The PennZone

WAYNE, Pa., Sept. 4, 2024 ~ Philadelphia-based private equity firm RCap Equity Partners has announced their majority recapitalization of Northeast Contracting Corp (NECC) in partnership with Monroe Capital LLC and existing shareholders. NECC, founded in 2002 and headquartered in Lorton, Virginia, is a full-service commercial roofing business that specializes in replacement, maintenance, and new installation. Their operations cover the mid-Atlantic region and cater to various industries such as education, government, multi-family, and industrial.

More on The PennZone

• The "Unsexy" Business Quietly Creating 130+ New Entrepreneurs Across America — From Alaska to Puerto Rico
• Veteran Launches GTG Energy: Nicotine-Free Pouch as Americans Rethink Addiction, Focus, and What Fuels Performance
• RecallSentry™ App Launch — Your Home Safety Hub — Free on iOS & Android
• Award-Winning Director Crystal J. Huang's Under-$50K Film "The Ritual House" Wins Best Horror Feature at Golden State Film Festival
• Grads aren't getting hired — here's what we're doing about it

Eion Kelley, CEO of NECC, expressed his excitement about the partnership with RCap. He stated that with their support, the company will be able to invest in their team, expand their services and reach, and pursue strategic acquisitions. Matthew Raymon from RCap also shared his enthusiasm for the collaboration with NECC. He believes that this is a promising time for the commercial roofing industry and NECC's top-notch operations make them an ideal partner for RCap.

The partnership between RCap and NECC is expected to bring about significant growth opportunities for both companies. With RCap's backing, NECC aims to further strengthen its position as a leader in the commercial roofing market.

---

Show All News | Report Violation