Salt Creek Capital Acquires AVI Roofing
Nov. 13, 2024
Woodside, California (November 13, 2024) - Salt Creek Capital (“SCC”) is pleased to announce the acquisition of AVI Roofing, Inc. (“AVI” or the “Company”), a leading provider of complete roofing services for residential and commercial properties throughout the Colorado Front Range region.
Peter Kruse, the founder of AVI and retiring President & CEO, stated "We are excited to partner with Salt Creek Capital as we enter the next chapter of AVI Roofing's growth. This acquisition is an important milestone for us, as it enables us to expand our footprint and continue providing the exceptional service and quality that our customers have come to expect. With Christopher Sveen’s leadership and Salt Creek’s support, I am confident that the Company will reach its full potential.”
Christopher Sveen, incoming CEO, stated “With the support of Salt Creek Capital, we can build on AVI’s strong legacy of quality and reliability. I look forward to leading AVI’s talented team as we continue to deliver exceptional value to our customers and pursue new opportunities for long-term growth.”
Tim Cripe, Principal at Salt Creek Capital, added “We are thrilled to partner with AVI Roofing and eager to begin working alongside Christopher Sveen. AVI has built an exceptional reputation for quality in the Colorado roofing market, and we look forward to supporting the Company's continued growth and expansion.”
GLC Advisors & Co were the exclusive advisors to AVI.
About AVI Roofing
AVI Roofing is a Colorado-based roofing contractor with over 25 years of experience serving residential and commercial clients. Specializing in a wide array of roofing systems, including asphalt shingles, tile, metal, and flat roofing, the Company is known for its comprehensive solutions that encompass gutters, siding, and other exterior services The Company serves a highly diverse customer base, including homeowners’ associations, property management companies, commercial property owners, leading national home builders, and residential homeowners. AVI Roofing is a trusted partner for homeowner associations and apartment complexes, providing reliable craftsmanship and quality materials, as evidenced by its A+ rating with the Better Business Bureau and positive customer feedback. For more information, please visit www.aviroofing.com
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm that partners with experienced operating executives to acquire profitable companies with up to $150 million in revenue. Salt Creek Capital takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and improve operating efficiencies. For more information, please contact Tyler Romrell at tyler@saltcreekcap.com or visit www.saltcreekcap.com.