Georgia-based Northpoint Roofing Systems, a Halmos Capital Partners and NewSpring portfolio company, is expanding its service area with the acquisition of Rising Star Roofing.
Founded by Christopher Soverns in 2007, Rising Star is a leading provider of residential roof and chimney replacement and repair services. The business is headquartered in South Windsor, Conn., with additional locations in Bonita Springs, Fla. Rising Star has been family owned and operated with a mission to provide customers with high-qualityy service, materials, and craftmanship in its Connecticut and Florida markets.
"We welcome the addition of Rising Star to the Northpoint team. Rising Star brings the superior quality, professionalism, and experience that Northpoint Roofing Systems represents. Increasing our network of locations continues our vision to help further assist communities and reinvent the roofing industry," said Patrick Maginn, CEO of Northpoint, in a statement.
According to a release from Northpoint, the Rising Star purchase is an "important step in the execution" of Northpoint's business strategy to build a residential roofing service company with a broad network across the United States.
"Our customers know they can rely on Rising Star to provide the solutions they need with the utmost commitment to their satisfaction," said Chris Soverns, owner of Rising Star Roofing. "Without a doubt, we know that this partnership will allow Rising Star to continue exceeding customer expectations in quality and overall experience."
Halmos Capital Partners, a private equity firm focused on lower middle-market companies, partnered with Northpoint Roofing Systems to support its growth and expansion into new markets. Northpoint previously acquired Master Roofers, located in Manchester, N.H., in February.
