Information on the Target

Latite Roofing & Sheet Metal, founded in 1943, is the premier provider of roofing services in Florida, catering to both commercial and residential clients. With a rich history spanning over 80 years, Latite offers a diverse range of roofing solutions, including re-roofing, repair, and new construction.

Throughout its extensive operations, Latite has successfully undertaken numerous complex and large-scale projects, establishing a strong reputation among property owners and general contractors in the region.

Industry Overview in Florida

The roofing industry in Florida is poised for significant growth, fueled by an increasing demand for re-roofing services and ongoing construction activities across the state. The combination of favorable market conditions, population growth, and an active real estate sector contributes to an optimistic outlook for roofing contractors.

Florida's unique climate creates specific roofing challenges, which in turn drives demand for durable and reliable roofing solutions. As severe weather events become more frequent, property owners are increasingly investing in quality roofing to ensure long-term protection.

Additionally, the state’s regulatory environment promotes safety and compliance in construction, leading to a preference for experienced and reputable companies like Latite. This positions Latite favorably to benefit from ongoing market trends and customer demands.

The Rationale Behind the Deal

Sun Capital Partners’ acquisition of Latite is strategically designed to maximize the company’s growth potential in a flourishing market. By leveraging Sun Capital’s operational expertise and M&A strategy, Latite aims to accelerate its expansion and strengthen its market leadership.

The partnership focuses on enhancing operational efficiencies and exploring new growth avenues alongside Latite’s established brand equity and capabilities in the roofing sector.

Information About the Investor

Sun Capital Partners, Inc. is a well-regarded private investment firm specializing in defensible businesses situated in growing markets. With a dedication to identifying tangible opportunities for performance improvement, Sun Capital has established itself as a key player in the investment community.

The firm’s strategic focus on operational excellence and value addition in service businesses aligns closely with Latite's operational model, making this investment a mutually beneficial endeavor that capitalizes on respective strengths.

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The acquisition of Latite Roofing & Sheet Metal by Sun Capital Partners is an astute investment given the robust growth trajectory of the roofing industry in Florida. The strategic alignment between the investor's operational resources and Latite's established market presence creates a compelling opportunity for accelerated growth.

Furthermore, Latite's extensive experience and reputation for quality service provide a solid foundation for future expansion. Sun Capital’s commitment to enhancing operational efficiencies and exploring innovative service offerings demonstrates a proactive approach to solidifying Latite's market leadership.

In summary, this partnership not only positions Latite favorably within the dynamic Florida building services market but also promises to deliver substantial value for both investors and stakeholders alike. Given Sun Capital's track record and Latite's historical success, the prospects for this collaboration appear highly promising.

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