#United States #Greenwich #Confluence Point #Perry's Roofing #Eastern Exterior

Confluence Point Acquires Perry's Roofing and Launches Eastern Exterior Partners

Confluence Point Holdings, a prominent investment firm in Greenwich, has made a strategic move by acquiring the established residential roofing business Perry's Roofing. This acquisition marks a significant milestone as Confluence Point launches a new platform named Eastern Exterior Partners (EXP) with the aim of creating a leading exterior home services network in the Northeastern and Mid-Atlantic regions of the United States.

A New Chapter for Perry's Roofing

Founded and headquartered in Pleasantville, New York, Perry's Roofing has been serving residential customers with top-notch roofing and exterior repair services in New York, Connecticut, and New Jersey. The company's reputation is stellar, owing to its commitment to quality and customer satisfaction. Notably, Perry's holds the coveted 3-Star President's Club designation from GAF, placing it in the top 1% of roofing contractors in America. This recognition underscores the trust and reliability that the business has cultivated among its clientele.

Leadership and Future Direction

With the acquisition, the leadership team at Perry's Roofing will continue to guide the company's operations under the EXP umbrella. Perry Verrone, the company's founder and president, expressed pride in partnering with Confluence Point, emphasizing the alignment of both companies’ goals regarding growth and customer service excellence. According to Verrone, the partnership will facilitate the expansion of Perry’s Roofing into a leading exterior home services company in the Northeast.

Doug Behrman, co-founder and managing partner of Confluence Point, highlighted that Perry's Roofing is not just a successful company but also one that holds tremendous potential for further growth. The establishment of Eastern Exterior Partners as Confluence Point's first platform investment marks an ambitious step towards consolidating and expanding home services offerings in the region.

A Robust Growth Strategy

EXP's strategic vision focuses on leveraging the existing success of Perry's Roofing and pursuing further growth through both acquisitions and organic expansion. The roofing repair and replacement market in the Northeast is characterized by fragmentation, which presents ample opportunities for EXP to capitalize on. Particularly, the aging housing stock in the area signals a robust long-term demand for roofing services. By centralizing various operational aspects such as finance, marketing, and human resources, EXP aims to streamline operations while allowing regional operators to maintain excellence in service delivery.

Alex Kerr, another co-founder and managing partner, shared the mission of Eastern Exterior Partners, stating that it intends to partner with leading local brands to create a high-impact shared services model that optimizes growth. As the new platform evolves, its commitment to employee empowerment, regional focus, and integrity are set to distinguish it in the competitive landscape of exterior home services.

Looking Ahead

As Eastern Exterior Partners begins its journey, its primary objective is to establish itself as the partner of choice for local exterior service contractors. The goal is to scale operations both organically and through acquisitions, ultimately aiming to lead the market for exterior home services in the Eastern United States. This ambitious vision is driven by a focus on service quality and customer satisfaction, pivotal elements that have propelled Perry's Roofing to its current stature.

In conclusion, the acquisition by Confluence Point Holdings signifies a calculated and strategic investment into the residential services market, promising to enhance the service landscape in the Northeastern and Mid-Atlantic areas. The launch of Eastern Exterior Partners is a proactive step towards capturing growth opportunities in a market ripe for consolidation and expansion.

For additional details, visit Eastern Exterior Partners and Confluence Point.