Pursant is proud to announce the purchase of Crawford Roof Maintenance by The Rabine Group.
The Rabine Group, headquartered in Schaumburg, Illinois, is a premiere service conglomerate for paving, roofing, petroleum distribution and other construction needs. Established in 1981 as a regional paving provider, Rabine’s ultimate goal is to become a national provider for the commercial, industrial, real estate and utilities markets. Rabine’s first acquisition in 2008 was the Palantine Oil Company, a fuel and oil provider. The addition of Crawford further diversifies the company’s services to include roof construction, maintenance, and repair.
Crawford, founded in 1981, specializes in the repair and maintenance of roofs and building exteriors for industrial, commercial, and institutional clients. The company operates in Chicago, Milwaukee, and Northwest Indiana and maintains over 36 million square feet of roofing systems. Services include emergency leak repair, roof replacement, preventive maintenance, exterior building maintenance and consultation.
The Rabine Group engaged Pursant, LLC to be their exclusive merger and acquisition advisor leading an acquisition strategy to dramatically expand the company. Pursant, LLC acted as the sole advisor to the transaction. Rabine completed the acquisition as part of an ongoing expansion plan that will extend their services into new regions within the United States.
A press release from Rabine announcing the news noted that “[Crawford’s] expertise in roofing maintenance, their business model, their sustainable mind-set and their cost effectiveness are all characteristics that fit within the Rabine Group of companies”. The release continued to say, “we at the Rabine Group are proud to have this awesome company as part of our Group”. Gary Rabine, the CEO of Rabine, expressed his enthusiasm saying, “I have never seen a roofing maintenance company gain more respect from our mutual clients than Crawford Roofing”.
The President of Pursant, Mark Herbick, said, “We are thrilled by the opportunities afforded to both companies by the acquisition of Crawford Roofing. As always we seek to help our clients execute their plans and realize their goals and we congratulate the Rabine Group on their latest success”.