Patria Investments' PAX Expands Florida Presence with Hi-Tech Roofing Acquisition
- PAX Services Group acquires Hi-Tech Roofing & Sheet Metal, enhancing its Florida operations and service offerings.
- The acquisition aims to improve project efficiency and uphold high industry standards while maintaining Hi-Tech's management team.
- PAX's expansion reflects its strategic vision to become a leading exterior services company nationally and reinforce market reach.
PAX Services Group Expands Florida Footprint with Hi-Tech Roofing Acquisition
PAX Services Group, a notable player in roofing and exterior services, solidifies its presence in Florida through the recent acquisition of Hi-Tech Roofing & Sheet Metal on March 27, 2025. This strategic move marks PAX's second entry into the Florida market, following the establishment of a new office in Pompano Beach. The acquisition underscores PAX’s commitment to expanding its operations in the Southeast region and enhancing its service offerings. By integrating Hi-Tech, which has built a reputation since its founding in 2000 for delivering high-quality roofing systems and exceptional customer satisfaction, PAX aims to bolster its capabilities in servicing commercial, industrial, and institutional clients.
With the management team of Hi-Tech, including owner Mike Daley, remaining intact, PAX ensures continuity for existing customers while fostering a culture of quality and innovation. Mike Wade, CEO of PAX, expresses enthusiasm about this acquisition, as it aligns with the company's core values and strategic vision. The partnership aims to broaden the scope of services available across the entire building envelope, thereby improving project efficiency and adherence to high industry standards. This focus on quality is not just a brand promise; it is a pivotal aspect of PAX’s operational ethos, reinforcing its mission to deliver superior craftsmanship in all projects.
The expansion into Florida is not merely a regional effort but a significant milestone in PAX's evolution towards becoming a leading exterior services company nationally. Shaun Vasavada from New State Capital Partners, which owns PAX, emphasizes the acquisition as a key step in enhancing the company’s market reach and service capabilities. This ambitious goal reflects a broader trend in the industry toward consolidation, where companies seek strategic partnerships to drive growth and reinforce their competitive edge. The legal teams involved in the transaction, including Calfee, Halter & Griswold LLP for PAX and Gunster for Hi-Tech, signify the significance of this deal within the roofing sector.
As PAX Services Group continues to grow, the integration of Hi-Tech Roofing & Sheet Metal represents a promising development in the company’s trajectory and the broader landscape of roofing services in Florida. With a focus on maintaining strong relationships and delivering exceptional quality, this acquisition positions PAX to meet increasing demand in an evolving market. The company’s commitment to innovation and customer satisfaction remains at the forefront as it navigates this expansion.