July 9, 2021
For Immediate Release
Indianapolis, IN. Monument MicroCap Partners, LLC (“Monument”), an Indianapolis-based private equity firm, announced today that on June 25, 2021, its portfolio company, Kelly Roofing Holdings LLC (“Kelly Roofing”) recapitalized Reliant Roofing, Inc. (“Reliant”). Based in Jacksonville, FL, Reliant is a specialized residential and commercial roofing contractor who also installs solar systems and hurricane shutter protection.
“We are thrilled to be partnering with Sean Shapiro, Cameron Shouppe and the talented team at Reliant”, said Ken Kelly, President of Kelly Roofing. “The combination of our businesses will expand our presence across the state of Florida and help us in our goal of creating the premier residential roofing company in our geography. We welcome Reliant and their clients to the Kelly Roofing family”.
“As we continued to build Reliant, it was critical for us to find a partner with similar aspirations in both growth and quality of service”, said Sean Shapiro and Cameron Shouppe of Reliant. “Kelly Roofing is the perfect fit for Reliant and we look forward to growing the combined business alongside their team.”
Reliant represents the first recapitalization by Kelly Roofing, which was recapitalized by Monument 9 months ago.
About Kelly Roofing Holdings, LLC
Founded in 1972, Kelly Roofing installs replacement residential and commercial roofing systems and repairs existing roofs throughout Florida. The Company’s core services include roof replacement, roof repair, accessories (gutters, skylights, roof cleaning, etc.), inspection and insurance claims, emergency repair work, and solar system installation.
About Monument MicroCap Partners, LLC
Monument is an Indianapolis-based private equity firm focused on investments in North American businesses with EBITDA of $2-8 million. Monument seeks to partner with honest, hard-working and talented management teams across a wide variety of industries, including business services and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.
Please contact Tim Hildebrand at Monument (email@example.com) for additional information.