Calidant Capital has made an undisclosed investment in Aracadia Roofing Company, a commercial and industrial roofing contractor serving the Texas market. No financial terms were disclosed. Texas Capital Bank provided the credit facilities for the transaction while Cordatus Capital led several family offices and individuals in providing the equity. Roetzel & Andress served as legal counsel for Calidant.
DALLAS–(BUSINESS WIRE)–Shareholder David Emerson and President Robert Feille announce the strategic partnership of Arcadia Roofing Company, LLC with Dallas-based private equity firm Calidant Capital. The partnership was finalized on March 23rd, and provides Arcadia with augmented capital resources, strategic guidance, and business opportunities to drive accelerated growth for the company. In consummating the partnership with Arcadia Roofing, Calidant utilized Texas Capital Bank for credit facilities, and its equity partners include several high-net-worth family offices and individuals led by Cordatus Capital. Calidant’s legal counsel on the transaction was Roetzel & Andress, and Riveron Consulting led financial due diligence support.
Arcadia Roofing, LLC, initially founded as AA Applicators, Inc., is a leading full service commercial and industrial roofing contractor serving the Texas market and beyond since 1979. Arcadia specializes in large and/or complex replacement installations of virtually every application type, and also provides leak detection and various building envelope services to its customer base.
“Our team aspires to build Arcadia into Dallas’ leading commercial roofing contractor, and our partnership with Calidant is a key element of that plan. Calidant’s strategic guidance, customer relationships, and financial support will turbo-charge our growth plan and help us reach the next level of performance in short order,” said David Emerson.
Recently-hired President Robert Feille added, “I am excited to work with Calidant to take advantage of their extensive experience helping companies like ours reach operational excellence. Their focus on building strong partnerships makes a big difference in how we are approaching Arcadia’s strategy moving ahead, and the entire company is excited about growing the business together as a team.”
Calidant Capital is a Texas-based private equity firm that focuses on investing with lower middle market companies, primarily with $3-12MM in EBITDA, providing the capital and strategic resources needed to build great companies that achieve above-average outcomes. Its principals have long-standing relationships with institutional funds, family offices, high net worth individuals, and debt providers with whom it selectively partners to drive value in companies it invests with. Calidant emphasizes bringing operational resources to its investments, and elects to focus on transaction opportunities with which its principals have successful prior experience.
“Calidant is excited to partner with Robert, David, and the rest of the Arcadia Roofing team in helping them drive this exceptional company to even greater heights. Arcadia has built a stellar reputation for delivering exceptional quality over its 38-year history, and our aim is to build upon its fundamental drivers of success,” stated Drew Bagot, Managing Partner of Calidant Capital.
“As with all of our partnerships, the people we work with make all the difference in creating value, and we are proud to have the Arcadia team as our partners for many years to come,” said David Lai, Managing Partner of Calidant Capital.
For more information on Arcadia Roofing, please visit www.ArcadiaRoofing.com
For more information on Calidant Capital, please visit www.CalidantCapital.com