Legacy Restoration, a Portfolio Company of Bessemer Investors, Partners with Janney Roofing
PLYMOUTH, Minn., September 28, 2022 /PRNewswire/ — Legacy Restoration (“Legacy” or the “Company”), a leading provider of exterior restoration and renovation services, and Janney Construction (“Janny” or “Janny Roofing”), a OrlandoThe New York-based exterior restoration and renovation services provider specializing in roofing, today announced that it has reached a definitive agreement for Janney to merge with Legacy. Legacy is a portfolio company of Bessemer Investors.
Janney’s existing management team, including CEO Derek Janney, will continue to run the business under the Janney brand. Janney represents the continued expansion of Legacy Restoration, both geographically and in retail roofing, and Legacy is pleased to provide additional resources to grow the Janney brand.
Janney Roofing is a distinguished provider of exterior restoration and renovation services, and the highest rated roofer in Floridaserving Orlando, Tampa, Central Florida, North Florida and Southwest Florida. In addition to receiving the Owens Corning Pinnacle Award for Giving, Janney was named one of the top 10 corporate philanthropists in Central Floridaas Best Place to Work for the past two years and Best of the Best for the past two years.
Scott MullinsCEO of Legacy, said, “We are delighted to welcome Derek and Janney’s team, along with Janney’s retail expertise and marketing capabilities, to Legacy. The addition of Janney allows us to expand our geographic footprint in the Southeast with one of the tallest This is an important next step in Legacy and Bessemer’s shared goal of building the outdoor catering business the largest and most efficient in the country.
Mr. Janney said: “Building Janney Roofing has been the highlight of my working life so far. who made us a favorite in Florida. I am excited about our future together and look forward to changing our world, one roof at a time.”
Tree Line Capital Partners and Bridge Bank, a division of Western Alliance Bank, provided debt financing for the transaction.
About Legacy Restore
Founded in 2011, Legacy Restoration is a leading provider of exterior restoration and renovation services, including roofing, windows, siding and gutters. Based near Minneapoliswith additional offices Chicago, denver, monks, Saint Cloud and Rochester, Minnesota, Legacy primarily focuses on reroofing services for the single-family, multi-family and commercial markets in the upper Midwest. Legacy is one of the few major players with significant restaurant expertise, a reputation for high quality products and services and a focus on serving local markets. For more information, please visit https://www.legacyrestorationllc.com/. Legacy Restoration is a holding company of Bessemer Investors LLC, a New York based investment company.
About Janney Roofing
Founded in 2006, Janney Roofing is a leading provider of exterior restoration and renovation services, specializing in roofing across Florida to the residential market. Janney is headquartered at Orlandowith additional offices Tampa. For more information, please visit https://www.janneyroofing.com/.
About Bessemer Investors
Bessemer Investors is a New Yorkinvestment company based on partnering with middle market companies to support growth and enhance value creation. Bessemer differentiates itself by combining a flexible long-term capital base with a team of experienced Private Equity professionals. This approach offers unique solutions to Bessemer partners and the flexibility to maximize long-term value. For more information, please visit https://www.bessemerinvestors.com.
SOURCE Legacy Restore