Bertram Capital has invested in Percopo Coatings Company, establishing the coatings and restoration services business as the fifth platform investment in Bertram’s Ignite fund. Financial terms of the transaction were not disclosed.
Percopo Coatings was founded in 2003 by Mike and Victoria Percopo and is headquartered in Longwood, Florida.
The company provides painting, specialty coatings and restoration services across the Southeastern U.S.
Percopo serves commercial, industrial and institutional customers, with project experience spanning airports, resorts, theme parks, schools, government facilities and other complex environments.
Its broader capabilities include interior and exterior painting, waterproofing, seamless flooring, sandblasting, fireproofing and intumescent coatings.
The company has built its model around self-performing multiple trades, allowing general contractors, developers and facility owners to work with a single provider across several aspects of a project.
Bertram plans to support the next phase of Percopo’s growth, including through Bertram Labs, the private equity firm’s internal technology organization.
Percopo is also seeking acquisitions and partnerships that can expand its geographic presence and add additional operators to the platform.
Cook M&A and Ashurst Perkins Coie supported the transaction.
KEY QUOTES:
“We are proud to partner with Bertram to accelerate our next phase of growth and continue building on more than two decades of expertise, craftsmanship, and client relationships. The team at Bertram demonstrated a clear understanding of our business, our people, and the standards we hold ourselves to. With the added digital capabilities of Bertram Labs, we believe we can further strengthen our operations and better serve our clients across the South.”
Mike Percopo, Founder and CEO of Percopo Coatings Company
“As backers of several scaled platforms across the trades, we appreciate the deep industry knowledge, relationships, entrepreneurial spirit, and grit required to operate a successful business in these categories. Mike and Victoria have worked tirelessly to establish PCC as a household name in painting and specialty coatings with discerning GCs, developers and facility managers. We look forward to supporting PCC’s next phase of growth with the assistance of Bertram Labs, our in-house technology team.”
Zack Bassi, Vice President at Bertram Capital
