Rotunda Capital Partners Invests in Door Pro America
Partnership supports growth of market leader in the direct-to-consumer residential install, repair and replacement garage door services industry.
BETHESDA, Md. & EVANSTON, Ill., November 30, 2023--(BUSINESS WIRE)--Rotunda Capital Partners ("Rotunda") has invested in Door Pro America ("Door Pro" or the "Company"), a leading direct-to-consumer installer and service provider of residential garage doors with eight strategic locations throughout the United States.
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Headquartered in Gainesville, Virginia, Door Pro has expanded rapidly through organic growth since its founding in 1998. Today, Door Pro is one of the largest and most reputable residential garage door service providers in the country, serving customers throughout the U.S. with facilities in Virginia, Maryland, Illinois, Washington, Oregon, New York, New Jersey, and Colorado. Fueled by their market leading reputation, Door Pro is a leading installer of Amarr Garage Doors & Commercial Doors and LiftMaster garage doors and openers and is quickly becoming a premier provider of 24/7 maintenance services, serving the residential repair, replacement and new installation markets.
The Company will continue to be led by Co-Presidents Larry Notto and Chris Traxler, who will also maintain an ownership stake alongside Rotunda Capital Partners Fund III. As part of the transaction, the Company has partnered with Jeff Mick, the former President of Amarr Garage Doors & Commercial Doors. Mr. Mick serves as a strategic advisor and member of the Board of Directors.
Dan Lipson, a Rotunda Managing Partner, said, "Door Pro is one of the premier national platforms in the residential garage door services industry. The Company has grown rapidly by adding new branch locations throughout the country, all the while maintaining their leading reputation of excellent customer service. We are excited to partner with Larry, Chris and the team to continue to build on the Company’s track record of growth and success."
"Leveraging our significant experience in the residential services space, including our investments in Storm Smart, Canter Power Systems and U.S. Waterproofing, we quickly recognized Door Pro’s growth potential and position as the acquiror of choice for residential garage door service providers looking for growth investments," added John Fruehwirth, a Managing Partner at Rotunda.
Mr. Notto commented, "From my first meeting with the Rotunda team, I knew they would be the best partner to help us take Door Pro to the next level. Their expertise and track record in residential services is extremely impressive, and their expertise in growing founder-owned businesses, especially in the residential services arena, is well recognized. Both Chris and I look forward to partnering with Rotunda and leveraging their experience and resources to grow our company faster than we could have on our own."
Ryan Aprill, Rotunda Principal, added, "Door Pro is another successful example of Rotunda’s differentiated and thematic sourcing approach to partnering with family and founder-owned companies. We have been working with Jeff for some time to identify the right platform in the residential garage door service industry and we believe we have found it in Door Pro. Rotunda is excited to continue scaling the business, both organically and through acquisitions."
The Door Pro investment represents the third platform in Rotunda’s latest fund, Rotunda Capital Partners Fund III, L.P. The Rotunda team included Dan Lipson, John Fruehwirth, Ryan Aprill, Cara Hauan and Karthik Munugala. Benesch Friedlander Coplan & Aronoff LLP served as legal counsel to Rotunda.
About Door Pro America
Door Pro America is a leading provider of residential install, repair and replacement garage door services across the U.S. Founded in 1998, Door Pro America has established a reputation for providing the highest quality customer service available in its eight markets, including Virgnia, Maryland, Illinois, Washington, Oregon, New York, New Jersey and Colorado. Door Pro America holds Double Diamond and Premier dealer status with Amarr Garage Doors & Commercial Doors and LiftMaster. More information about Door Pro can be found at www.doorproamerica.com.
About Rotunda Capital Partners
Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, business, and residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com.
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Contacts
Margaux Valle
Head of Business Development
Rotunda Capital Partners
(240) 2962-1707
PR@rotundacapital.com
