Citizens Capital Markets & Advisory has revealed its role as the lead financial advisor for Progressive Roofing in its acquisition by TopBuild Corp. The transaction, valued at $810 million, marks a significant move for Progressive, a prominent provider of commercial roofing services. Previously backed by Bow River Capital, Progressive has made a name for itself with its comprehensive suite of services and substantial growth over the past four years. This acquisition by TopBuild, a key player in the construction sector, is anticipated to bolster Progressive's market position and foster further growth. Nick Hadden, CEO of Progressive, expressed appreciation for Citizens' guidance throughout the process and looks forward to the new partnership with TopBuild.
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