O'Hara's Son Roofing Expands Presence with Acquisition of CP Rankin

Introduction

The recent acquisition of CP Rankin by O’Hara’s Son Roofing marks a significant development in the roofing industry. This strategic move not only advances O’Hara’s ambitious growth plans but also highlights ongoing consolidation trends within the sector.

Deal Summary

Angeles Equity Partners’ portfolio company, O’Hara’s Son Roofing, has successfully acquired CP Rankin, a well-established commercial roofing contractor recognized for its focus on environmentally sustainable roofing solutions. Founded in 1993, CP Rankin has built a strong reputation in providing quality roofing services in the southeastern United States. This acquisition allows O’Hara’s Son Roofing to broaden its operational footprint and enhance its service offerings across the United States.

John O’Hara, CEO of O’Hara’s Son Roofing, expressed enthusiasm for this development, stating it aligns with their strategic vision to establish a robust national platform. In his own words, the acquisition supports their goal of providing high-quality services while expanding their operational capabilities. Likewise, John Rankin, founder of CP Rankin, conveyed optimism about the prospects of joining forces, emphasizing the potential for both teams to leverage their strengths to deliver exceptional service to their clients.

Industry Context

This deal aligns with significant consolidation trends within the roofing sector, reflecting the broader dynamics of increasing competition and the strategic imperatives for growth. The roofing industry has experienced a surge in acquisitions as companies seek to scale their operations and enhance their service capabilities. Private equity firms are particularly interested in this space, recognizing the opportunity to invest in established companies like O'Hara’s Son Roofing and CP Rankin, that are poised for growth.

Lower Middle Market Roll-Up Perspective

The lower middle market remains an attractive segment for private equity, presenting a fertile ground for roll-up strategies. With many roofing companies operating independently or regionally, private equity buyers are targeting firms with solid reputations and customer loyalty to consolidate operations under a unified brand. This approach not only allows for improved operational efficiencies but also positions the rolled-up entity to compete more effectively against larger players in the market.

Conclusion

The acquisition of CP Rankin by O'Hara's Son Roofing illustrates a key trend in the roofing industry—consolidation driven by the ambition to expand market share and enhance service offerings. For investors and operators in the sector, this transaction serves as a reminder of the ongoing opportunities available within the lower middle market, particularly in fragmented sectors where strategic acquisitions can yield significant growth and operational synergies.