LightBay Capital and Freeman Spogli & Co., two private equity firms, have partnered to purchase Infinity Home Services, a provider of residential roofing replacement and other exterior home services.

Founded in 1997 and headquartered in New Berlin, Wis., Infinity also partners with local businesses to help them drive growth through technology, marketing and other organic growth strategies. The investment from LightBay and Freeman Spogli aims to allow Infinity to drive its organic growth, add more businesses to the company through acquisition and invest in additional platform capabilities. Infinity’s founder and CEO, Josh Sparks, and the current management team will continue to lead the company. The company’s existing investor, North Branch Capital, will remain a significant shareholder alongside LightBay and Freeman Spogli.

“We are excited to partner with the teams at LightBay and Freeman Spogli. This partnership will allow us to leverage their combined financial and operational capabilities and expertise,” says Sparks. “Since day one, Infinity has been dedicated to an employee-centric, high integrity, and customer-focused culture. LightBay and Freeman Spogli share in our mission and values and bring a track record of success in scaling high-growth, acquisitive companies.”

Cowen Inc. served as the financial advisor and Katten Muchin Rosenman LLP provided legal counsel to Infinity and North Branch in connection with the transaction. Kirkland & Ellis LLP provided legal counsel to LightBay and Freeman Spogli.