Skyline Roofing Partners, an Imperial Capital portfolio company, has acquired Elo Roofing, a residential roofing contractor; as part of the transaction, Skyline partnered with Elo's founders and existing management team, who will continue to lead Elo in its next phase of growth. 

Headquartered in Jacksonville, Fla., Elo was founded in 2013 and has enjoyed organic growth to become a regional operator serving customers on Florida’s East Coast as well as in Colorado. 

"We are thrilled to establish Skyline's entrance into these attractive markets," said Dan Reed, chief executive officer of Skyline. "Its founders, Derek and Pamela Williams — along with President Eric Grengs and their team — have built a tremendous business that is trusted and sought-after by customers. We look forward to preserving their legacy as the Elo brand continues to flourish." 

This acquisition marks Skyline's inaugural partnership. In a release, the company noted that it was founded “…on the premise of building a world-class platform of residential roofing and exterior services brands through a people-first, customer-focused approach." 

Adina Notto, partner at Imperial, emphasized the shared vision between Skyline and Elo, stating that Elo and its team had the hallmarks of a partnership that is "perfectly aligned with Skyline's mission to create a world-class platform of residential roofing brands focused on customer satisfaction." This shared vision includes a track record of growth, a commitment to quality, and a focus on its customers and employees. 

"We are excited to partner with Dan and the broader Skyline and Imperial teams to help Elo reach new heights," said Derek Williams, founder of Elo. "Their experience and track record in roofing and in building businesses is invaluable. We are energized by the growth opportunities this creates for our team." 

Photo courtesy of the Iowa Economic Development Corporation

Roofing Corp of America announced the acquisition of Hamilton Roofing of Malabar, Fla., which is about 110 miles north of Palm Beach, along the state’s Atlantic coastline.  

The company said in a news release that while RCA’s portfolio of businesses has long performed work for clients in Florida, the Hamilton purchase represents RCA’s first investment in a brick-and-mortar asset in The Sunshine State. 

RCA noted that Hamilton claims a repeat public and private client list that includes the federal government and military installations, local county municipalities, and numerous private clients, making it an “undeniable commercial roofing leader” in the Space Coast market.  

Hamilton Roofing will continue operating as a stand-alone entity within Roofing Corp of America and will continue to be led by its president, Tony Hamilton, a second-generation roofer who moved to the East Coast of Florida from Detroit to open the branch in 1983.    

“We are very excited for the future as a part of this dynamic and growing organization,” Hamilton said. “We believe our valued customers and team members will quickly see the benefits of our partnership with Roofing Corp of America.”  

Randy Korach, CEO of Roofing Corp of America, said the company had been waiting for the right opportunity to enter the Florida market. 

“We wanted to be certain our market entry was with the right partner,” Korach said. “First, there is Tony Hamilton, a savvy and experienced leader; second, the company has built a market-leading reputation with its customers for safety, professionalism, responsiveness, and quality workmanship.”  

For additional information, visit roofingcorp.com.

S-5!, the Colorado-based producer of metal roof solutions, hired Ricardo Barroso as director of research and development, adding new leadership to its Colorado Springs corporate office. 

Barroso is responsible for managing the product development, compliance and application engineering teams, ranging from implementing testing and product development procedures to deploying products internationally, the company said in a news release.  

A Brazilian native, Barroso brings expertise to developing attachment solutions, primarily for exposed-fastened roofs specific to the Spanish and Latin American markets, S-5! said. He earned his bachelor of science, master of science and master of engineering degrees from Colorado School of Mines and Auburn University. 

With more than 15 years of experience in product development, manufacturing, process engineering and application engineering, the company has lauded Barroso for his achievements in research and development for custom-designed, engineered and tested products. He has a background in metallurgical and materials engineering.  

Before joining S-5!, Barroso worked in the oil and gas industry for the largest pipeline manufacturer in the industry, living abroad in South America, North America, Europe and Africa. Throughout his career, he held management positions in product development, engineering and manufacturing before moving into research and development. 

S-5! said Barosso is actively involved in the industry and represents the company as the Technical Contact for the ASTM E-06-57 Committee on Performance of Buildings, where he is the lead writer of the Metal Roof Attachments Specifications.  

“I am happy to be part of such a collaborative team and a company whose core values align so well with my professional beliefs,” said Barroso. “My approach is, I do not give my team fish, but I enjoy helping them catch them."  

For more information, visit S-5.com.

Photo courtesy of the Iowa Economic Development Corporation

The National Roofing Contractors Association is among the many trade associations supporting legislation that repeals the Corporate Transparency Act, which critics say is a hindrance to small businesses.  

The Corporate Transparency Act, enacted in 2021 but held in abeyance until the beginning of this year, requires newly formed companies to provide personal information of business owners and beneficiaries, including addresses and Social Security Numbers. It is estimated to impact about 32.6 million businesses. 

The law is intended to combat money laundering, tax fraud and other crimes but it has since faced criticism and legal challenges. In March, a federal judge in Alabama ruled the act unconstitutional “because it cannot be justified as an exercise of Congress’s enumerated powers.”  

The judge’s injunction currently applies only to plaintiffs who are members of the National Small Business Association. 

Sen. Tommy Tuberville (R-Ala.) introduced the Repealing Big Brother Overreach Act and Congressman Warren Davidson (R-Ohio) introduced its companion legislation in the House. The bills seek to repeal the act in its entirety. 

“The Corporate Transparency Act is big-government overreach at its worst,” Tuberville said in a statement. “The Biden Treasury Department is attempting to create a database on every American business owner. Failure to register by the end of the year could land you in jail. This unprecedented intrusion into personal privacy must be stopped.” 

In a joint letter to Tuberville, nearly 100 trade organizations, including the NRCA, the National Federation of Independent Business, the American Subcontractors Association, the Tile Roofing Industry Alliance and Americans for Tax Reform lent their names in support of his proposed legislation, saying it would “put an end to this poorly constructed and onerous reporting regime.”

Oklahoma’s State Insurance Department announced it would begin a program in 2025 encouraging people to install storm-resistant “FORTIFIED” roofs with the help of state grants that could help offset the more expensive roof systems by 10-15%.  

The state grants will come from a fund within the State Insurance Department, with a $10 million annual maximum. The department estimates that the typical grant would be $3,000. The program will require specific steps for the installation by roofers certified to participate in the program and an independent inspection before and after the job. 

FORTIFIED roofs have a waterproof layer under the shingles that helps prevent water leaks even if the shingles are blown off.  

State Insurance Commissioner Glen Mulready said the Oklahoma program is modeled after Alabama's program, which was created after repeated losses from hurricanes. 

"The FORTIFIED wind and hail takes that same technique and puts an impact-resistant shingle on top so it's less likely to get damaged in a hail storm,” said Lane.

Photo courtesy of the Iowa Economic Development Corporation