PAX Services Group Enhances Reach with Hi-Tech Roofing Deal
PAX Services Group Expands Its Operations with New Acquisition
PAX Services Group, a prominent player in the roofing and exterior services industry, has officially announced its acquisition of Hi-Tech Roofing & Sheet Metal. This strategic move is poised to enhance PAX's operational footprint and reinforce its commitment to offering exceptional services.
A New Partnership in Roofing Services
With its base of operations in South Florida, Hi-Tech Roofing & Sheet Metal has established a strong reputation for delivering high-quality roofing solutions. Under the steady leadership of owner Mike Daley, Hi-Tech's team will remain integrated within the larger framework of PAX, ensuring continuity for existing customers and services.
Strengthening Presence in the Southeast Region
This acquisition represents PAX's continued expansion into the Southeast, having previously launched a greenfield office in Pompano Beach. The company's leadership, including CEO Mike Wade, expressed enthusiasm about integrating Hi-Tech's offerings, stating that this partnership perfectly aligns with PAX's values of quality and innovation.
Enhancing Customer Experiences
The integration of Hi-Tech’s resources into PAX will enable the company to broaden its service offerings across the entire building envelope. Clients will benefit from a more extensive range of solutions, all executed to the highest industry standards. Hi-Tech's existing clientele can expect a seamless transition, with ongoing support from their long-standing project managers and staff.
A Foundation Built on Relationships
Mike Daley has expressed his excitement about the merger, noting that Hi-Tech has always prioritized building relationships with clients, suppliers, and the local community. This new partnership is seen as a significant opportunity to continue fostering these connections while pursuing growth together.
Strategic Goals and Future Expansion
The acquisition marks a pivotal moment in PAX's strategic growth as it seeks to solidify its position as a leader in exterior services across a wider geographical area. Shaun Vasavada, a Principal at New State Capital Partners, commented on the importance of this acquisition for both PAX and its clients, highlighting the company's ambition to be a premier player in the market.
Commitment to Quality and Service
PAX is committed to maintaining the high standards that both it and Hi-Tech are known for. The firm’s successful history of partnerships combined with Hi-Tech's established practices indicates a powerful collaborative future ahead.
About PAX Services Group
PAX Services Group, formerly known as Patuxent Roofing & Contracting, Inc., provides an array of roofing, waterproofing, and restoration services tailored for commercial and industrial clients. The company focuses on maintaining operational efficiency through minimal disruption to its clients’ activities.
About New State Capital Partners
New State Capital Partners is an entrepreneurial-focused private equity firm dedicated to long-term partnerships that create sustainable value. They've been active in the acquisition space, with over 45 successful investments aimed at market-leading firms.
Frequently Asked Questions
What services does PAX Services Group provide?
PAX Services Group specializes in roofing, waterproofing, and restoration services aimed at commercial and industrial clients.
Who is the owner of Hi-Tech Roofing & Sheet Metal?
The owner of Hi-Tech Roofing & Sheet Metal is Mike Daley, who will continue to lead the company under PAX Services Group.
Where is PAX Services Group's headquarters?
PAX Services Group is based in Millersville, Maryland, with expanded operations in South Florida.
What is the goal of PAX Services Group with this acquisition?
The goal is to enhance service offerings and solidify PAX's position as a leading provider of exterior services across the Southeastern United States.
How will current Hi-Tech customers be affected by this acquisition?
Current Hi-Tech customers can anticipate a smooth transition, continuing to receive support from familiar professionals they trust.
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