Pair purchases commercial roofing company with advancement in thoughts

Pair purchases commercial roofing company with advancement in thoughts

Jamie Schmidt and Jeanette Omdalen

The founders of Highland Roofing Co. lately offered the Wilmington-based firm to a few who plan to proceed its growth.

Jeanette Omdalen and Jamie Schmidt acquired the professional roofing enterprise from Iain Fergusson and co-proprietor Rebecca Fergusson. The sale, for an undisclosed volume, closed Dec. 10.

Established in 2005, Highland Roofing has had a compounded once-a-year growth fee of 15% considering the fact that 2015, the year immediately after it purchased Hanover Iron Functions, Iain Fergusson mentioned. The business has installed, fixed and maintained roofs for many of Wilmington’s landmark facilities and also has a Raleigh office that is poised for advancement, officers said.

“Our target is to keep on creating on the basis that Iain and Becca experienced produced over the past 16 yrs, and so definitely, what we’re below to do is to be enablers of expansion,” Omdalen, who is now CEO of Highland Roofing, stated Wednesday. “We have a truly robust crew, and we are enterprise builders at heart. The folks at Highland have these a good growth frame of mind and they have been actually open to all the unique prospects.”

Schmidt, Omdalen’s partner, is Highland Roofing’s new CFO, and the couple recently moved to Wilmington. Schmidt was formerly CFO of Schmitt Industries Inc. (diverse spelling and no relation to Jamie Schmidt) in Portland, Oregon, and Omdalen was running director of Xact Tank Checking and Acuity Lasers, two organizations owned by Schmitt Industries.

For Highland Roofing, Schmidt stated the new homeowners are not making any modifications to the 50-personnel staff members or the Wilmington spot at 4310 Deer Creek Lane. He said they approach to established distinct growth targets later on.

“We genuinely want to perform with our management group and get our first yr less than our belt before we set a metric out there,” he mentioned. “We feel that they’re the kinds who have been working the business day to working day and they know what the small business is capable of.”

Highland Roofing was boosted by the Hanover Iron Functions invest in in 2014 and started focusing exclusively on commercial roofing in 2015. That acquisition “was a large catalyst and a massive chapter in Highland’s background in conditions of us finding who we were being,” Iain Fergusson claimed.

The prior owners are at present doing work with Omdalen and Schmidt for a clean transition, explained Iain Fergusson. As much as what he will do up coming soon after offering the organization, he mentioned he’s waiting around to see what the potential retains. 

“I am incredibly very pleased of what Highland has grow to be, but it’s time for new leadership,” Iain Fergusson said. “I consider myself pretty fortunate to have identified excellent new entrepreneurs who are acquiring Highland for exactly what it is and system to keep on the Company’s accomplishment and to construct on, and more make improvements to the terrific culture and team I’m so proud to have produced over the years.”&#13