Triton North, a Florida-based private holding company, is offering a limited partnership interest in a private equity vehicle formed to acquire, operate, and scale a residential roofing platform in the state of Florida. The anchor acquisition is a 20-year-old Florida residential roofing operation (the "Company") with a demonstrated track record of profitability, zero insurance revenue exposure, and a 100% retail residential revenue model.

The Company generates in excess of $7.2M in trailing 12-month revenue with an EBITDA margin of approximately 15%. The founding operator will retain an equity stake post-acquisition, ensuring alignment of interests and continuity of the relationships and reputation that underpin the business.

Triton North will acquire a controlling interest and immediately begin deploying the operational infrastructure that defines the platform strategy: AI-enabled field service management, shared materials purchasing, centralized marketing, and professionalized back-office operations. The aggregate effect is margin expansion and revenue growth without disruption to the operations or culture that produced the current financial profile.

The offering is made on a Regulation D, Rule 506(b) basis and is restricted to accredited investors. Limited partner capital will receive a cumulative preferred return of 8% per annum before any profit-sharing distributions are made to the General Partner.

The Company is a residential roofing contractor with 20 years of continuous operations in Florida. The business serves the residential retail segment exclusively, with no commercial, insurance, or storm-repair revenue exposure. This segment discipline is intentional and reflects a management philosophy that prioritizes quality of revenue over volume.

Revenue is generated through project-based residential roofing contracts, with a customer mix that includes first-time customers through referral and digital channels, repeat customers reengaged on replacement cycles, and property managers and HOAs served on a direct-relationship basis. The absence of insurance revenue eliminates the receivables risk, payment timeline uncertainty, and margin compression associated with storm-chasing contractors.

The Company employs approximately 40 to 50 personnel including field crews, estimators, project coordinators, and office staff. The founding operator maintains day-to-day oversight and will remain in an active operational role post-acquisition under a management services agreement. Key customer relationships, vendor arrangements, and subcontractor networks are documented and transferable.

• Two decades of earned reputation in a market where trust determines buying decisions
• 100% retail revenue model eliminates insurance carrier dependency and margin exposure
• Disciplined project selection and quality standards resulting in high repeat and referral rates
• Founder equity alignment through post-acquisition rollover stake

The United States residential roofing market generates approximately $59 billion in annual revenue and is served by an estimated 79,000 contractors. No single operator or operator group controls more than a marginal fraction of this market. The fragmentation is structural and persistent, driven by the local nature of customer relationships, the skilled-labor intensity of roofing work, and the historical absence of capital and management infrastructure within the contractor community.

• Florida adds over 1,000 net new residents per day, expanding the housing stock requiring roofing services
• The Florida climate — heat index, humidity, and annual storm seasons — produces shorter average roof life cycles than the national norm
• A significant portion of the Florida housing stock was built during the 1980s and 1990s and is now entering primary replacement cycles
• Less than 1% of the Florida market has been institutionally consolidated, leaving the acquisition pipeline deep and pricing rational

The consolidation thesis for essential services trades is well-established in adjacent categories including HVAC, plumbing, and electrical contracting, where private equity-backed platforms have achieved significant scale and exit multiples. Residential roofing has lagged behind these categories due to the historical dominance of insurance-driven work and the complexity of managing carrier relationships at scale. The retail residential segment, by contrast, is immune to insurance channel risk and represents the most durable, predictable revenue base in the industry.

The financial information provided in this memorandum is based on the Company's trailing 12-month operating results and Triton North's underwriting analysis. Detailed financial statements, including income statements, balance sheets, and cash flow analysis for the trailing three years, are available to qualified investors upon execution of an additional non-disclosure agreement and progression to the due diligence stage.

• Revenue: In excess of $7.2M, 100% from residential retail contracts
• EBITDA: Approximately $1.1M, representing a margin of approximately 15%
• Revenue Source: Zero insurance or storm-repair revenue
• Operating Trend: Consistent year-over-year growth with no material disruption

Upon closing, financial reporting will transition to Triton North's standardized operating reporting format with monthly LP updates. All financial projections contained in the interactive portal and deal materials are based on Triton North underwriting assumptions and are subject to material revision. Projections do not constitute a guarantee or representation of future performance.

The offering is structured as a limited liability company in which Triton North serves as the Managing Member (General Partner equivalent) and investing LPs hold non-managing membership interests. The economic terms are as follows:

• LP Equity: 80% of total equity interests
• GP Equity: 20% of total equity interests (Triton North as Managing Member)
• Preferred Return: 8% per annum, cumulative, non-compounding, paid to LP investors before any profit-sharing distributions
• Post-Preferred Waterfall: 70% to LPs, 30% to GP after full return of LP capital and satisfaction of preferred return
• Founder Rollover: The founding operator retains an equity position, aligning long-term incentives through the hold period
• Minimum LP Investment: $100,000
• Target Hold Period: 4 to 6 years from acquisition closing

Triton North retains full management authority as Managing Member. LP investors are passive and do not participate in day-to-day management decisions. Major decisions as defined in the Operating Agreement require LP consent. LP investors will receive quarterly financial reports and annual tax documents (K-1).

LP equity capital will be applied in the following order of priority, subject to adjustment based on final closing conditions and acquisition terms:

• Acquisition purchase price: primary use of capital
• Transaction costs and closing fees: legal, accounting, title, and brokerage
• Working capital reserve: minimum 90-day operating reserve post-closing
• Technology and systems deployment: field service management, AI scheduling, and digital marketing activation
• Rebranding and marketing launch: platform brand identity transition
• GP fees: as defined in the Operating Agreement

Detailed use of proceeds will be specified in the final Operating Agreement and Subscription Documents provided to committing investors.

Triton North is a Florida-based private holding company with operations across real estate development, multifamily, and private equity. The company is led by four partners: Antonio Ortiz, Luis C. Quintero, Ricardo Ciliberto, and Alberto Cantor. The PE division is supported by a dedicated team including a Director of Capital Markets, a Senior Financial Analyst, and transaction coordination personnel.

• Antonio Ortiz, Partner — Final approval authority, LP commitments, and deal terms
• Luis C. Quintero, Partner — PE division LP relationships and portfolio oversight
• Phil Carroll, Director of Capital Markets — LP outreach, relationship management, and raise execution
• Pedro Contreras, Senior Financial Analyst — Financial modeling, underwriting support, and proforma analysis

The founding operator of the Company will remain actively involved post-acquisition under a management services agreement, ensuring continuity of customer relationships, crew management, and vendor arrangements during the transition period and beyond.

Prospective investors should carefully consider the following risk factors, among others, before making an investment decision. This is not an exhaustive list. Investing in private equity involves substantial risk, including the risk of loss of the entire amount invested.

The investment process proceeds in three stages: investor qualification, subscription documentation, and funding.

Schedule a call with a Triton North partner or the Director of Capital Markets to discuss the offering, confirm accredited investor status, and determine investment fit. Triton North reserves the right to decline any investor at its sole discretion.

Upon mutual agreement to proceed, Triton North will provide the subscription agreement, Operating Agreement, and accredited investor questionnaire. These documents must be reviewed with legal counsel prior to execution. All legal questions regarding the offering documents should be directed to the investor's own counsel.

Executed subscription documents and capital commitments are due prior to the closing date. Wire instructions will be provided upon countersignature of the subscription agreement. Capital is held in escrow until the acquisition closing date, at which point the LP investment is applied per the Use of Proceeds described in Article VI.

This Private Placement Memorandum has been prepared by Triton North for informational purposes only and does not constitute legal, tax, or financial advice. Prospective investors are strongly encouraged to consult with their own legal, tax, and financial advisors before making any investment decision.

The securities described herein have not been registered under the Securities Act of 1933, as amended, or the securities laws of any state. This offering is being made in reliance on the exemption from registration provided by Rule 506(b) of Regulation D promulgated under the Securities Act of 1933. These securities may not be resold unless they are registered under the Securities Act or an exemption from registration is available.

This memorandum contains forward-looking statements based on current expectations and assumptions. Such statements are inherently uncertain and actual results may differ materially from those projected. No representation or warranty, express or implied, is made as to the accuracy, completeness, or fairness of the information contained herein.