O2 Investment Partners, a private equity firm in Bloomfield Hills, announced it has partnered with Capital Construction, a commercial contractor in Burnsville, Minn., to support the company’s rapid growth. Terms of the investment were not disclosed.
Founded by Andy Oakes in 2011, Capital Construction is a provider of roof replacement and other exterior restoration services to single-family and multi-family residential customers. It focuses on restoring properties damaged by hail and/or wind and guides its customers through the construction and insurance processes with a high-touch, tech-enabled approach.
“We have seen tremendous growth over our 10-plus year history and feel that we are at an inflection point in our growth given the exciting opportunities that lie ahead of us in our current markets as well as in new markets,” says Oakes.
“We believe that O2 is the ideal partner to help us capitalize on our many growth initiatives, including strategic M&A opportunities, as we look to continue to aggressively scale the platform.”
Capital Construction is the fifth platform investment for O2’s most recent fund, O2 Investment Partners Fund III. It focuses on investing in businesses with earnings growth potential and a clear path to the creation of shareholder value.
“Andy and his team have built Capital into one of the leading roof restoration providers in the country, with a reputation for delivering best-in-class services and products to its customers,” says Mike Cotant, a senior associate at O2. “We are thrilled to partner with them and look forward to building on the company’s impressive historical growth trajectory to expand the platform into new geographies.”