Highland Commercial Roofing acquires Skycraft Roofing to expand footprint in Southern California commercial roofing sector
HCI Equity Partners, a notable lower middle-market private equity player, announced the acquisition of Skycraft Roofing by its recently formed platform, Highland Commercial Roofing. While the financial details remain undisclosed, this strategic move highlights a significant expansion in the Southern California commercial roofing landscape.
Based in Baldwin Park, California, Highland Commercial Roofing specializes in roof repair and maintenance, catering to a diverse clientele ranging from commercial and industrial sectors to office and multi-family properties. Currently, they have a commanding presence in five key regions: Southern California, Northern California, Arizona, Nevada, and the Pacific Northwest. Their innovative roofing solutions, including the renowned RainShield solution, single-ply, and sprayed polyurethane foam, have made them the go-to choice for numerous real estate developers and property management companies across the Western U.S.
Skycraft Roofing, a family-owned gem founded in 1958 and stationed in Buena Park, California, boasts a rich legacy spearheaded by Mark and Phillip Mulligan for over half a century. With a robust commercial and industrial clientele in the greater Los Angeles vicinity, Skycraft Roofing specializes in single-ply and built-up roofing systems, along with coatings, maintenance, and repairs. Despite the acquisition, Skycraft will retain its operational independence within the Highland conglomerate.
The synergy between the two firms promises to be mutually beneficial: while Highland Commercial Roofing capitalizes on Skycraft Roofing’s prowess in single-ply roofing and gains additional crew members, Skycraft Roofing’s customers are set to enjoy a broader spectrum of commercial roofing services across multiple states.
Mark Mulligan, Skycraft Roofing’s President, expressed his enthusiasm about the merger, highlighting the combined heritage of nearly a century of serving Southern California as a beacon of shared excellence. Echoing the sentiment, Rob Keen, Highland Commercial Roofing’s President, envisioned a brighter future, emphasizing their deepened service reach and reinforced relationships in the region.
Scott Gibaratz, Partner at HCI Equity Partners, encapsulated the broader vision, “Skycraft’s remarkable track record and loyal customer base make it a pivotal part of Highland’s growth trajectory. As we embark on this new chapter, we’re eager to foster our collaboration with Highland, a roofing leader, championing its onward expansion.”