FOR IMMEDIATE RELEASE
January 11, 2017
Richmond, VA – Transact Capital Partners is pleased to announce that Roof Consulting Services, Inc. (RCS), a Richmond-based consulting company, was recapitalized via a partner buyout. Transact Capital Partners served as the exclusive financial advisor to RCS. Barry Krauss managed the transaction for Transact Capital.
Roof Consulting Services’ predecessor was founded in 1979 and acquired by the ownership group in 2001. The Company initially focused its roof consulting services on businesses located within the mid-Atlantic states, but over the years, its projects have expanded to include the entire U.S. and beyond. Today, RCS is a nationally recognized leader in the roof consulting industry that provides services for industrial institutions, private clients, municipalities, educational institutions, and government agencies. On occasion, the Company provides technical support and quality control to various roofing manufacturers in the U.S. Its primary objective is to preserve existing roofing assemblies, and inform building owners and managers of the best possible roof system when replacement is required.
William Sanders, one of the three owners, will become 100% owner of RCS and remain CEO and president following the buyout. John Taggart and James Talley, selling partners, will remain in the business for one or more years to ensure a smooth transition to the new management structure.
The partner buyout became an optimal solution to one partner pursuing retirement and another partner wanting to grow the business further. Sanders stated “this was a win-win for all parties, as the business will continue to serve its customer base with the same goals and commitment as it did before, but allow the other owners to take money off the table to fund their retirement goals.” Sanders continued to say “Barry and his team at Transact Capital provided the guidance to achieve this final goal, and I thank all of them for their continued efforts and professionalism to walk us through this complex process.”
Transact Capital Partners is a full-service mergers and acquisitions advisory, business brokerage, and valuation firm headquartered in Richmond, VA, with offices in Roanoke and Tidewater, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of privately held companies in the lower middle market with enterprise values under $100 million. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to assist many business owners exit their companies or explore other opportunities. Securities and investment banking transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please call Barry Krauss at 804-612-7109 (Barry@TransactCapital.com), or contact Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.