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May 19, 2023D & D Roofing Acquired by Bell Roofing in Strategic Merger - citybuzz
In a notable development for the roofing industry in the southeastern United States, Benchmark International has successfully brokered the acquisition of D & D Roofing, Inc. by Bell Roofing. This transaction brings together two well-established companies in the commercial roofing sector, potentially reshaping the competitive landscape in the region.
D & D Roofing, based in LaGrange, Georgia, has been a fixture in the commercial roofing and sheet metal fabrication industry since its founding as Dougherty Roofing in 1957. The company has built a strong reputation for providing high-quality thermoplastic polyolefin (TPO) systems and sheet metal products, including gutters, downspouts, copings, and flashings. Over its six-decade history, D & D has cultivated lasting relationships with commercial building owners and general contractors in East Central Alabama and West Central Georgia.
The acquiring company, Bell Roofing, brings its own impressive credentials to the merger. Founded in 1986 and headquartered in Atlanta, Georgia, Bell Roofing has established itself as a leader in both residential and commercial roofing services. The company’s residential division boasts over 8,000 installations and holds the prestigious GAF Master Elite Contractor certification. On the commercial side, Bell Roofing is recognized as a GAF Commercial Master Select Contractor and GAF Certified Maintenance Professional.
This acquisition is significant for several reasons. First, it represents a consolidation of expertise and resources in the commercial roofing sector. D & D Roofing’s long-standing presence in its local market, combined with Bell Roofing’s broader range of services and certifications, creates a powerhouse in the industry. This merger has the potential to expand service offerings and geographical reach for both entities.
Furthermore, the transaction highlights the ongoing trend of strategic acquisitions in the construction and home services industries. As larger companies seek to expand their market share and capabilities, well-established local businesses like D & D Roofing become attractive targets. This trend can lead to improved efficiencies, broader service offerings, and potentially better value for customers.
William Sullivan, Senior Transaction Director at Benchmark International, commented on the strategic fit of this acquisition: ‘D & D Roofing’s leaders, Troy Karr and David Dougherty, built a dynamo of a company that became a long-term fixture and trusted partner in his home market. The size and geographic footprint of this opportunity made D & D an obvious fit for a great regional strategic buyer. We believe Mr. Karr and his team found a great home with standout regional partner, Bell Roofing.’
The implications of this merger extend beyond the immediate parties involved. For commercial building owners and general contractors in the region, this acquisition could mean access to a wider range of services and expertise. It may also signal increased competition in the market, potentially driving innovation and service quality improvements across the industry.
As the roofing industry continues to evolve, with new technologies and materials constantly emerging, consolidations like this one may become more common. Companies that can offer a comprehensive suite of services, from traditional roofing to advanced TPO systems and custom sheet metal fabrication, are likely to have a competitive edge in the market.
The successful facilitation of this transaction by Benchmark International underscores the firm’s expertise in the M&A space, particularly in matching companies for strategic growth. With over $11 billion in transaction value handled across various industries, Benchmark International continues to play a crucial role in shaping the business landscape through strategic mergers and acquisitions.
As the dust settles on this acquisition, industry observers will be watching closely to see how the combined strengths of D & D Roofing and Bell Roofing translate into market performance and customer service enhancements. This merger has the potential to set new standards in the commercial roofing sector and may inspire similar strategic moves among competitors in the southeastern United States and beyond.
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