Roofing Acquisition
South Florida, 2026
Roofing is recession-proof. A failing roof is not a discretionary decision — it gets replaced regardless of market conditions. Triton North is acquiring a 20-year, cash-flowing residential roofing operation in Palm Beach County: $7.2M in 2025 revenue, 100% retail model, zero insurance dependence, and a founder who is staying invested. Structured as the anchor acquisition for our roofing platform alongside Ron Bell Roofing, with senior SBA debt in place and $2.0M in LP equity sought from accredited investors at a minimum of $100,000.
Why This Deal. Why Now.
Most private equity dollars chase complexity. Technology, software, platforms with network effects. Triton North goes the other direction — deliberately. The most dependable wealth-building opportunities in the lower middle market are not flashy. They are essential. Businesses that people cannot live without, run by founders who built something real but never had institutional infrastructure behind them. That gap is where returns are made.
This acquisition targets a 20-year-old residential roofing operation in Palm Beach County — one of the few roofing companies in South Florida that generates its entire revenue from direct retail relationships. No insurance work. No adjuster cycles. No exposure to claim denials or carrier relationship risk. Every dollar comes from a homeowner who chose this company, walked into their showroom, and signed a contract. That is a fundamentally different business than what most Florida roofing operators run.
The founder has operated the business profitably through two recessions, multiple hurricane seasons, and a supply chain crisis. The financial records are institutional grade — accrual accounting, monthly close, full job costing on every project. He is rolling 17.5% of his equity into the transaction, staying aligned with the outcome alongside Triton North investors. That is not typical. It reflects genuine confidence in what comes next.
Triton North's value creation thesis is straightforward: apply operating infrastructure, build a sales team, extend the geographic footprint, and position this business for a platform exit at multiples that individual operators cannot command. This investment gives LPs early-stage equity exposure to that process in a non discretionary sector with 20 years of proof of concept behind it.
Built Different. By Design.
Most Florida roofing contractors look the same from the outside. Trucks, ladders, a website. What separates this business is structure — a customer showroom, accrual-basis financials, 20 years of repeat referrals, and zero insurance dependence. These are not accidents. They are the result of a founder who built a real company, not just a service crew.
Every dollar of revenue comes directly from homeowners. There is no insurance claim pipeline, no adjuster relationships to maintain, no exposure to carrier disputes or claim denials. This is a structural advantage over the large majority of Florida roofing contractors whose revenue is tied to storm events and claim volume.
The business maintains one of the only customer showrooms in Palm Beach County. When a homeowner accepts a proposal, they come in to choose materials, review documentation, and finalize the contract in person. The result: lower cancellation rates, stronger referral flow, and the kind of brand trust that independent roofing contractors almost never build.
The financial records are institutional grade. Accrual accounting. Monthly close. Full job costing on every project. The books are maintained in QuickBooks with the discipline of a company that expected to be acquired. The founding owner is rolling 17.5% of his equity into the transaction — the clearest signal of aligned interests available in a deal of this size.
| Operating History | 20 years (founded 2006) |
| 2025 Revenue | $7.2M |
| 2025 EBITDA | $910K |
| EBITDA CAGR (historical) | 19.1% |
| Annual Project Volume | ~200 roofs |
| Average Job Size | ~$35,000 |
| Revenue Model | 100% retail — zero insurance |
| Mix: Re-roofing | 85% |
| Mix: Repairs | 10% |
| Mix: New Construction | 5% |
| Customer Showroom | Yes — unique in market |
| Accounting | Accrual, monthly close |
| Founder Alignment | 17.5% equity rollover |
Non-Discretionary. Inelastic. Growing.
You cannot defer a failing roof. A homeowner can skip a kitchen renovation. They cannot ignore a leak that is destroying their ceiling, their insulation, and their home's resale value. Roofing demand in South Florida is structurally insulated from economic cycles, interest rates, and consumer confidence — the three variables that make most service business revenues unpredictable.
The service area covers four cities in Palm Beach County. Boynton Beach serves as headquarters and showroom. West Palm Beach is the primary expansion target. The county has over one million residents, aging housing stock, and the highest concentration of high-net-worth households in Florida.
Operations & Properties
Visual documentation of the business — showroom, field operations, completed projects, and service area properties. Replace placeholders below with actual photography before publication.
Consistent. Expanding. Institutional.
Revenue has grown at 19.1% EBITDA CAGR over the company's operating history. Projections through 2030 reflect a conservative organic growth rate driven by sales team expansion and geographic extension — no heroic assumptions, no acquisition premiums embedded in the base case.
Conservative Capital. Aligned Incentives.
Senior debt secured. Founder equity rolling. A focused raise from accredited investors at the operator level — not through a fund vehicle, not layered with fees. Direct exposure to the asset. The 17.5% founder rollover is the structural detail that matters most: the person who built this business for 20 years believes in what Triton North is going to do with it.
| Business Purchase Price | $4,500,000 |
| Total Acquisition Cost | $5,950,000 |
| Senior Debt | $3,150,000 (53%) |
| LP Equity — Raise | $2,012,500 (34%) |
| Founder Equity Rollover | $787,500 (13%) |
| Investor Type | Accredited only |
| Target Close | 2026 |
Income Today. Multiple at Exit.
Current income from a cash-flowing business that has never missed a profitable year. Long-term equity upside from the spread between individual operator exit multiples and what a professionally managed platform commands. Both legs of the return are real. Neither depends on a market recovery or a speculative outcome.
Six Levers. One Plan.
Growth does not come from a single bet. It comes from activating six distinct demand channels, each with its own budget, timeline, and measurable output. Together they take revenue from $7.2M to a $10M+ run rate within 24 months of close.
From Acquisition to Exit
Five stages. Each one builds on the last. LP capital deployed at close funds the foundation. Every subsequent stage is self-funded from growing cash flow.
The Playbook. Phase by Phase.
Execution is not theory at Triton North. The operational playbook applied here has been developed across existing portfolio companies in the roofing and landscaping verticals. Every phase below reflects decisions that have already been made, refined, and tested.
- Complete acquisition close and legal entity transfer
- Retain all existing staff — zero disruption to operations
- Founding owner remains in active advisory role for 90 days
- Introduce Triton North management systems and reporting cadence
- Full operational audit and performance benchmarking against portfolio
- Implement CRM — structured lead tracking, pipeline management, follow-up automation
- Formalize digital presence: SEO, Google review strategy, paid local search
- Introduce shared procurement across Triton North roofing portfolio companies
- Establish field team performance metrics and incentive structures
- Begin sales team expansion planning and recruitment
- Hire and ramp additional sales representatives targeting $10M revenue run rate
- Extend service area north into West Palm Beach and Martin County
- Launch structured referral and repeat customer program
- Develop commercial division as secondary revenue line
- Integrate platform-level marketing and brand development
- Target $13.8M revenue by Year 5 through sustained organic growth
- Capture shared services savings across the roofing platform portfolio
- Build platform-level management infrastructure to support premium exit
- Evaluate add-on acquisitions within South Florida geography
- Position for exit at 7 to 9x EBITDA versus 4 to 5x for individual operators
One Acquisition. Four Companies. One Direction.
Triton North's private equity strategy is built on a simple observation: the most valuable service businesses in Florida are owner-operated, cash-flowing, and completely unprofessionalized. When institutional infrastructure meets operational reality in a fragmented trade vertical, the value gap closes fast. This acquisition is the second roofing company in the platform. It is not a bet. It is a pattern.
Ron Bell Roofing ↗
Florida-based residential and commercial roofing. Platform foundation — the operational playbook for this acquisition was developed here. Active and growing.
Roofing Acquisition 2026
20-year-old operation in Palm Beach County. $7.2M revenue. $910K EBITDA. 100% retail. Customer showroom. Second roofing company in the platform — expanding scale and driving toward the platform exit multiple.
Delray Garden Center ↗
Florida-based full-service landscape, nursery, and outdoor living company. Anchors the landscaping vertical. Shared procurement and operational infrastructure with the roofing portfolio.
Commercial Millworks Inc. ↗
Architectural millwork manufacturing based in Florida. Complements the essential services portfolio with manufacturing capabilities and a commercial client base.
Next Steps
Triton North is accepting accredited investors for this acquisition on a first-come basis. The raise is limited. Request the full investment materials, review the model, and schedule time with the capital markets team to discuss terms and participation.
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