Proceeds from the refinancing will be used to repay Tecta's existing Second Lien Term Loan, to pre-fund acquisitions under letters of intent and for general corporate purposes.
Residential and commercial roofing firms enjoyed a banner year in 2022, as reflected in RC's 2023 Top 100 List, including Tecta America and CentiMark Corporation, which each reported record revenues; other entrants made their presence known quickly courtesy of private equity, including Erie Home and Infinity Home Services.
Tecta America, a national commercial roofing concern, recently announced the acquisition of a Saltsburg, Pa.-based Tuscano-Maher Roofing, which serves the greater Pittsburgh area. Tecta now has a presence in more than 90 markets nationwide.
Mahaney Group, formerly Mahaney Roofing, has served the greater Wichita, Kan., metro area since 1888 with new roofing, reroofing and other construction services.
T. Allen Lancaster Jr., vice president of Metalcrafts, a Tecta America Company LLC, Savannah, Ga., is the 75th recipient of its annual J.A. Piper Award.
The Roofing Alliance proudly announces this year's winners of the Most Valuable Player Awards, Best of the Best Award, Gold Circle Awards and Student Competition winners.