ATLANTA, December 13, 2022 – Bird Loechl McCants & Holliday (BLM&H) advised Core Roofing Systems, LLC on its sale to Shoreline Equity Partners, LLC.
BLM&H corporate and securities partner, W. Hunter Holliday, led the transaction team and worked closely with corporate and securities partner, Kevin Loechl, and associate, Jake Ware. BLM&H advised on all aspects of the transaction, including restructuring Core Roofing in preparation for the sale. BLM&H partnered with trusted advisers to advise Core Roofing on employment, benefits, real estate, tax, and environmental matters.
“We hired BLM&H upon the recommendation of our tax adviser and the reputation of the firm. BLM&H quickly assembled a transaction team and guided us all the way from the letter of intent to closing. The firm did an amazing job of guiding Core Roofing through due diligence, negotiations with Shoreline and complex transaction documents,” said Dustin C. DeVore, Chief Executive Officer and sole shareholder of Core Roofing.
Founded in 2002 and headquartered in Alpharetta, Georgia, Core Roofing is a leading provider of commercial roofing solutions, including re-roofing, maintenance, repair, inspection, and new roof systems. With over 180 employees and offices in Georgia and Florida, Core Roofing serves a diversified customer base across the Southeast, including commercial and industrial property owners, property management companies, REITs, and municipalities.
Shoreline is a lower middle market private equity firm based in Jacksonville, Florida and seeks to lead equity investments of up to $100 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Shoreline purchased Core Roofing from its inaugural $300 million fund. Shoreline was advised by Akerman LLP, PWC, Willis Towers Watson, and Fragomen.
Over more than three decades, Bird Loechl McCants & Holliday has grown to become a leading U.S. law firm helping companies, organizations and individuals solve their most complex legal matters. The firm delivers tailored solutions and world-class work product with an uncompromising approach to service and quality. More information is available at www.blmhlaw.com.