Strategic Investment by LO3 Capital in Archline Partners
Strategic Investment by LO3 Capital in Archline Service Partners
Today, LO3 Capital, a distinguished private investment firm dedicated to transformative capital solutions for lower-middle market companies, unveiled an important investment focused on Archline Service Partners LLC. This deal involves a senior subordinated debt and equity investment aimed at facilitating Archline's acquisition of Premiere Roofing, LLC, an important step in Archline's growth strategy.
Archline Service Partners, a fast-growing entity in the roofing services sector, operates under the umbrella of Colmont Group. Following Colmont's acquisition of ATD Roofing, the establishment of Archline came to fruition in early 2024. This innovative approach to the industry is centered around executing a roll-up strategy designed to enhance service offerings within both residential and commercial roofing sectors across the nation.
Growth and Expansion Strategy
With its base in Charlotte, Archline has rapidly evolved into a pivotal network of market-leading companies specializing in residential roofing and exterior improvements. The acquisition of Premiere Roofing not only enhances Archline's presence but also propels its ambitious vision of becoming the leading provider in this competitive industry.
Since its inception, LO3 Capital has demonstrated a commitment to investing in companies poised for growth. This latest investment represents the firm’s eleventh since its launch, signaling a continued interest in supporting innovative business strategies in the Southeast. Glenn Harrison, the Managing Partner at LO3 Capital, expressed enthusiasm for this partnership, stating, 'We are thrilled to partner with Colmont and support their impressive expansion in the Southeast region. We precisely aim to aid in their ongoing success.'
Enhancing Service Offerings
Houston Stokes, another Managing Partner at Colmont Group, commented on the alignment between Archline and Premiere Roofing: 'We are excited to welcome Premiere Roofing to the Archline family. This partnership aligns perfectly with our mission of enhancing Archline's best-in-class service offerings while simultaneously expanding its reach to satisfy an ever-growing customer base.'
About LO3 Capital
LO3 Capital prides itself on being a minority-owned private investment firm focused on driving growth for lower-middle market companies. It operates from key locations in Nashville, New York, and Dallas, targeting investments in businesses showing more than $3 million in EBITDA across a diverse array of industries. Their approach includes collaborating with management teams, business owners, and private equity firms, investing in organic growth, strategic acquisitions, recapitalizations, and facilitating smooth ownership transitions.
LO3 Capital, which evolved from a division of Live Oak Growth Capital, plays a pivotal role in managing the associated funds while continuing to promote entrepreneurial progress within the industry. For complete insights into their operations and investment philosophy, simply visit their official website.
Frequently Asked Questions
What is the recent investment LO3 Capital has made?
LO3 Capital has announced an investment involving senior subordinated debt and equity to support Archline Service Partners' acquisition of Premiere Roofing.
Who are the key players in this investment?
The investment involves LO3 Capital, with Glenn Harrison as the Managing Partner and Houston Stokes from Colmont Group commenting on the strategic alignment.
What industries does LO3 Capital focus on?
LO3 Capital primarily targets lower-middle market companies across various industries, particularly those with more than $3 million in EBITDA.
Where is Archline Service Partners based?
Archline Service Partners operates out of Charlotte, North Carolina, providing residential roofing and exterior improvement services.
What is the significance of the acquisition for Archline?
The acquisition of Premiere Roofing enhances Archline's market footprint and reinforces its objective of becoming a leading provider in the roofing services sector.
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