Alpharetta, Georgia – September 8, 2023 – Core Roofing Systems, LLC (“Core Roofing Systems” or “Core”), a leading provider of commercial re-roofing, maintenance, repair, inspection, and new roofing systems, has partnered with McCurdy-Walden, Inc. Headquartered in Jacksonville, FL, and founded in 1986, McCurdy-Walden is a leading provider of commercial re-roofing, repair, inspection, and waterproofing solutions to commercial and industrial customers primarily throughout the Greater Jacksonville area. With a 37+ year history and respected brand and reputation, McCurdy-Walden has successfully positioned itself as one of the leading commercial roofing service providers in the North Florida region. This represents Core’s first acquisition since partnering with Shoreline Equity Partners in November 2022. The partnership with McCurdy-Walden expands Core’s presence within Florida and highlights the platform’s aggressive growth strategy to continue building a leading commercial roofing services provider across the Southeast and nationally. The McCurdy-Walden management team reinvested a significant portion of their proceeds as part of the transaction and will continue to lead the business going forward as a regional sub-platform within Core.

Mark Walden, President of McCurdy-Walden, said, “We could not be more thrilled to partner with Core. We are excited to leverage the platform’s resources and capabilities to further accelerate McCurdy-Walden’s growth and presence throughout North Florida, all while continuing to deliver the highest-quality services to our customers.”¹

Jonathan Walden, Chief Operating Officer of McCurdy-Walden, said, “It was incredibly important that we found a partner that aligned with our core values, and we knew from the start that Core shared those same values. We couldn’t be more excited to join forces with Dusty and the rest of the Core team to continue the platform’s exciting path forward.”²

Dusty DeVore, Founder and CEO of Core Roofing Systems, said, “McCurdy Walden has a great reputation for delivering exceptional service that is respected and recognized across the state of Florida. It was clear from our first conversation with Mark and Jonathan that they would be a great fit with Core due to the quality of the business and its people. We are grateful to be able to partner with their team and look forward to accelerating the platform’s growth together.”³

Heritage Capital Group served as the exclusive financial advisor to McCurdy-Walden on the transaction.

About Core Roofing Systems

Founded in 2002 and headquartered in Alpharetta, GA, Core Roofing Systems is a leading provider of commercial roofing solutions including re-roofing, maintenance, repair, inspection, and new roofing systems. With over 180 employees and offices in Georgia and Florida, Core serves a diversified customer base across the Southeast, including commercial and industrial property owners, property management companies, REITs, and municipalities, among others. For more information, please visit www.coreroofing.net.

About McCurdy-Walden

Founded in 1986 and headquartered in Jacksonville, FL, McCurdy-Walden is a leading provider of commercial roofing solutions including re-roofing, maintenance, repair, inspection, and waterproofing. With over 40 employees, McCurdy-Walden serves a diversified customer base primarily throughout the Greater Jacksonville area. For more information, please visit www.mccurdywalden.com.

About Shoreline

Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams. Shoreline follows a total stakeholder model, meaning success should be a “win-win” proposition for shareholders, employees, customers, vendors, and the communities within which the firm’s companies operate. Shoreline professionals believe in honesty, incentive alignment, and creating bigger, better businesses without relying on financial engineering or cost cutting to generate returns. With over $750 million of committed capital under management, Shoreline seeks to lead equity investments of up to $150 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $50 million to $350 million and EBITDA of $5 million to $25 million. The firm strives to partner with management teams of businesses primarily within the specialized manufacturing, value-added distribution, and business and facility services sectors, among others. For more information, please visit www.shorelineequitypartners.com.

1-Mr. Mark Walden is not an investor in any of Shoreline Equity Partners’ investment funds.

2-Mr. Jonathan Walden is not an investor in any of Shoreline Equity Partners’ investment funds.

3-Mr. DeVore is an investor in one or more of Shoreline Equity Partners’ investment funds and serves as an executive at one of its portfolio companies.