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Roofing Corp of America Enters Kansas City Market Through Schefers Roofing Acquisition

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FirstService (FSV.TO) unit Roofing Corp of America on Wednesday said it acquired Kansas City-based Schefers Roofing, marking RCA's 16th acquisition since its founding in December 2020.

The partnership brings the company's total footprint to 27 branch locations nationwide.

Founded in 1995, Schefers Roofing is a commercial roofing contractor serving Missouri, Northern Arkansas, and surrounding markets, with capabilities spanning commercial roofing, roof restoration, preventative maintenance, leak repair, and architectural sheet metal fabrication.

"Over the past 30-plus years, we've built Schefers Roofing Co. on hard work, trusted relationships, and a commitment to quality," said Lance Schefers, chief executive of Schefers Roofing. "As consolidation continued across the roofing industry, Roofing Corp of America stood out because they share our values and commitment to our people and customers. I'm proud of what we've built and excited about what this partnership means for our future."

Schefers will remain CEO of the company. Day-to-day operations will continue to be led by president Doug Mackesty and senior superintendent James Napper. Schefers Roofing will continue operating as a standalone business within Roofing Corp of America.

"We are excited to partner with Lance, Doug, James, and the entire Schefers Roofing team," said Randy Korach, Roofing Corp of America's chief executive. "They've built an outstanding business and strong reputation in the Kansas City market, and we're proud to welcome them to RCA."

FirstService shares were last seen up $5.475 to $180.565 on Toronto Stock Exchange.

Price: $180.87, Change: $+5.78, Percent Change: +3.30%

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