Trending...
- New Home of the Month: Spacious Luxury Meets Modern Design in The Bristol at Heritage at Manalapan
- Calvetta Phair, CEO America's Workforce Solution, LLC Assessed "Awardable" for Department of War work in the CDAO's Tradewinds Solutions Marketplace
- Century Fasteners Corp. Hires Tony Marano as Director of Human Resources
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
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.
More on The PennZone
- ENTOUCH Recognized on Inc.'s 2026 Best Workplaces List for the Third Year Running
- P-Wave Classics Opens Pre-Orders for Volume II of Robert Bage's Hermsprong
- Cabinetworks Group announces recipient of 2025 Plant of the Year
- Honesdale Painters Launch Season With Act of Community Kindness
- Tuckwell Machinery Launches New Range of Woodworking Machinery
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.
Filed Under: Business
0 Comments
Latest on The PennZone
- Neuro Recovery Institute Showcases Emerging Immersive Neuro-Rehabilitation Technology at Clinical Innovation Open House
- Community, Conservation & Waterwise Inspiration Bloom on June 6
- Industrial and systems engineers celebrate key leaders in the field at IISE Annual Conference
- Cosanostra Miami Rises as the Best Latin Nightclub in Miami in Under Two Years From its Opening
- CCHR Leader's 50-Year Fight for Psychiatric Drug Victims Gains National Momentum
- Endless Mountain Music Festival Celebrates 21st Season with America250-Inspired Lineup
- Author Releases 7-Day Screen Time Reset for Families as Teachers Worldwide Report Children "Struggling to Grasp Basic Concepts"
- Men's Health Month Begins with Record Proclamations, AP News Coverage, & National Momentum for Men's Health
- Blueshirt Media Launches HIPAA-Compliant AI Call Answering for Addiction Treatment Centers
- AdvisorVault Adds Social Media Archiving to its Consolidated D3P Service
- UK Financial Ltd Audits Full Ethereum Architecture Verifies Corporate Wallets and 19-Token Ecosystem Ahead of CoinMarketCap Filing for Global Ranking
- Creative Investment Research Analysis Finds Slower GDP Growth, Rising Inflation
- TechHouse Earns Highly Selective Microsoft Support Badge
- J&J Exterminating Celebrates 65th Anniversary and Unveils Strategic Vision at Annual Team Meeting
- Tru by Hilton El Paso Airport Opens to Guests
- Zenylitics Announces Leadership Transition to Continue Accelerated Growth
- Wellness Technology Distributor Helping People Set Up Wellness Center Businesses
- Christian Apocalyptic Thriller Explores Biblical Prophecy, Global Technology, & the Rise of the Ant
- Turnstone Creative Expands Leadership Team with Addition of Marketing Manager
- The Hidden Price Of Lost Property In UK Schools