Madison River Capital has made a strategic investment in Pro-Max, a provider of structural repair, restoration, painting and roofing services for condominium and commercial properties. Financial terms of the transaction were not disclosed.
The investment will support Pro-Max’s geographic expansion, development of additional service capabilities and continued investment in its workforce. The company plans to address growing demand across Florida and other U.S. markets.
Founded in 1994 and headquartered in Miami, Pro-Max serves condominium associations and commercial property owners. Its services include structural repairs, building restoration, painting and roofing work.
The company is led by Co-Founders and Co-Presidents Maximilian Tower and Ray “Reggie” Rodriguez. They will continue leading Pro-Max in partnership with Madison River Capital.
Demand for structural repair and restoration services is being supported by the aging condition of buildings across the United States. Updated inspection, maintenance and building safety requirements are also increasing the attention property owners place on long-term capital projects.
Madison River Capital believes these trends create opportunities for established service providers with technical expertise, strong customer relationships and the ability to complete complex projects.
Pro-Max plans to use Madison River Capital’s financial resources and operational support to enter additional markets. The partnership may also help the company broaden its capabilities while maintaining its existing service and quality standards.
Madison River Capital is a lower-middle-market private equity firm investing across healthcare services, industrials, business services and infrastructure. It partners with founders and management teams on expansion and long-term value creation.
The firm was formed through the separation of the corporate private equity investment team of Jefferson River Capital, the family office of Tony James. Its team includes 14 investment professionals and operating executives.
KEY QUOTES:
“For over thirty years, our focus has always been on delivering dependable, high-quality solutions and being a trusted partner to our clients.”
“With MRC’s support, we are well positioned to continue growing, take on new strategic opportunities, and continue investing in our employees.”
Maximilian Tower, Co-Founder and Co-President of Pro-Max
“Our priority has always been to deliver unparalleled results for our clients.”
“This partnership provides us with the financial support and operational expertise to expand our capabilities while maintaining the high standards our clients have come to expect.”
Ray “Reggie” Rodriguez, Co-Founder and Co-President of Pro-Max
“Pro-Max has built an outstanding reputation for quality and integrity and a team that is deeply committed to its customers.”
“We believe that aging physical infrastructure across the country, combined with regulatory changes that are reshaping how property owners approach long-term maintenance, represent a compelling and durable investment opportunity. We have been following Pro-Max’s impressive trajectory and are highly confident in the team’s ability to execute on a significant growth opportunity ahead.”
David Wittels, Managing Partner of Madison River Capital
“Max and Reggie have built an extraordinary company with a differentiated market position and a loyal customer base.”
“We are excited to bring MRC’s operational capabilities, financial resources, and network of relationships to the team and partner with them to support their continued expansion into new markets and avenues for growth.”
Aaron Hazan, Principal at Madison River Capital
