PAX Services Group Enhances Coverage with New Acquisition
PAX Services Group Strengthens Its Market Presence
PAX Services Group, a prominent provider of roofing and exterior services, has recently made significant strides in enhancing its operational capabilities through the acquisition of the Culbertson Company. This strategic move marks a milestone for PAX as it expands its footprint in the commercial roofing and restoration sector within the Mid-Atlantic region.
A Legacy of Quality Craftsmanship
Founded in 1938, Culbertson has established itself as a trusted partner for quality restoration and roofing solutions. The company specializes in various services such as masonry repair, waterproofing, and roofing for a broad client base that includes schools, hospitals, and historical sites. The merger allows PAX to incorporate these exceptional service offerings, aligning perfectly with its mission to provide clients with comprehensive roofing solutions.
Enhancing Services Through Collaboration
Mike Wade, the CEO of PAX, expressed enthusiasm about the acquisition, stating that Culbertson's dedication to quality aligns seamlessly with PAX's core values. He emphasized that this collaboration will allow the companies to deliver innovative and exceptional restoration solutions to a wider audience, ensuring an enhanced level of service for their clients.
Seamless Integration for Clients
Integrating Culbertson into the PAX network is set to bolster operational capabilities and expertise, particularly in managing intricate restoration and roofing projects. Clients from both companies can expect an uninterrupted transition during this integration, allowing ongoing projects to continue without delays.
Expanding Capabilities and Resources
John Bourque, President of Culbertson, shared his thoughts on the partnership, expressing that joining PAX is a pivotal step for the company. With over 85 years of experience, the commitment to quality and client relationships will continue to thrive while leveraging PAX's resources and capabilities for even greater success.
A Vision for Growth
Shaun Vasavada, a Principal at New State Capital Partners, highlighted that each acquisition contributes to expanding PAX's geographic presence and service range. This partnership is viewed as an exciting opportunity to help propel PAX's growth strategy through both organic developments and mergers and acquisitions.
About PAX Services Group
PAX Services Group, formerly known as Patuxent Roofing & Contracting, Inc., is dedicated to delivering comprehensive roofing, waterproofing, and restoration services. The company's focus on serving commercial, institutional, and industrial clients emphasizes its role in maintaining large-scale facilities and critical operations. By offering a continuum of services from emergency repairs to design-build projects, PAX ensures that clients receive precise and effective solutions that protect their buildings comprehensively.
About New State Capital Partners
New State Capital Partners is a private equity firm committed to partnering with independent sponsors and company founders to foster long-lasting value. The firm adopts a collaborative and flexible approach, specifically targeting market-leading middle-market companies that provide essential service-based business models. To date, New State has successfully completed over 45 acquisitions.
Frequently Asked Questions
What is the significance of PAX Services Group's acquisition?
The acquisition of Culbertson Company allows PAX to enhance its service offerings in the commercial roofing and restoration market, solidifying its position in the Mid-Atlantic region.
How has Culbertson been recognized in the industry?
Culbertson has built a robust reputation for quality craftsmanship and specializes in various services such as masonry repair and waterproofing, catering to diverse clients including schools and hospitals.
What impact will this acquisition have on ongoing projects?
Clients can expect a seamless transition during the integration, ensuring that there will be no disruption or delays to ongoing projects.
How does PAX Services Group ensure top-tier service?
PAX emphasizes a client-first approach and continuously seeks innovative solutions to meet and exceed customer expectations in roofing and restoration services.
What future plans does PAX have for growth?
PAX aims to expand its geographic reach and service range through both organic growth initiatives and further acquisitions, enhancing its capabilities in the industry.
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