ACACIA Exterior Building Group announced its launch October 29 alongside an investment in Northwest Florida contractors Bel-Mac Roofing and Seashore Construction.
The two Florida businesses are combining under the Bel-Mac name. They join a group that also includes NECC, which operates in the Mid-Atlantic, according to the announcement.
Chief Executive Cagen Williams leads the Alexandria, Virginia, group. RCap Equity, an affiliate of Renovus Capital Partners, is its investment partner.
ACACIA says regional businesses will retain their operating names and local leadership. NECC combines Northeast Contracting Company in Alexandria with Ducks Roofing, now its Hampton Roads branch in Portsmouth.
The Florida combination brings together Bel-Mac, founded in 1995, and Seashore, founded in 2005. Their services include roofing, waterproofing, coatings, concrete restoration and exterior construction along the Gulf Coast.
The announcement describes a shared ownership and support structure for regional contractors. It does not disclose financial terms for the investment or quantify revenue, staffing changes or savings expected from combining the businesses.
Sources: ACACIA — October 29 Launch and Investment Announcement: https://www.streetinsider.com/PRNewswire/ACACIA+Exterior+Building+Group+Announces+Launch+and+Investment+in+Bel-Mac+Roofing+and+Seashore+Construction/27257287.html