Florida Roofing Industry Transformation
On January 8, Sun Capital Partners announced its acquisition of Latite Roofing & Sheet Metal, strengthening its position in Florida’s building services sector. Established in 1943, Latite Roofing has been a leading provider in the state for over 80 years. This partnership is expected to enhance Latite’s operational capabilities and expand its services at a time when the demand for roofing is rising. Sun Capital, with an impressive portfolio, brings valuable resources that could accelerate growth in Florida’s roofing market.
Boca Raton, Florida — On January 8, the private equity firm Sun Capital Partners made headlines with its latest acquisition: the well-established Latite Roofing & Sheet Metal. With this significant move, Sun Capital is set to strengthen its foothold in Florida’s building services market. While the exact price of the acquisition remains under wraps, the implications of this partnership are sure to be noteworthy.
Founded way back in 1943, Latite Roofing has built a solid reputation over its impressive 80 years of service, establishing itself as one of the most prominent roofing service providers in the Sunshine State. Whether it’s top-notch roofing for residential homes or commercial properties, Latite has been a go-to choice for countless Floridians.
With Matthew Joblove taking the helm at Sun Capital, excitement is palpable regarding the potential for Latite’s growth under this partnership. The roofing industry in Florida has been heating up with an increase in demand for re-roofing and ongoing construction activities, positioning Latite to thrive amid this bustling market.
For Latite Roofing, this acquisition is nothing short of a watershed moment. The leadership at Latite views the operational expertise offered by Sun Capital as a perfect match for their long-standing tradition of quality service. This collaboration hints at enhanced performance and possibly new offerings to meet the evolving needs of Florida’s construction landscape.
Sun Capital Partners is no stranger to growing businesses. With a portfolio of over 40 companies across various sectors—including food, consumer goods, industrial distribution, business services, and healthcare—Sun Capital has amassed a remarkable $6.6 billion in assets since its founding in 1995. Co-founders Marc J. Leder and Rodger Krouse, both seasoned executives from Lehman Brothers, have guided the firm towards impressive growth, supporting over 540 companies and generating combined revenues surpassing $50 billion while employing some 28,000 staff globally.
The roofing sector in Florida is poised for significant opportunities, especially with a strong demand for re-roofing projects as many homes and businesses look to upgrade their roofs. The recent acquisition by Sun Capital may bring additional resources and expertise to Latite, ensuring that they remain at the forefront of this growing industry.
As Latite Roofing prepares to embark on this new chapter under the Sun Capital umbrella, Florida residents can expect continued dedication to quality and service. The merger heralds a bright future not only for Latite but for the broader roofing industry in the state.
In the hustle and bustle of Boca Raton and beyond, the roofing landscape is set for a transformation, and this acquisition may just be the spark that leads to even greater innovation and success in Florida’s building services market.
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