Boyne Capital has acquired Premier Building Associates, a top 100 US roofing contractor.
Premier Building Associates (PBA) provides commercial roofing services focusing on re-roofing and maintenance services, primarily in the New England and Tri-State markets of Connecticut, New York, and New Jersey. As a roofing services platform, PBA has recently expanded to perform work nationwide for large blue-chip customers in big-box retail, manufacturing, aerospace and defense, education, and REIT sectors.
PBA was founded by CEO Dan Secondino in 2015 and is headquartered near New Haven in North Branford, Connecticut.
“I am thrilled to partner with the Boyne team in advancing our platform and propelling PBA to new heights,” said Mr. Secondino. “We recognize a significant opportunity to leverage our strong position and enter new markets both organically and through strategic industry partnerships. Boyne is the perfect partner to help take PBA to the next level.”
Boyne’s acquisition of PBA is its second platform investment in the roofing sector, following the firm’s acquisition in February 2024 of the assets of Pinnacle Home Improvements and the formation of Pinnacle Home Improvement Group, a direct-to-homeowner provider of home improvement services, with a focus on roof replacement, window replacement and other exterior services for existing single-family homes. In addition to its headquarters location in Alpharetta, Georgia, Pinnacle also has offices in Knoxville, Chattanooga, and Nashville, Tennessee; and Charlotte, North Carolina.
“Premier Building Associates has distinguished itself as a leader in the commercial roofing industry due to its reputation for quality execution, reliability, and customer experience,” said Derek McDowell, the managing partner at Boyne Capital. “We look forward to partnering with Dan Secondino to add fuel to the fire and accelerate PBA’s evolution into a top commercial roofing services provider in the country.”
Boyne Capital invests in lower middle-market companies with revenues of less than $100 million and EBITDA of $3 million to $15 million. Sectors of interest include healthcare services, consumer products and services, manufacturing, business and financial services, and industrial, infrastructure, and engineering services. The firm was founded by Mr. McDowell in 2006 and is headquartered in Miami, Florida.
“We see an exciting opportunity in commercial roofing to capitalize on the momentum Dan and his team have built and to execute on organic and strategic growth opportunities as PBA charts its path to a top national commercial roofing platform,” said Roman Krislav, a managing director at Boyne Capital. “We are thrilled to be partnering with Dan and his team, and we look forward to supporting the growth of this platform.”
BPA was acquired through Boyne Capital’s second fund, BCM Fund II LP, which closed in July 2020 at its hard cap with $246 million of capital.
© 2024 Private Equity Professional | August 27, 2024
