RCap Equity Partners Invests in Northeast Contracting Corp.
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RCap Equity Partners Invests in Northeast Contracting Corp.
RCap Equity Partners, a private equity firm located in the Philadelphia area, has recently made headlines by leading a significant recapitalization of Northeast Contracting Corp. (NECC). This investment marks an important milestone for both parties involved.
Overview of Northeast Contracting Corp. and RCap's Role
Founded in 2002, Northeast Contracting Corp. has established its reputation as a full-service commercial roofing business. Headquartered in Virginia, NECC specializes in a range of services including replacement, maintenance, and new installations. The company has effectively positioned itself in the mid-Atlantic region, serving various end markets such as education, government, multi-family housing, and industrial sectors.
CEO Insights on the Partnership
With excitement over the strategic collaboration, NECC's CEO, Eion Kelley, expressed his enthusiasm, stating, "We are thrilled to partner with RCap. Their support will empower us to further invest in our team, extend our service offerings, and strategically pursue acquisitions." This strong vision indicates a commitment to growth and excellence in service delivery.
Comments from RCap Equity Partners
Matthew Raymon, a partner at RCap, also shared his thoughts on the partnership. He emphasized the firm's intention to work closely with the NECC team. "We look forward to collaborating with the NECC team and supporting their continued success. This is an exciting time in the commercial roofing industry, and NECC has built a best-in-class operation," he stated. Such remarks underline RCap's commitment to fueling NECC's ambitions for expansion.
About RCap Equity Partners
RCap Equity is dedicated to investing in lower middle-market companies, offering control equity investments tailored to help businesses thrive. With a dynamic approach, the firm actively seeks out profitable and growing enterprises across various industries. The RCap team is keen on creating value through operational enhancements, strategic growth initiatives, and targeted acquisitions.
The Future of NECC
The collaboration between RCap Equity and Northeast Contracting Corp. lays a foundation for sustainable growth and innovation. As NECC aims to enhance its service capability and expand its operational footprint, the support from RCap is poised to play a pivotal role in achieving these ambitious goals.
Frequently Asked Questions
What is RCap Equity Partners?
RCap Equity Partners is a private equity firm based in the Philadelphia area, specializing in control equity investments in lower middle-market companies.
What services does Northeast Contracting Corp. offer?
Northeast Contracting Corp. provides full-service commercial roofing solutions, including replacement, maintenance, and new installations.
Who is the CEO of Northeast Contracting Corp.?
The CEO of Northeast Contracting Corp. is Eion Kelley, who is actively involved in driving the company's growth and strategic initiatives.
How does RCap plan to support NECC?
RCap plans to support NECC by enhancing operational capabilities, expanding service offerings, and pursuing strategic acquisitions.
What markets does NECC serve?
NECC serves various markets including education, government, multi-family housing, and industrial sectors within the mid-Atlantic region.
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