Recent Home Improvement M&A activity

Note book with “Mergers & Acquisitions” text on office desk with electronic devices, computer and paper, wood table from above, concept image for blog title or header image.

Power Home Remodeling announced a growth investment May 4, 2026, from Bain Capital, Sixth Street and Harvest Partners Structured Capital, bringing additional capital to one of the industry’s largest exterior replacement contractors. Existing Harvest Partners funds remained the largest investor, with the firms partnering alongside POWER’s management team. The announcement did not describe an outright sale to Bain. Financial terms were not disclosed.

The Chester, Pennsylvania-based company ranks No. 3 on Qualified Remodeler’s 2026 Top 500, reporting approximately $1.78 billion in 2025 remodeling revenue on 93,992 jobs.

POWER said the investment will support geographic expansion, its proprietary operating technology and employee development. At the time of the announcement, the company reported more than 5,000 employees and operations across 26 territories. Its services include windows, siding, roofing, gutters, doors and attic insulation. Co-CEOs Asher Raphael and Corey Schiller continue to lead the company. Harvest Partners initially invested in POWER in 2022.

Mergers and acquisitions

MARS Energy Group announced its acquisition of Citadel Roofing & Solar Aug. 27, saying the transaction adds more than 1,000 employees to its operations. The purchase is MARS’ 11th acquisition. Financial terms were not disclosed.

Founded in 2015, Citadel serves Northern California homebuilders and homeowners. Its operations include roofing and solar installation for new construction, along with reroofing and retrofit solar projects.

The existing management team, including President Dieter Folk, will continue leading Citadel. MARS said the combination expands its California presence and supports investment in technology and operations. Although relevant to residential roofing consolidation, the transaction includes a substantial new-construction business, not solely homeowner replacement work.

Valor Exterior Partners acquired Dick’s Roof Repair, extending the Osceola Capital-backed company’s reach into Wisconsin and northern Illinois.

Announced Aug. 20, the purchase marked Valor’s 10th acquisition since its September 2024 launch. Dick Milkie founded the acquired business in 1957; his son, Jeff Milkie, leads the company, which provides roofing, siding and other exterior services to homeowners in southern Wisconsin and northern Illinois.

Cincinnati-based Valor offers installation, repair, replacement and maintenance across roofing, siding, windows, doors, skylights, insulation and decking. CEO Jerry Arteaga said the company will continue pursuing acquisitions that broaden its geographic coverage and service offerings. Financial terms were not disclosed.

Corbel Capital Partners and Sea Pine Equity Partners announced an investment in Executive Exteriors Aug. 5, supporting expansion of the Dallas–Fort Worth-area roofing and exterior-restoration contractor.

Founder Drake Gordon retains a significant ownership stake and continues as chairman and CEO. Founded in 2018, the company serves residential and commercial customers, including insurance-related roofing and restoration projects.

The investors said the partnership will support new branches, sales-team expansion, technology and acquisitions of complementary contractors. Neither the investment amount nor ownership percentages were disclosed. The announcement establishes a new investment partnership but does not specify whether the investors acquired majority control.

Franchise investments

Entrepreneurs Michael Zhu and Joseph Back acquired Re-Bath’s Louisville, Kentucky, franchise from its retiring owner and subsequently purchased the Evansville, Indiana, territory, according to an Aug. 4 announcement.

The Evansville territory covers portions of Indiana, Illinois and Kentucky. Its previous operation became corporate-owned in 2019 before closing during the pandemic.

The transactions combine a local ownership transfer with a territory expansion; they do not represent a sale of Re-Bath’s national franchisor. The announcement did not disclose the Louisville acquisition’s closing date or purchase price. Zhu and Back bring backgrounds in finance, commercial real estate and business ownership.

Re-Bath ranks No. 12 on QR’s 2026 Top 500, with approximately $514.3 million in 2025 remodeling revenue.

Royalty Roofing USA acquired Tingley Roofing of Paris, Illinois, in its fourth acquisition of 2026, the company announced Aug. 26.

Tingley provides residential and commercial roofing services. Its employees will continue operating under the existing company name and branding, with integration efforts already underway when the transaction was announced.

Royalty, founded in 1986 and headquartered in Seymour, Indiana, provides reroofing, inspections, maintenance and repairs. The acquisition expands its Midwest operations. Financial terms were not disclosed.

Private equity deals

KKR has agreed to acquire A1 Garage Door Service for approximately $2 billion, Reuters reported Sept. 2, citing people familiar with the matter.

The Phoenix-based residential garage-door repair and replacement company was founded in 2007 by CEO Tommy Mello. Cortec Group completed a growth recapitalization with Mello and management in December 2022.

Reuters said KKR and Cortec declined to comment and A1 could not be reached. No company announcement confirming a closing was located as of Sept. 17; Cortec’s website continued to list A1 as an owned investment.

The reported transaction would add another homeowner-services business to KKR’s investments, which include Neighborly and Groundworks. The purchase price remains attributed to Reuters’ sources rather than an announcement from the transaction parties.

Guaranteed Roof announced a strategic partnership Sept. 17 with Lance Bachmann and LB Capital through the EM Exteriors platform.

The Atlanta-area residential and commercial roofing contractor plans to expand into Tennessee, North Carolina and South Carolina. The arrangement provides access to shared technology, procurement, sales training, marketing and leadership resources.

The announcement did not identify an acquisition, disclose an equity investment or specify ownership changes. It therefore establishes an operating partnership but does not, on its own, confirm a merger or sale. Guaranteed Roof’s services include roof replacement, restoration, coatings and cleaning. QR