1. RCA expands by acquiring Springer-Peterson Roofing in Florida. 2. This marks RCA's 15th acquisition since its inception. 3. Springer-Peterson retains current leadership post-acquisition. 4. The acquisition strengthens RCA's market position in Florida. 5. Rob Springer highlights vision alignment with RCA for growth.
The acquisition of Springer-Peterson enhances RCA's market share and operational efficiency, fueling investor confidence, similar to past successful consolidations in the industry. Historical examples like Home Depot's acquisition strategy illustrate that expanding market presence can result in stock price appreciation.
The article directly relates to FSV, as RCA is a subsidiary, indicating potential for improved performance and profitability. Increased acquisitions signify strategic growth which commonly results in positive investor sentiment.
The benefits from the acquisition will likely unfold over time as RCA integrates Springer-Peterson and leverages its capabilities, akin to previous mergers that provided long-lasting growth dividends.
RCA continues its expansion partnering with central Florida's leading commercial and industrial roofing contractor
Roofing Corp of America is thrilled to announce the addition of Springer-Peterson Roofing & Sheet Metal to its growing portfolio. This transaction is RCA's 15th since inception and expands our footprint in the state of Florida, where we are already the leading roofing contractor, serving the market with brands including Crowther Roofing & Cooling, Hamilton Roofing, and Dynamic National.
Springer-Peterson (S-P) was founded in 1981 by Don Springer and Brooke Peterson in Lakeland, Florida. A few years later, Don's son Rob joined the business and Brooke departed. Over the next forty years, Don and Rob built the leading commercial and industrial roofing company in central Florida with the mission of delivering high-quality, cost-effective roofing systems.
Today, Springer-Peterson continues to be led by Rob Springer, who serves as the Chairman of the Board, and Daniel Boatwright, the company's President. Both will remain in their roles as the company joins the RCA family. S-P will operate as a stand-alone entity within Roofing Corp of America, partnering closely with our Crowther Roofing and our other businesses across Florida.
Rob Springer had this to say about the transaction; "When I finally arrived at the difficult decision to sell our multi-generation family business, Roofing Corp of America was the obvious choice. Their vision for growth and expansion in true partnership with the founders and team members of their acquired businesses resonated with us." Daniel Boatwright added; "At Springer-Peterson, our people are what sets us apart. Through this process, I grew comfortable that in partnership with RCA, they will be respected and their contributions understood and valued. The future is very bright for Springer-Peterson and our dedicated employees."
Lee S. Crowther, CEO of Crowther Roofing & Cooling and the Florida Regional President for Roofing Corp of America offered; "Joining forces with Springer-Peterson is a proud event for me and my family. Our respective founders Lee J Crowther Sr and Don Springer have known, respected, and admired each other's business models for over 45 years. Together we will create new opportunities for our team members while delivering even greater value to our clients." Randy Korach, CEO of Roofing Corp of America added; "S-P's central Florida market presence fits beautifully within RCA's already leading position across the state. The partnership, our 15th since RCA's inception in late 2020, is evidence that we continue to realize our vision as the Home for America's Premier Roofing Contractors."
ABOUT ROOFING CORP OF AMERICA
Based in Atlanta, GA, Roofing Corp of America is building the home for the nation's premier roofing contractors by attracting the industry's most successful and respected entrepreneurs to join the Roofing Corp family. Through its local businesses (The Original Roofing Company, Innovative Roofing Group, The Bone Dry Roofing Company, Davco Roofing & Sheet Metal, AAA Roofing & Waterproofing, Deer Park Roofing, Pittman Waller Roofing, WeatherShield Roofing, Front Range Roofing, Roof Technologies, Hamilton Roofing, Crowther Roofing & Cooling, Dynamic National, A-1 All American Roofing of San Diego, and Springer-Peterson Roofing), Roofing Corp of America delivers a wide range of roofing services to building owners, property and facility managers, homeowners' associations, and general contractors. RCA is a subsidiary of FirstService Corporation (NASDAQ and TSX:FSV), a North American leader in providing essential property services to a wide range of commercial and residential clients. For additional information on Roofing Corp of America, please visit www.roofingcorp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250911930853/en/
Contact: Nick Kidder
Director of Corporate Development
Roofing Corp of America
Phone: 470.816.6440
Email: nkidder@roofingcorp.com