Saw Mill Capital Partners III LP, a Briarcliff Manor-based private equity firm, has launched SMC Roofing Solutions LLC as a multi-regional, residential re-roofing platform focused predominantly on insurance-claim demand.
The new company will use a direct-to-consumer selling model to provide homeowners with roofing replacement and maintenance services. Scott Rivard, a partner at Saw Mill Capital, explained that SMC Roofing Solutions came about based on the “need for a scaled service provider that combines strong institutional knowledge of the insurance adjustment process and technical roofing expertise with exceptional customer service. SMC Roofing Solutions will be able to provide its businesses and entrepreneurs with the resources and support needed to accelerate growth, including deep relationships with outside suppliers, sales and installation crews.”
Dan Gregg, a vice president at Saw Mill Capital, added, “Saw Mill was able to leverage its industry research team to get a deep understanding of the large and highly fragmented insurance-focused residential re-roofing market opportunity in the U.S. We see several advantages to further consolidation and will be looking to expand the platform through partnerships with additional market-leading businesses.”
