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Announced

Gridiron Capital to invest in Erie.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

Construction Services

Friendly

Acquisition

Private

Domestic

Private Equity

Minority

residential products

Pending

re-roofing solutions

Synopsis

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Gridiron Capital, an investment firm focused on partnering with founders, entrepreneurs, and management teams, agreed to invest in Erie, a direct-to-consumer residential products and services company, primarily offering fiberglass and metal re-roofing solutions. Financial terms were not disclosed. "We have known the Gridiron team for years and are excited to solidify a partnership with them. Gridiron has a deep understanding of our direct-to-consumer business model, including lead generation, in-home sales, installation and a constant focus on our customers. My extended Erie team and I are looking forward to the growth opportunities that will come from our partnership with Gridiron," Pat Trompeter, Erie Founder and CEO.

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