Rotunda Capital Partners, an operationally-focused private equity firm, has acquired a majority stake in Storm Smart, a direct-to-consumer marketer, manufacturer and installer of storm protection products in the state of Florida.
“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.”