Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Angeles Equity Partners Acquires O’Hara’s Son Roofing

Next Growth Phase Begins for One of the Nation’s Largest Commercial Roofers

An affiliate of Angeles Equity Partners, LLC (“Angeles”), a private investment firm that partners with niche manufacturing, critical industrial services, and specialty distribution businesses in an effort to realize their full potential, has acquired O’Hara’s Son Roofing (“OSR”), a national commercial and industrial roofing provider headquartered in Chicago, IL with regional service operations centers in Florida, New Jersey, and Texas. Established in 1987, OSR ranks among the Top 20 Roofing Contractors in the country and is registered and licensed in 48 states.

“We have been actively seeking our next scaled platform that can benefit from Angeles’ deep expertise and past track record within building services. OSR presented a compelling opportunity in a highly fragmented industry to acquire one of the largest providers of commercial roofing services participating in all phases of the roofing life cycle,” said Sam Heischuber, managing director at Angeles Equity Partners. “We are excited to partner with OSR’s leadership team and support their continued success.”

We are energized by the prospects for the commercial roofing sector supported by the compelling macro tailwinds of nearshoring, infrastructure investment, and resurgent domestic manufacturing,” said Adam Lerner, operating partner at Angeles Operations Group. “OSR’s track record of organic growth, its scalable business model, and reputation for best-in-class quality, positions it well for continued growth across a diverse set of end markets.”

Angeles’ investment in OSR originated from its thematic investment focus on differentiated building service providers. OSR is well positioned to capitalize on the continued build-out of the domestic manufacturing economy as one of the few national players of scale. Angeles has partnered with OSR CEO Luke Coleman to grow the business while continuing to provide high-quality service, materials, and workmanship. Coleman will continue to lead the business alongside the existing management team as they build on OSR’s 37-year reputation as one of the nation’s largest commercial roofing companies.

“Finding a partner who fully embraced our value proposition, customer-first approach to the market, and the tremendous opportunity we see across the roofing life cycle was paramount; we are thrilled to have found that within Angeles,” said Coleman. “Working together, we will add to our capabilities while rapidly expanding our services and maintenance offerings alongside our customers' nationwide re-roofing and new construction needs.”

Simpson Thacher & Bartlett LLP served as legal counsel to Angeles Equity Partners, LLC. Citizens M&A Advisory and Lincoln International LLC served as buy-side financial co-advisors. Autobahn Consultants served as seller’s advisor. The terms of the transaction were not disclosed.

About O’Hara’s Son Roofing

Since 1987, O’Hara’s Son Roofing (OSR) has provided new commercial roof construction, commercial roof replacement, commercial leak repair service, and preventative maintenance for commercial roofs. Today, OSR ranks among the Top 20 Roofing Contractors in the country and is licensed and registered in 48 states. For more information on OSR’s offerings, visit www.oharasson.com.

About Angeles Equity Partners, LLC

Angeles Equity Partners, LLC is a Los Angeles-based specialist private investment firm that partners with niche manufacturing, critical industrial services, and specialty distribution businesses in an effort to realize their full potential. Angeles’ deep expertise in operational transformation and strategic repositioning drives the firm’s investment philosophy. Learn more online at www.angelesequity.com.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.