Highland Commercial Roofing Acquires Fidelity Roof Company

HCI Equity Partners helps continue growth for commercial, industrial, office, and multi-family roofing concern

Highland Commercial Roofing (service van pictured) has acquired Fidelity Roof Company of Oakland, Calif.

HCI Equity Partners, the private equity investor helping fuel Highland Commercial Roofing’s growth, is a leading lower-middle market private equity firm focused on partnering with family and founder-owned distribution, manufacturing, and service companies. Highland is a regional provider with offices located across California, Arizona, Nevada, Utah, Oregon and Washington State. HCI is headquartered in Washington, DC.

— Image courtesy of Yelp; Bryan Gottlieb for Roofing Contractor

Highland Commercial Roofing, a commercial roofing service provider and portfolio company of private equity firm HCI Equity Partners, announced last Thursday that it has acquired Fidelity Roof Company, a full-service roofing provider operating in the Bay Area of Northern California.

The April 11 news release said this was Highland's second acquisition since HCI's initial platform investment. Financial terms of the acquisition were not disclosed.

Based in Oakland, Calif., Fidelity Roof, founded in 1948, provides a full suite of roofing and building enclosure services to commercial, industrial, and other clients across various end markets. Fidelity specializes in complex, custom roofing projects, including sheet metal, copper, single-ply, and slate roofing systems. Highland said its new pickup has an established reputation for “high-quality craftsmanship” and customer service.

"Fidelity has built a strong reputation in the industry for its commitment to superior craftsmanship, exceptional customer service and innovative roofing solutions," said Rob Keen, president of Highland Commercial Roofing. "The combination of Fidelity and Highland will enable us to bring new and expanded resources and capabilities to better serve our employees and customers."

Cruz-Abrams Seigel LLC served as legal counsel to Highland. TPG Twin Brook Capital Partners provided financing to support the investment. FMI Capital Partners advised Fidelity Roof Company, with Donahue Fitzgerald, LLP, serving as legal counsel.

Scott Gibaratz, partner at HCI, said, "We commend the Fidelity team on the stellar business they have built over the past 75 years, and are excited by the milestone that this partnership represents in accelerating the growth of Highland, and expanding the platform. We welcome the talented Fidelity team to the platform and look forward to working together to achieve our shared vision for growth."

For more information, visit highlandroof.com.