ATLANTA–(BUSINESS WIRE)–Nov 2, 2022–
DA Davidson & Co. announced today that it has acted as exclusive financial advisor to Eskola Roofing & Waterproofing (Eskola) in its majority recapitalization with Eagle Merchant Partners (Eagle). Eskola is a commercial roofing contractor with four locations in Tennessee, Knoxville, Nashville, Morristown and Memphis, and a fifth location in Lexington, Kentucky.
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Founded in 1972 by their father and operated by brothers Jon and Ben Eskola, Eskola is a leading provider of recurring commercial roofing and weatherproofing services with a diverse customer base focused on education, infrastructure and healthcare. health in a coveted region of the country. (Graphic: Business Wire)
Founded in 1972 by their father and operated by brothers Jon and Ben Eskola, Eskola is a leading provider of recurring commercial roofing and weatherproofing services with a diverse customer base focused on education, infrastructure and healthcare. health in a coveted region of the country. Jon Eskola and Ben Eskola will remain in their leadership roles, continuing the company’s rich history while overseeing continued growth throughout the South East.
“ DA Davidson designed and executed a thorough and strategic process, helping us find the perfect partner in Eagle Merchant Partners to accelerate Eskola’s growth. We are extremely grateful to Davidson’s Diversified Industrials Investment Banking group as they guided us through every step of the process and delivered a fantastic outcome for our shareholders and employees. David Morse and the team at Davidson deeply understood our business and expertly articulated our strategy and goal to become the leading commercial roofing company in the Southeast. We are thrilled to partner with Eagle and excited about what the future holds for Eskola, our employees and our customers,” said Jon Eskola, Owner, President and Vice President of Operations at Eskola.
David Morse, Managing Director of DA Davidson’s Diversified Industrials Investment Banking Group, said, “Eskola’s exceptional growth is a testament to its world-class service and customer value proposition. Jon and Ben Eskola have built an impressive organization focused on growth and have sought a partner to support Eskola’s continued expansion through organic initiatives and acquisitions. Eagle Merchant Partners’ expertise in facilities services, partnership approach and extensive resources are a perfect fit for Eskola as it becomes the leading commercial roofer in the Southeast. We look forward to the continued growth and success of the business.
Investment Banking Division of DA Davidson is a leading full-service investment bank offering comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four verticals: consumer, diversified industries, financial institutions and technology. Together with its European strategic partner, MCF Corporate Finance, DA Davidson initiates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.
About DA Davidson Companies
DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,525 employees and offices in 27 states.
Subsidiaries include: DA Davidson & Co., a full-service investment firm providing wealth management, investment banking, capital markets and fixed income services, and advice; Davidson Investment Advisors, a professional asset management firm; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser that provides fixed income portfolio and advisory services.
For more information, visit dadavidson.com.
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CONTACT: Transaction team contacts
Tim Sznewajs, Head of Diversified Industries, Managing Director |Denver|[email protected]
David Morse, General Manager |Atlanta|[email protected]
Chris Vincent, Vice President |Denver|[email protected]
Parisa Alizadeh, Partner |Denver|[email protected] Contact
Andreea Popa, Capital Markets Marketing Manager |[email protected]
KEYWORD: TENNESSEE GEORGIA KENTUCKY UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FINANCE CONSULTING OTHER CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY
SOURCE: DA Davidson & Co.
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PUBLISHED: 02/11/2022 12:22 / DISK: 02/11/2022 12:22