Exclusive financial advisor to Sterling Commercial Roofing
KPMG Corporate Finance LLC acted as exclusive financial advisor to Sterling Commercial Roofing
KPMG Corporate Finance, LLC is pleased to announce the sale of Sterling Commercial Roofing, Inc. (“Sterling” or the “Company”) to Tecta America Corporation (“Tecta America”).
Headquartered in Sterling, Illinois and owned by President Kevin Froeter, Sterling is a leading independent roofing contractor primarily serving commercial, government, and institutional end markets. The Company offers a full suite of roofing solutions including new construction, re-roofing, and service projects. Sterling serves the Midwest markets through its two facilities in Sterling, IL and Bettendorf, IA and maintains a primarily union workforce.
Sterling President Kevin Froeter commented, “I am extremely excited for Sterling to be a part of Tecta America. The organizations have a shared focus on operational excellence, customer satisfaction, and company culture, which makes Tecta an ideal home for Sterling.”
On working with KPMG CF, Kevin Froeter noted, “KPMG’s guidance throughout the transaction process was invaluable. Their expertise of the industry and market, as well as commitment to Sterling’s transaction objectives, were critical as we navigated this process.”
Sterling Commercial Roofing
Founded in 1986, Sterling Commercial Roofing is the leading independent commercial roofing contractor in its region. Owned and operated by President Kevin Froeter, the Company serves commercial, government, and institutional end markets across the Midwest. The Company has approximately 200 professionals and a primarily union workforce.
Tecta America Corporation
Tecta America is the premier commercial roofing company in the United States with 4,400+ professionals across 95+ locations. Providing commercial re-roofing, service and maintenance, and new installation services, Tecta America offers the responsiveness of a local roofing contractor backed by the resources and stability of a national provider. Tecta America is a portfolio company of joint investors Altas Partners and Leonard Green & Partners.
KPMG Corporate Finance, LLC
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.
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KPMG CORPORATE FINANCE LLC
Trust KPMG Corporate Finance LLC with your next transaction
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked as the top (#1) M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.