Prefequity backs MBO of Hereford-based roofing specialist

Central Roofing Group is a premium provider of commercial roofing services operating from five branches across England and Wales.

Central has over 35 years' heritage as a commercial roofing company. It offers a comprehensive set of refurbishment, maintenance and building-envelope solutions to public-sector clients across education, healthcare and local authorities as well as specialist private-sector projects for nuclear power stations and commercial properties. Central’s business is based on deep expertise, long-standing relationships, a reputation for quality, and a strong health and safety culture.

Nick Petrusic, Senior Partner at Prefequity, who will join the board, commented: “We are excited to have added Central Roofing Group to our portfolio, further demonstrating our approach of providing bespoke capital solutions to strong businesses with ambitious management teams. The Prefequity investment benefits from robust downside protection, with the ageing roofs of the UK’s schools and hospitals offering a steady stream of future work for Central, and also participates in the significant upside opportunity as the business expands nationwide. We look forward to working with an outstanding management team under the leadership of James Broady in the next phase of the company’s growth story.”

James Broady, Managing Director at Central Roofing Group, added: “The directors are delighted to have selected Prefequity as a partner for the next chapter of our journey. We found the structure of Prefequity’s investment particularly attractive as it introduces finance on the right terms to support the next stage of the business’s growth.”