Monument MicroCap Partners LLC has recapitalized Bonita Springs, Florida-based Kelly Roofing Holdings LLC, which installs replacement residential and commercial roofing systems and repairs existing roofs. No financial terms were disclosed.
Indianapolis, IN. Monument MicroCap Partners, LLC (“Monument”), an Indianapolis-based private equity firm, announced today that on September 25, 2020 it closed a recapitalization transaction with Kelly Roofing Holdings, LLC (“Kelly Roofing” or “the Company”). Based in Bonita Springs, Florida and founded in 1972, Kelly Roofing installs replacement residential and commercial roofing systems, and repairs existing roofs in Florida. Kelly Roofing’s services include roof replacement, roof repair, accessories (gutters, skylights, roof cleaning, etc.), inspection and insurance claims, and emergency repair work.
“We are very excited to be partnering with Monument on this next phase of Kelly Roofing’s history and growth plan”, said Ken Kelly, President of the Company. “Kelly Roofing has been a part of the Florida community for almost 50 years and we are committed to continuing to provide our customers with world-class roofing services. Monument will provide us with strategic support and capital to continue expanding our service offering and geographic reach throughout Florida. We also look forward to joining forces with other like-minded, high-quality roofers as we seek to grow and expand through add-on acquisitions. Kelly Roofing and Monument share the same cultural values and vision for the future of Kelly Roofing, its customers, and its employees”.
Bob Erwin, CEO of Monument, said “Ken Kelly and his talented management team have built an outstanding business and have remained one of the pillars of the Florida roofing community for almost half a century. The Company’s longevity and outstanding reputation are very strong differentiators for Kelly Roofing in its market. We look forward to working with Ken and his team as we collectively seek to grow and expand our reach throughout Florida and in adjacent states”.
About Monument MicroCap Partners, LLC
Monument is an Indianapolis-based private equity firm focused on investments in North American businesses with EBITDA of $1-5 million. Monument and its five partners bring over 200 years of collective experience acquiring, capitalizing, and building small businesses. Monument seeks to partner with honest, hard-working, and talented management teams across a wide variety of industries, including niche manufacturing, business services and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.