Core Roofing Systems Announces Partnership with PB Roofing
Alpharetta, GA – June 20, 2024 – Core Roofing Systems, LLC (“Core Roofing Systems” or “Core”), a leading provider of commercial re-roofing, maintenance, repair, and inspection services, has partnered with Peck Brothers, LLC (“PB Roofing”). Headquartered in Elmwood Park, NJ, and founded in 2007, PB Roofing is a leading provider of commercial re-roofing, repair and roof inspections to commercial and industrial customers primarily throughout the Northeast and Mid-Atlantic. With a 17-year history and respected brand and reputation, PB Roofing has successfully positioned itself as one of the leading commercial roofing service providers in the Northeast and Mid-Atlantic. This represents Core’s second acquisition since partnering with Shoreline Equity Partners in November 2022. The partnership with PB Roofing extends Core’s footprint into the Northeast and Mid-Atlantic and highlights the platform’s aggressive growth strategy to continue building a leading national commercial roofing services provider. The PB Roofing 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.
John Peck, CEO and Co-Founder of PB Roofing, said, “Joining forces with Core marks an exciting chapter in our company’s history. We couldn’t be more excited to partner with Dusty and the rest of the Core team to continue the platform’s exciting path forward.”
Bryan Peck, Co-Founder of PB Roofing, said, “We could not be more thrilled to join the Core family. This partnership not only validates the hard work and dedication of our team, but also presents an incredible opportunity to accelerate our growth.”
Dusty DeVore, Founder and CEO of Core Roofing Systems, said, “John and Bryan Peck have built an incredible business with a great reputation for delivering exceptional roofing services across the Northeast and Mid-Atlantic. Core and PB Roofing’s alignment of both business philosophy and culture was evident from our first conversation and we knew they would be a great fit for Core. We are grateful to be able to partner with their team and look forward to accelerating the platform’s growth together.”
Harvey & Co represented Shoreline Equity Partners and Core Roofing Systems 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 PB Roofing
Founded in 2007 and headquartered in Elmwood Park, NJ, PB Roofing is a leading provider of commercial roofing solutions including re-roofing, maintenance, repair and roof inspections. With over 45 employees, PB Roofing serves a diversified customer base primarily throughout the Northeast and Mid-Atlantic. For more information, please visit pbroofingco.com.
About Shoreline Equity Partners
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.