OAKBROOK TERRACE, IL – March 8, 2022 – Prairie Capital Advisors, Inc.(“Prairie”) is pleased to announce that Woodlawn Partners (“Woodlawn”) and Lightspring Capital Partners (“Lightspring”) have acquired a controlling interest in Active Roofing Company (“Active Roofing” or the “Company”). The Active Roofing management team will retain a meaningful ownership position in the Company. Prairie acted as exclusive financial advisor in this transaction to Active Roofing and was led by Tim Witt and Tom DeSimone of Prairie. Terms of the transaction were not disclosed.
Established in 1965 and headquartered in Chicago, Illinois, Active Roofing is an industrial-commercial-institutional full-service roofing contractor providing full roof replacement, maintenance and repair. The Company, which promotes a proactive, preventative maintenance approach to roofing, provides high-quality roofing solutions to its growing customer base. With an energetic team committed to the relentless pursuit of quality with uncompromising integrity, Active Roofing prides itself on being the most dependable commercial/industrial roofing company in the country.
Located in Chicago, Illinois, Woodlawn Partners acquires businesses and becomes directly involved in helping them to achieve their long-term potential. The company’s primary responsibility is to provide continued opportunities for employees and value to customers while also tailoring each transaction and succession strategy around a business owner’s personal and financial needs. With offices in Chicago, Illinois and Minneapolis, Minnesota, Lightspring Capital Partners is a private investment firm dedicated to partnering with lower middle market businesses to build value. With a focus on providing first institutional capital to small businesses, Lightspring invests in support of founder and family-owned businesses that are experiencing a transition in ownership.
“We believe that Active Roofing’s full-service offering, high-quality craftsmanship and dedicated staff are unmatched in the industry, and we welcomed the opportunity to advise the Company in this transaction. Woodlawn and Lightspring are excellent partners to assist the Active Roofing team in executing on the significant growth opportunities in the roofing industry,” said Tom DeSimone, Director at Prairie. “This transaction represents another successful engagement completed by Prairie’s Investment Banking group as we continue our dedication to serving middle-market family and founder-owned businesses,” added Tim Witt, Managing Director at Prairie.
About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory, valuations & opinions and financial reporting valuations to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois, the company is a leading advisor to closely-held companies nationwide. For more information, visit www.prairiecap.com.
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Prairie Capital Advisors, Inc.