Rotunda Capital Partners has acquired Fort Myers, Florida-based Storm Smart, a provider of storm protection products. No financial terms were disclosed. Storm Smart Founder Brian Rist will retain a significant equity stake in Storm Smart and continue to serve on its board of directors while John Boland will remain as CEO.
BETHESDA, Md.–(BUSINESS WIRE)–Rotunda Capital Partners (“Rotunda”), an operationally-focused private equity firm, has acquired a majority stake in Storm Smart (the “Company”), one of the largest vertically integrated direct to consumer marketers, manufacturers and installers of storm protection products in the state of Florida.
Headquartered in Fort Myers, Florida, Storm Smart provides homeowners and businesses with innovative hurricane protection and lifestyle improvement solutions, professional installations, and exceptional customer service. Since their start in 1996, the Company has helped more than 80,000 homeowners increase the value of their property by making their homes both safer from storms and more energy efficient.
“Storm Smart has been the leader in their category for the past 25 years,” said Bob Wickham, partner with Rotunda. “They have revolutionized the storm protection industry through the development of innovative products and a history of consistently providing outstanding service. We are excited to partner with them in their next stage of growth.”
Storm Smart Founder Brian Rist will retain a significant equity interest in the Company and continue to serve on its board of directors. John Boland will remain as CEO.
“This is a tremendous outcome for Storm Smart’s more than 250 employees who have been the real success of the business,” said Rist. “I believe with Rotunda’s partnership, we will be able to accelerate our expansion into new markets while retaining the strong, customer-focused culture Storm Smart is known for.”
About Storm Smart
Storm Smart’s innovative products have launched the company to become the largest direct to consumer marketer, manufacturer and installer of code-approved hurricane protection products in Florida, with more than 80,000 customers in Florida, the Caribbean, Mexico and Guam, since opening its doors in Fort Myers in 1996. The company has a long list of accomplishments, including being named 2016 Distributor of the Year and 2015 Manufacturer of the Year, both by the Southwest Regional Manufacturers Association, as well as Nonprofit Business Partner of the Year by the Cape Coral Community Foundation.
Storm Smart is headquartered at its three-building campus in Fort Myers, FL. The company also has two showrooms in Southwest Florida, located at 11040 Plantation Road in Fort Myers, and in Naples at 2400 Vanderbilt Beach Road, Unit 102. For more, visit www.stormsmart.com.
About Rotunda Capital Partners
Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies. Rotunda partners with management to build data-driven growth platforms within its targeted sectors, including value-added distribution, asset light logistics and industrial/business services. Founded in 2009, the firm has a long history of helping management teams achieve their goals for growth. The Rotunda team actively provides guidance and draws on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. For more, visit www.rotundacapital.com.