WAYNE, PA — RCap Equity Partners, a private equity firm based in the Philadelphia area, has announced its leadership in a majority recapitalization of Northeast Contracting Corp. (NECC), in collaboration with Monroe Capital LLC and existing shareholders. NECC, headquartered in Lorton, Virginia, has been a key player in the commercial roofing sector since 2002, specializing in replacement, maintenance, and new installations across various markets such as education, government, and industrial sectors.
Eion Kelley, CEO of NECC, expressed enthusiasm about the partnership, stating, “We are thrilled to partner with RCap. With their support, we will continue to invest in our team, expand our service offerings and footprint, and pursue strategic acquisitions.” This strategic move is expected to bolster NECC’s market presence and enhance its service capabilities.
Matthew Raymon, Partner at RCap, echoed this sentiment, adding, “We look forward to partnering with the NECC team and supporting their continued success. This is an exciting time in the commercial roofing industry and NECC has built a best-in-class operation.” The collaboration marks a significant development in the commercial roofing industry, promising growth and innovation in the sector.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.