In this edition of Founders’ Specialty Distribution 2H 2023 Sector Update, we discuss how the major specialty distribution companies navigated macroeconomic challenges in 2H 2023. We also look into key trends including what the major players are predicting for 2024 and beyond, their valuation and trading statistics, and notable transactions over the past year. Ever since…
BIRMINGHAM, AL. (January 30, 2024) – Founders is pleased to announce that Ridgeline Roofing & Restoration, LLC (“Ridgeline Roofing”), a premier provider of residential roofing services across the Southeastern US, has been recapitalized by Bertram Capital Management, LLC (“Bertram Capital”), a middle-market private equity firm based in Foster City, CA. Ridgeline Roofing was exclusively advised by…
By: Evan Klisares We just returned from the first renewable conference of the year, InterSolar, in San Diego. Booths at the conference were down from ~900 in 2023 to ~500 in 2024, and as one conference-goer noted to me on the floor, they should have renamed this conference the “Times-Are-Tough” show – a nod to…
This Martin Luther King Jr. Day, the Founders team invested in the local community by working at Cornerstone Elementary School to improve the facilities for the children who attend. Cornerstone is a kindergarten through 8th grade school with over 220 students in downtown Birmingham. A bi-annual tradition, Founders staff spends one Saturday in July and…
By: Chris Weingartner In the dynamic and ever-evolving landscape of the IT services ecosystem, owners of Managed Services Providers (MSPs) find themselves at a crossroads when considering the future of their businesses. As the demand for managed services continues to grow, owners must strategically position their MSPs to attract the right kind of attention from…
By: Chris Weingartner Peer Groups serve an incredibly valuable role for MSPs and their owners/management teams that participate in them. From benchmarking to sharing best practices, MSPs who participate in peer groups often are better run and operate with scalable processes and procedures that potential investors find very attractive. They also can highlight areas where…