Trivest Launches Residential Roofing Platform Canopy Services

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MIAMI--(BUSINESS WIRE)--Jan 21, 2025--

Trivest Partners (“Trivest”) is pleased to announce the recent launch of Canopy Services (“Canopy”), a fast-growing platform in the Residential Roofing and Gutter space. Canopy was formed in early 2023 with the acquisition of Adam Vaillancourt Roofing in Milford, NH and has grown through additional acquisitions and partnerships completed in 2023 and 2024, as well as through greenfield expansion and organic growth of its brands. Trivest invested in Canopy from its Mid-Market Fund VII, a $950 million fund launched in 2022 to make control/majority investments in founder and family-owned businesses in the middle market.

“Canopy’s mission is to have a positive impact on the residential services industry through a steadfast commitment to our employees, unwavering integrity, and by putting our customers first,” said Tim Russell, CEO of Canopy and former executive at TurnPoint Services, a prior Trivest portfolio company in the HVAC and plumbing sector, which is considered one of the firm’s most successful investments to date. “We prioritize the well-being and development of our team by fostering a culture of inclusivity, growth, and empowerment.”

“When I initially spoke with the Trivest team, they approached me with humble hearts,” said Adam Vaillancourt, President of Adam Vaillancourt Roofing. “It was clear they cared to understand how I run my business, because they value my experience — we have learned a lot from each other. Trivest has been a great partner, and I value them as well.”

“We have built strong momentum at Canopy with the acquisition of several industry-leading residential roofing brands,” said Brian Connell, Partner at Trivest, “and we have assembled a core leadership team with proven track records in the growth and support of other successful residential services companies. With a robust pipeline of additional acquisition opportunities, we are excited to help Canopy continue with this phase of growth.”

About Canopy Services

Canopy Services provides residential roofing and gutter services. The company currently operates 12 locations across 5 states and many customer facing brands. Canopy is a nationally focused platform that endeavors to be the employer and roofer of choice in its markets. For additional information, please visit www.canopyserve.com

About Trivest

Trivest Partners is a leading private equity firm with more than $6 billion of capital under management across four unique investment funds that focus exclusively on the support and growth of founder-led and family-owned businesses with both control and non-control transactions across the United States and Canada. Headquartered in Miami, with a presence in Charlotte, Chicago, Los Angeles, New York, and Toronto, the Firm has more than 50 portfolio companies as of January 2025. To learn more, visit www.trivest.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20250121545205/en/

CONTACT: Brian Connell

(305) 858-2200

KEYWORD: FLORIDA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES HVAC OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE MANUFACTURING FINANCE CONSTRUCTION & PROPERTY

SOURCE: Canopy Services

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PUB: 01/21/2025 09:05 AM/DISC: 01/21/2025 09:04 AM

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