Lincolnshire Management Closes Sale of Latite Roofing

Jan 30, 2025

New YorkLincolnshire Management, Inc. (“Lincolnshire”), a private equity firm focused on investing in and acquiring growing middle market companies across an array of industries, today announced that it has closed on the sale of Latite.  Financial terms of the private transaction were not disclosed.

Latite Roofing is a leading roof installation service in Florida, and one of the largest companies in the country providing this service. Since it was founded in 1943, Latite has established a strong industry reputation and has evolved over time to serve multiple segments. Latite focuses on an array of roofing services including commercial new and re-roofing, residential new and re-roofing, as well as maintenance services for both spaces.  Latite is in an advantageous space in the Florida roofing market, the strongest roofing market in the US, and leverages its in house capabilities to provide unrivaled service levels to a loyal and reoccurring customer base. Having designed and completed some of Florida’s largest and most complex commercial roofing projects, the Company has earned the trust and loyalty of major Florida GC’s, HOA’s, and building consultants

“Latite provided Lincolnshire with an investment opportunity in the roofing industry in the high growth Florida market. Our strategy of providing residential and commercial services in both the new and re-roof segments was pivotal in providing a platform for stable growth over the long term.  The compelling growth characteristics of Florida, combined with the ability to perform work all year round drives secular growth across the economic cycle,” said George Henry, a Managing Director at Lincolnshire Management.

“Changes we implemented at Latite during our ownership include geographic expansion across the lucrative Orlando to Tampa corridor, addition of new services such as roof spraying and protection, and investment in technology to help operational performance. All these changes helped to grow topline as well as margins, while improving customer service,” added John Comino, Managing Director at Lincolnshire Management.

Capstone served as exclusive financial advisor and Finn Dixon and Herling served as legal advisor to Lincolnshire Management.

About Lincolnshire Management, Inc.

Lincolnshire Management Inc., founded in 1986, is a private equity firm focused on investing in and acquiring growing middle market companies across an array of industries. Headquartered in New York, Lincolnshire Management invests in acquisitions of private companies, recapitalizations, corporate divestitures, management buyouts and growth equity for public and private companies. Lincolnshire Management manages over $1.9 billion in fund commitments. For more information: www.lincolnshiremgmt.com

About Latite

Latite Roofing is a leading roof installation service in Florida, and one of the largest companies in the country providing this service. The Company offers new roof installations and re-roofing for both residential and commercial buildings.

https://latite.com/