FMI Announces Sale of Fidelity Roof Company to Highland Commercial Roofing
FMI Capital Advisors is pleased to announce the sale of Fidelity Roof Company (Fidelity) to Highland Commercial Roofing (Highland), a portfolio company of HCI Equity Partners (HCI). FMI Capital Advisors served as the exclusive sell-side financial advisor to Fidelity for this transaction.
Founded in 1948 and based in Oakland, California, Fidelity is a leading, full-service roofing provider operating in the Northern California Bay Area. The company provides a full suite of roofing and building enclosure services to commercial, industrial and other clients across a variety of end markets. Fidelity also specializes in complex, custom roofing projects, including sheet metal, copper, single-ply and slate roofing systems, and has a reputation for high quality craftmanship and customer service.
“Fidelity has built a strong reputation in the industry for its commitment to superior craftsmanship, exceptional customer service and innovative roofing solutions,” said Rob Keen, president of Highland. “The combination of Fidelity and Highland will enable us to bring new and expanded resources and capabilities to better serve our employees and customers.”
Scott Gibaratz, partner at HCI, said, “We commend the Fidelity team on the stellar business they have built over the past 75 years and are excited by the milestone that this partnership represents in accelerating the growth of Highland, and expanding the platform. We welcome the talented Fidelity team to the platform and look forward to working together to achieve our shared vision for growth.”
Steve Cadet, owner of Fidelity, said, “FMI identified Highland as the best partner to help Fidelity and its shareholders achieve their transaction objectives. The support of the full FMI team played a critical role in structuring the optimal transaction and ultimately getting it closed. We look forward to joining forces with Highland to continue to grow our combined business in the Bay Area.”
About Fidelity Roof Company
Founded in 1948 and based in Oakland California, Fidelity provides a full suite of roofing and building enclosure services to commercial, industrial, and other clients across a variety of end markets for over 75 years. Fidelity also specializes in complex, custom roofing projects, including sheet metal, copper, single-ply, and slate roofing systems, and has an established reputation for high quality craftsmanship and customer service. For more information, please visit www.fidelityroof.com.
About Highland Commercial Roofing
Since 1991, Highland Commercial Roofing has provided exceptional service and asset protection to major corporations and building owners throughout the Southwest. Highland specializes in the installation and maintenance of seamless, energy-efficient "Cool-Roof" systems for commercial, industrial, office, and multi-family properties. For more information, please visit highlandroof.com.
About HCI Equity Partners
HCI Equity Partners is a leading lower-middle market private equity firm focused on partnering with family and founder-owned distribution, manufacturing, and service companies. HCI is headquartered in Washington, DC. For more information, please visit www.hciequity.com.
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit fmicapitaladvisors.com.
FMI Capital Advisors Contact:
Jason Munoz
Managing Director
[email protected]