Skyline Roofing Partners acquires Classic Roofing & Construction and John Hogan Roofing to enhance its service offerings and expand its market presence.

Target Company Information

Skyline Roofing Partners ("Skyline"), in conjunction with its financial backer, Imperial Capital, has made significant strides in its strategic growth by acquiring two prominent residential roofing firms: Classic Roofing & Construction ("Classic") and John Hogan Roofing ("Hogan"). The partnership includes Jake Babbitt, the owner of Classic and Hogan, who will maintain a minority stake in Skyline while also contributing to the continued expansion of these well-established brands. Babbitt is set to join the Skyline Founder's Council, further solidifying his role in the company's future endeavors.

Classic, established in 2003, and Hogan, founded in 1996, are esteemed names in the residential roofing sector. Both companies boast a long history of excellence and a strong commitment to quality service, which has fostered their organic growth into leading operators within the regional market. They have earned a loyal customer base on Florida's west coast due to their dedication to exceptional service and reliability.

Industry Overview in Florida

The residential roofing industry in Florida has shown robust growth, driven by a combination of factors including population expansion, rising construction activity, and the necessitated repair of aging infrastruc