We are pleased to announce the sale of our client, Lake Champlain Roofing, LLC, to BizGro Partners. The acquisition closed September 21, 2021.

Lake Champlain Roofing (LCR) is a roofing contractor located in Plattsburgh, New York. LCR maintains a stellar reputation and is well-branded in the local market. The company is a certified contractor with Owens Corning, Carlisle, CertainTeed, and GAF.

Located in Cliffside Park, New Jersey, BizGro Partners buys well-established profitable B2B businesses across the United States. Their investments in the marketplace of businesses they buy produce superior returns on capital, sustainable wealth, and ongoing cash flow for their company and all partners involved.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director M&A, Moses Shmueli, with the support of Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Brian Hendershot established the initial relationship with LCR.

"LCR has established a strong reputation, a result of three generations of integrity and experience. BizGro Partners, who has been actively building a national portfolio of roofing companies, immediately recognized this value,” said Shmueli.

He added, “The sellers can now transition into the next stage of their lives knowing their customers and employees will be taken care of.”