Legacy Restoration, a provider of exterior restoration and remodeling services and a portfolio company of Bessemer Investors, has merged with Janney Construction, an Orlando-based construction company focused on roofing.
Janney is a provider of exterior restoration and remodeling services serving Orlando, Tampa, central Florida, northern Florida and southwestern Florida. The merger represents the expansion of Legacy Restoration, both geographically and into retail-based re-roofing. Janney’s management team, including CEO Derek Janney, will continue to lead the company under the Janney brand.
“We are excited to welcome Derek and the Janney team, along with Janney’s retail expertise and marketing capabilities, to Legacy,” comments Scott Mullins, CEO of Legacy. “The addition of Janney allows us to extend our geographic footprint into the southeast with one of the highest-rated roofing organizations in the country. This is an important next step in Legacy and Bessemer’s joint goal of building the largest and highest performing exterior restoration business in the country.”
“Building Janney Roofing has been the highlight of my professional life thus far,” says Janney. “Legacy will open us up to a broader range of products and trades, and together we will be able to expand into new service areas without losing the distinctiveness that has made us a favorite in Florida. I am excited about our future together and look forward to changing our world, one roof at a time.”
Tree Line Capital Partners and Bridge Bank, a division of Western Alliance Bank, provided debt financing for the transaction.