Patria Investments' PAX Services Acquires Hi-Tech Roofing to Expand Florida Operations
- PAX Services Group expands in Florida by acquiring Hi-Tech Roofing & Sheet Metal, enhancing its market presence.
- The acquisition strengthens PAX's commitment to quality and innovation in roofing and exterior services.
- PAX aims to become the leading exterior services provider in the nation through strategic growth initiatives.
PAX Services Group Expands Florida Footprint with Hi-Tech Roofing Acquisition
PAX Services Group, a key player in the roofing and exterior services sector, strengthens its position in the Southeast with the recent acquisition of Hi-Tech Roofing & Sheet Metal, based in South Florida. This transaction, finalized on March 27, 2025, marks PAX's second entry into the Florida market, following the establishment of a new office in Pompano Beach. The acquisition reaffirms PAX's commitment to expanding its service offerings and market presence in a region that is vital to its growth strategy.
Hi-Tech, founded in 2000, is well-respected for its high-quality roofing systems and dedication to customer satisfaction, catering to commercial, industrial, and institutional clients. The continuity of Hi-Tech's management, led by owner Mike Daley, ensures that existing customers will continue to receive the quality service they expect. CEO of PAX, Mike Wade, expresses enthusiasm about this partnership, highlighting the shared values of quality and innovation between the two companies. Together, they aim to enhance the breadth of services available across the entire building envelope, ensuring that projects meet high industry standards and are completed efficiently.
The acquisition is not only a milestone for PAX but also signifies a strategic move to bolster its capabilities in Florida. Shaun Vasavada from New State Capital Partners, which owns PAX, notes that this expansion brings the company closer to its goal of becoming the leading exterior services provider in the nation. The transaction reinforces PAX’s vision of growth and solidifies its reputation within the competitive landscape of roofing and exterior services.
In related news, the transaction's legal aspects were handled by Calfee, Halter & Griswold LLP for PAX, and Gunster for Hi-Tech, ensuring a smooth transition. This acquisition symbolizes a broader trend in the construction and exterior services industry, where companies are increasingly seeking strategic partnerships and acquisitions to enhance their market reach and service capabilities. As PAX continues to grow, its focus on quality and customer satisfaction remains at the forefront, setting the stage for future developments in the sector.