Brava Roof Tile, a leading independent provider of composite roofing materials, announced an investment from Golden Gate Capital. After the deal closes, Brava’s management team, including Chief Executive Officer Adam Brantman and Chief Manufacturing Officer Andrew Ahrens, will continue leading the company and remain significant shareholders. Brava will remain based in Washington, Iowa. The financial terms were not disclosed.
Launched in 2008, Brava is a leading manufacturer of high-performance, compression-molded roofing tiles created from recycled materials and delivers durable and cost-competitive solutions to homeowners. And Brava’s durable roofing materials can withstand even the most extreme weather conditions and have best-in-class hail and fire resistance. So homeowners are protected with a safer, longer-lasting roof, better insurance coverage, and lower maintenance costs, when compared to traditional roofing materials. The company’s proprietary compression molded manufacturing process and patented coloring technique provide unrivaled product quality, consistency, and realism that outperforms competitors.
Brava has experienced rapid growth in the past decade amidst increasing consumer adoption and contractor demand for composite roofing. The company has focused on expanding production capacity to meet record demand. Golden Gate Capital’s investment will provide additional resources to support this expansion.
Raymond James worked as financial advisor and Holland & Knight worked as legal advisor to Brava. Paul, Weiss, Rifkind, Wharton & Garrison and Ropes & Gray worked as legal advisors to Golden Gate Capital.
KEY QUOTES:
“This investment is a testament to the quality of our product, our best-in-class team, and our runway for future growth. Partnering with Golden Gate Capital will enable us to accelerate our growth trajectory and become the leading national platform for composite roofing solutions.”
– Adam Brantman
“Brava has successfully catalyzed the transition to sustainable composite roofing products that provide an eco-friendly yet durable solution. We’re excited to continue investing in production capacity and product innovation to meet ever-growing demand.”
– Andrew Ahrens
“Brava is a true industry disruptor and the clear supplier of choice for premium composite roofing products. The company’s impressive momentum reflects the superior quality of its products and strength of its brand. We have deep admiration for Adam, Andrew and the entire Brava team, and we are fully aligned with their strategy and vision. Brava is exceptionally well-positioned to capitalize on industry tailwinds, and we look forward to supporting the company in its next chapter.”
– Javier Puig, a Managing Director at Golden Gate Capital
