What did FirstService Corporation pay for Roofing Corp of America?

FirstService Corporation acquired Roofing Corp of America for $413.0M in 2023, equivalent to 1.03x revenue. Target revenue was approximately $400.0M.

What multiple did FirstService Corporation pay for Roofing Corp of America?

1.03x revenue, based on disclosed deal value of $413.0M and disclosed financials.

M&A TRANSACTION · 2023

Roofing Corp of America acquired by FirstService Corporation

$413.0M· 1.03x revenue

Target

Roofing Corp of America

Atlanta, GA

One of the largest commercial roofing enterprises in North America with 16 regional branches across 11 states

Acquirer

FirstService Corporation

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$400.0M

EBITDA

—

Deal Value

$413.0M

EV/EBITDA

—

Context

This $413.0M acquisition of Roofing Corp of America by FirstService Corporation sits in the roofing sub-vertical. FirstService Corporation is acquiring as a strategic buyer; see how strategic acquirers typically price roofing businesses on our Roofing strategic buyer-pool page.

Source

Data sourced from Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). Roofing Corp of America acquired by FirstService Corporation. https://exitvalue.ai/deals/roofing-corp-of-america-acquired-by-firstservice-corporation-landscaping