According to the report, the total number of fatal injuries for roofing contractors was 124, an increase from 115 in 2021. Of those fatalities, 100 of the incidents, or 80.6%, were due to a fall, trip or slip.

The data differentiates specific sectors from the total mentioned above. Residential roofing contractors experienced 33 fatal injuries, a 6.5% increase from 2021. The data shows 27 of those deaths were caused by a fall, trip or slip nearly 82%.

Nonresidential roofing contractors saw fewer incidents in 2022. Of the 19 fatal injuries that occurred down from 28 in 2021 nearly 79% (15) were falls, trips or slips.

Slightly different numbers emerge when viewing fatalities by occupation as opposed to industry. In this case, deaths have decreased by 8.6% for roofers, going from 115 in 2021 to 105 in 2022. Of those 105 deaths, 90 were the result of a fall, slip or trip (85.7%). This is a 6.25% decrease from 2021.

Although the occupational numbers are heading in the right direction, its done little to affect roofings status as one of the deadliest occupations in the U.S. The bureau calculates fatal work injury rates per 100,000 full-time equivalent workers. In doing so, roofing has a fatal work injury rate of 57.5.

Despite being lower than last years rate of 59, it is the second-highest rate among all other civilian occupations, with logging workers having the largest rate at 100.7. Fish and hunting workers is the third deadliest occupation, with a rate of 50.9.

Nationally, the data shows workers in construction and extraction occupations had the second most fatalities (1,056) in 2022 compared to other occupation groups. Falls, slips, or trips caused 423 of these fatalities.

Work-related fatalities due to falls, slips, and trips increased throughout the nation by 1.8% in 2022, resulting in 865 fatalities, up from 850 in 2021. Most fatalities in this category (80.9%) were due to falls to lower levels, which had 700 fatalities in 2022, a 2.9% increase from 680 fatalities in the prior year. Falls were the most reported workplace safety violation for the 13th consecutive year in 2023.

Suicides increased 13.1% to 267 fatalities in 2022 nationally. This followed consecutive decreases in both 2020 and 2021. Its an issue the roofing industry is not immune to, something National Roofing Contractors Association CEO McKay Daniels touched upon during an industry update at the 2023 Best of Success conference earlier this month.

This is happening in our industry, Daniels said. Were playing catchup, but were going to do it in a hurry and bend this curve down.

The BLS data shows grim trends for the largest minority groups in the U.S. Fatal injury rates increased for Black or African American workers and Hispanic or Latino workers, which totaled 734 and 1,248, respectively, in 2022. These are 12.4% and 10.4% increases, respectively, over the previous years totals. For comparison, white (non-Hispanic) workplace fatalities increased by 2% in 2022 (3,167), while Asian deaths decreased by 5% (169).

For Hispanic and Latino workers, the 2022 total breaks down to 456 workplace deaths happening to native-born workers, while 792 deaths occurred to foreign-born workers.

Transportation incidents were the highest cause of fatalities within both groups, with 278 for Black or African American workers and 439 for Hispanic or Latino workers. The second highest cause of fatalities to Black or African American workers was injuries due to violence and other injuries by persons or animals (199), while for Hispanic or Latino workers, it was falls, slips, or trips (286).

The nationwide total of workplace fatalities in 2022 was 5,486, a 5.7% increase from 5,190 in 2021. This equates to a fatal workplace injury rate of 3.7 fatalities per 100,000 full-time equivalent workers, up from the previous years rate of 3.6. According to the BLS, this meant a worker died every 96 minutes from a work-related injury in 2022.

Todays announcement by the Bureau of Labor Statistics of a 5.7% increase in fatal occupational injuries is a sobering reminder of the important work we must do, especially for Black and Hispanic workers who saw the largest increase in workplace fatalities, said U.S. Department of Labor Assistant Secretary for Occupational Safety and Health, Doug Parker, in a statement.

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Roofing Has Second Highest Workplace Fatality Rate in the U.S. - Roofing Contractor

Choosing the right commercial roofing company is a significant decision for any business owner, and opting for professional commercial roof services in Indianapolis offers a guarantee of quality and reliability. The integrity of your commercial property's roof is crucial, as it not only safeguards your investment but also ensures the safety and comfort of occupants.

Given Indianapolis's diverse weather patterns, it's essential to select a roofing solution that is both resilient and effective. This guide will help you find the best commercial roofing company in the city, ensuring that your decision is informed, leading to long-lasting satisfaction and top-tier service.

Indianapolis experiences a mix of weather conditions, from heavy snowfall in winter to hot, humid summers. A local roofing company with years of experience in the area will deeply understand these conditions and how they affect roofing materials and structures.

Look for companies with a proven track record in commercial roofing. Experienced roofers not only bring expertise but also a familiarity with local building codes and regulations.

Ensure the company is licensed to operate in Indianapolis. Licensing indicates that they meet the state's standards for roofing contractors. Equally important is insurance, which protects you from liability in the event of accidents or damage during the roofing project.

A reliable company will offer warranties on both materials and workmanship. This is a sign of their confidence in the quality of their work and materials.

Ask for a portfolio of their previous projects, particularly those similar in scope and size to yours. This gives you a tangible sense of their capabilities and quality of work.

Request references or read online reviews. Feedback from past clients can provide invaluable insights into the companys reliability, communication, and overall customer satisfaction.

A company that offers a wide range of services from installation to maintenance and repair can be a more practical choice. Having a single go-to company for all your roofing needs is beneficial.

Some companies specialize in certain types of roofing materials or systems. Consider this if you have specific requirements or preferences for your commercial roof.

The best companies communicate clearly and respond promptly. Their communication skills are crucial from the initial inquiry to the final debrief.

A company that values customer service will make the process smoother and more pleasant. They should be willing to answer your questions, address your concerns, and keep you informed throughout the project.

Obtain quotes from several companies to compare pricing. Be wary of significantly lower quotes, as this could indicate a compromise on quality or hidden costs.

The right company will provide a detailed and transparent quote, outlining all costs. This transparency helps you make an informed decision without any surprises later on.

Selecting the best commercial roofing company in Indianapolis is a critical decision that goes beyond mere cost comparison. It's about finding a partner who understands the local climate challenges, offers comprehensive services, and maintains high quality and customer service standards. Remember, a well-chosen roofing company doesn't just provide a service they offer peace of mind and a solid foundation for your business's future.

Jamie is a 5-year freelance writer who enjoys real estate. He is currently a Realty Biz News Contributor.

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Commercial Roofing: A guide to hiring the professionals - RealtyBizNews

Greenville, April 25, 2023 (GLOBE NEWSWIRE) -- Greenville, South Carolina -

Roofers LLC, a roofing company based in Greenvile, SC, is proud to announce they are celebrating the companys 40th year in the business. The company provides residential roofing, commercial roofing, and emergency repair services. They are a comprehensive residential roofing company providing new roof installation, roof repair, full roof replacement, and roof maintenance. They also offer commercial roofing services such as roof maintenance, roof repair, re-roofing, and roof system installation. During emergencies, they can also provide fast response to fix any leaks that may cause additional damage inside the home or building.

Roofers LLC also has an enviable overall rating of 5.0 out of 5 stars on Google. In a recent review, Camila R. gave them five stars and said, We had a pretty bad leak in our home that the restoration company suspected was due to the roof. I called 2 other roofing companies before Roofers LLC and both were 2 weeks out with appts. Roofers LLC came within 48 hours and once they realized the size of the job returned a few days later with additional workers and equipment and fixed the problem quickly! They went above and beyond to make sure it was fixed before rain came and were extremely friendly throughout the process. We are grateful for their hard work and will definitely use them again for any future roofing needs.

Ethan Ledford from Roofers LLC says, We have been proudly serving The Carolinas since 1983. Our 5.0 overall rating on Google attests to our reliability and honesty as a roofing company. We have a BBB Rating of A+ and have been recognized by Home Advisor as Top Rated and as a provider of Elite Service.

Those who want to know more about the achievements of this roofing company can visit the Roofers LLC LinkedIn profile. They want to point out that there are a number of factors that differentiate them from other roofing services providers in the Greenville area. These include quality, integrity, dedication, and their use of superior products.

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One of the priority services they focus on is emergency roof repair services for both residential and commercial buildings. They fully understand that when a roof is damaged by a storm or any other kind of disaster, such as hail, tornado, or strong winds, a quick response is a must to stop any leaks because leaks tend to worsen over time in addition to causing more damage inside the home or commercial building. The water that gets inside the home can ruin valuable possessions like furniture, documents, ceiling, walls, and more.

Expert roof repair has to be provided as quickly as possible to minimize damages to the home or business. For emergency roof repair, they can deliver the appropriate remedies for: worn-out sealant; punctures; damaged flashing; damaged or missing shingle; corroded vertical slits; damaged vent boot; and broken plumbing vent boots.

For those who are not sure if their roof needs repair, they can call Roofers LLC and schedule a free roof inspection. One of their roofing experts will provide a thorough and detailed inspection of the property and offer the best possible advice if there a need to repair the roof.

Established in 1983, Roofers LLC is a licensed general contractor that has gained the reputation of being one of the most reliable roofing companies in South Carolina. They treat each home or business that hires their roofing services as if it were their own. This assures clients that they will get the best quality services. Furthermore, they are a fully bonded, insured and licensed roofing company, ensuring clients peace of mind. Their team of professional roofers are dedicated to exceeding customer expectations for any roofing service they provide.

Those who are interested in the roofing services of Roofers LLC can connect with them through their website, visit their main office at 1427 Laurens Rd L, Greenville, SC 29607 or contact them on the phone at (864) 740-1691 or through email. Those who need driving directions to Roofers LLC can visit their Google Maps page.

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For more information about Roofers LLC, contact the company here:

Roofers LLCEthan Ledford(864) 740-1691ethan@roofersllc.com1427 Laurens Rd LGreenville, SC 29607

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Roofers LLC Celebrates Its 40th Year in Roofing - Yahoo Finance

A roofing company faces criminal complaints from the Pennsylvania Department of Labor & Industry [L&I] over multiple alleged violations of the Pennsylvania's Child Labor Act.

According to a release from the department, an L&I investigation concluded that Samuel M. Lapp, owner of S&L Roofing, Gutters & Siding of Perry County, employed two minors (ages 12 and 15) for work on second-story roofs in Lower Paxton Township and Susquehanna Township.

The criminal complaints detail 18 counts, including allowing minors to work in hazardous occupations, particularly roofing, over several shifts and for extended hours. Pennsylvania's Child Labor Act prohibits children from working in hazardous occupations like roofing. Lapp is also charged with violating Section 11 of the Child Labor Act by failing to maintain accurate employee records upon request by L&I.

Pennsylvania's Child Labor Act regulates the employment of minors under 18. The law outlines maximum hours and permissible working times, while prohibiting minors from working in hazardous occupations. Minors under age 14 may not be employed or permitted to work in any occupation, except as golf caddies, delivering newspapers, as a youth sports official, in a performance, on farms or in domestic service in private homes.

The alleged violations carry a potential $500 fine for each count, according to the L&I. All charges are accusations and the defendant is presumed innocent unless and until proven guilty.

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Pennsylvania Roofing Contractor Charged with 18 Counts of ... - Roofing Contractor

Roofing contractors can always do a better job of protecting the parts of their business that drive their success, whether that be a leading salesperson, engaging marketing strategy or internal workflow process. Add intellectual property to the list, said RC Legal Insights expert Trent Cotney in this latest Legal Insights video.

Cotney, of Adams and Reese, explained that trademarks, patents and other legal documentation is often overlooked by roofers that dont quite understand the importance of staying vigilant with their own intellectual property. That can include the companys name, logo, slogan, and business processes, when applicable. He recounted a recent call from a contractor that forgot to renew his annual corporate information for his business license. Another contractor swept in and began using it to generate business, creating quite a legal mess for the initial roofer. He did not formally trademark his business name with the state or federal authorities.

The process can be a little lengthy, and detailed, but it makes your argument a lot stronger if you do have one, Cotney said in this brief episode.

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VIDEO: Roofers Need to Protect Intellectual Property - Roofing Contractor