Awani Capital Management backs Two Residential Roofing Companies
The platform provides essential residential roofing repair and replacement services across California and Texas to homeowners, with a fully retail, cash-pay model and no insurance exposure.
Takeaways
- Two Residential Roofing Companies is a residential roofing repair and replacement services providers.
- Awani Capital Management is investing in Two Residential Roofing Companies.
- The target serves residential homeowners across California and Texas.
Awani Capital Management recapitalized NewHaus Construction and Universal Roofing & Construction, two residential roofing repair and replacement providers, in partnership with management to form a retail-focused platform.
The company operates in California and Texas, serving homeowners with a 100% retail, cash-pay customer base and no insurance exposure.
Approximately 90% of revenue comes from roofing services, with the remaining 10% from ancillary exterior home services including insulation, gutters, and windows.
"The Company operates in a highly attractive segment of the roofing sector, delivering critical R&R services to homeowners," said Nigel Howard, Partner at Awani, who will become Chairman of the Board.
Awani, a middle-market private equity firm, is actively seeking additional residential roofing acquisitions to build out the platform.
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.