Confluence Point Expands Its Portfolio with Perry's Roofing
Strategic Acquisition and Launch of Eastern Exterior Partners
Confluence Point Holdings, an investment firm based in Greenwich, has made a significant move in the home services sector by acquiring Perry's Roofing. This acquisition marks the beginning of Eastern Exterior Partners (EXP), aiming to establish a leading presence in the residential re-roofing market.
Growth in the Residential Re-roofing Sector
Perry's Roofing is renowned for delivering quality roofing and exterior services to residential clients. The company operates primarily in New York, Connecticut, and New Jersey. With an impressive track record and strong regional reputation, Perry's has received the prestigious 3-Star President's Club designation from GAF, positioning it in the top 1% of roofing contractors in the country.
Now, with the formation of Eastern Exterior Partners, the goal is to build upon this legacy, focusing on excellence in customer satisfaction and service delivery. The management team from Perry's will continue to lead under the EXP banner, ensuring that local relationships and industry expertise are maintained.
A Vision for Expansion
Perry Verrone, the founder of Perry's Roofing, expressed excitement about partnering with Confluence Point. Emphasizing the firm’s coordinated approach to growth, Verrone noted that together they aspire to become a leading player in the exterior home services market in the Northeast. This partnership aligns well with the vision of Confluence Point's leaders, who are committed to empowering local brands while maintaining high operational standards.
Future Plans for Eastern Exterior Partners
Doug Behrman, Co-Founder and Managing Partner of Confluence Point, highlighted Perry's proven capabilities and readiness for expansion. Eastern Exterior Partners is poised to pursue above-market growth through strategic acquisitions and organic development, leveraging an aging housing stock in their target areas. As they venture into this fragmented market, the commitment to quality and local service is fundamental.
Impact of the Acquisition on Local Services
The acquisition is about more than just business growth; it is about enhancing services for existing and new customers. Eastern Exterior Partners aims to centralize back-office functions, which will allow local operators to focus on what they do best—delivering top-notch exterior services to homeowners.
Future Outlook and Commitment
As Eastern Exterior Partners begins its journey, its mission will be to collaborate with established local brands. The focus will be on creating a shared service model that enhances growth potential while maintaining the integrity of the brands involved. By focusing on the weathered housing structures in their market, they anticipate a strong demand for roofing repair and replacement services.
About Confluence Point Holdings
Confluence Point Holdings is an independent investment firm centered on essential services companies operating in the lower middle market. Founded by Doug Behrman and Alex Kerr, the firm is keen on investing in businesses that represent significant growth opportunities and are typically generating between $1 million and $7 million in EBITDA.
Contact Information
For inquiries regarding this acquisition or Eastern Exterior Partners, please reach out to Doug Behrman or Alex Kerr, co-founders of Confluence Point Holdings. They are looking forward to driving growth and enhancing service offerings in the residential roofing market.
Frequently Asked Questions
What is the significance of Eastern Exterior Partners?
Eastern Exterior Partners represents a strategic initiative to create a leading platform for exterior home services, primarily focusing on roofing.
Who are the key figures in this acquisition?
The acquisition features leadership from Confluence Point, including Doug Behrman, Alex Kerr, and Perry Verrone, founder of Perry's Roofing.
What is the target market for EXP?
Eastern Exterior Partners will primarily focus on the residential re-roofing market in the Northeast and Mid-Atlantic regions.
How will EXP support its local partners?
EXP aims to centralize key functions like finance and marketing, allowing its local partners to concentrate on service delivery and customer satisfaction.
What are the future plans for Eastern Exterior Partners?
EXP plans to expand its footprint through acquisitions and organic growth while maintaining a focus on quality and service excellence.
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