Madison River Capital backs Florida restoration firm Pro-Max
The Miami-based company, founded in 1994, will use the capital to expand geographically as aging building stock and safety regulations increase demand for structural repair services.
Takeaways
- Pro-Max is a provider of structural repair, restoration, and roofing solutions for condominiums and commercial properties.
- Madison River Capital and Pro-Max are classified as a platform transaction.
- The target serves condominium associations and commercial property owners across Florida.
Aging building stock and tightening building-safety regulations are driving demand for structural repair and restoration services, attracting lower middle-market sponsor Madison River Capital to Florida-based Pro-Max.
The company provides structural repair, restoration, painting and roofing solutions for condominium and commercial properties across Florida and neighboring markets.
Co-founders and co-presidents Maximilian Tower and Ray Rodriguez, who started the business in 1994 in Miami, continue to lead the company.
Madison River Capital said the partnership will help Pro-Max build out its platform and enter new geographies.
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