New State Capital Partners completed the investment in Patuxent Roofing & Contracting.

New State Capital Partners, an entrepreneurial-minded private equity firm, completed the investment in Patuxent Roofing & Contracting, an independent provider of re-roofing installation and services. Financial terms were not disclosed. "We are excited to invest in a premier player in institutional and commercial re-roofing services. We were attracted to Patuxent given its recurring revenue customer profile, proven stability through economic cycles, and abundant growth opportunities. We look forward to working with Mike and his team to continue to accelerate the Company's growth," Kurt Lentz, New State Senior Principal.