Halmos Capital Partners, a private equity firm focused on lower middle-market companies, has acquired Northpoint Roofing Systems, a provider of roof repair and replacement services for single-family and multifamily residential customers.
Northpoint serves the residential customers of the greater Atlanta metropolitan area. The company offers services to proprerties that have been damaged by hail or wind and require specialized experience when navigating the insurance reimbursement process. Northpoint also serves customers replacing their roofs without insurance assistance as well as those with solar and guttar installation needs.The deal looks to support Halmos’ growth and expansion into new markets. NewSpring, a family of private equity strategies, invested subordinated debt and equity to support the transaction.
“Access to their collective resources and experience scaling lower middle-market businesses will position the company for this next phase and allow us to capitalize on opportunities we see in the market,” states Keith Priddy, co-founder of Northpoint. “Combined with the intellectual and financial capital provided by NewSpring, we’ve built an excellent foundation on which we can continue our rapid growth.”