Austin, Texas - July 29th 2024 - Acacia Partners (“Acacia”) announced today the sale of Nations Roof (“Nations” or the “Company”). Nations Roof is a leading US-based commercial roofing contractor offering solutions that span a roof’s lifecycle, including reroofing (e.g., roof replacement), new roofing and maintenance & repair services. The Company serves a diverse array of segments including national retailers, property managers and commercial & industrial customers, as well as a broad base of local customers across the roofing value chain. Based in the Southeastern United States, Nations has completed projects in all 50 states through its 22 business units and nine service center locations.

Rich Nugent, founder of Nations Roof stated, “The Acacia team made me some promises three and a half years ago, and they more than lived up to their word. My goal then was to find a partner that could help us take our company to the next level without impacting its culture. I am very grateful to Acacia for all that we achieved together.”

Jake Hyatt, CEO of Nations Roof said, “The Acacia team provided invaluable support to get the Company where it is today. Together we made many investments in our team and business processes that helped us navigate our growth over the last three years and prepare us for future growth. We are now ready for our next chapter of growth with a new partner.”

Acacia stated, “We are very appreciative of the entire Nations team. They built a best-in-class platform in the commercial roofing industry, and we are fortunate that Rich Nugent picked us as his partner. It has been an incredible journey, and we are excited to watch Nations continue to grow and prosper in the years ahead.”

McGuireWoods LLP served as legal advisor and Piper Sandler served as exclusive financial advisor to the Company.

About Acacia Partners

Acacia Partners is a private investment firm based in Austin, Texas that invests only in family-owned and owner-operated companies. Acacia invests from a committed capital fund in businesses ranging in enterprise value from $50 million to $300 million that are seeking majority or minority equity investment partners. Unlike traditional private equity firms, Acacia has a high degree of flexibility regarding investment structure and time horizon.