LOA Construction, LLC, which does business as LOA Roofing and Construction, announced on November 4 a growth recapitalization in partnership with Southstone Holdings. LOA is an Austin, Texas roofing and exterior contractor serving residential and commercial customers across Central Texas. President and CEO Steve Whitston will continue to lead the company. Terms were not disclosed.
The asset.
LOA does roof replacements, repairs, and storm restoration, along with siding, gutters, painting, fencing, and window replacement. The name stands for “Life of Abundance.” The release describes it as one of the largest and fastest-growing roofing businesses in Central Texas, built in about eight years.
That mix matters. Storm restoration brings volume and new customers in bursts; retail re-roofing and the add-on exterior trades are what give a roofer steadier work between storm seasons and more revenue per household. Whitston framed the deal around carrying the same approach into “more communities,” which points to geographic growth beyond Central Texas.
The investor.
Southstone Holdings is an Atlanta-based holding company founded in 2024 by Jeff Heck and John Ziegler. Both started their careers in large private equity. Heck left investing in 2013 to start Monday Night Brewing and, as CEO, grew it to hundreds of employees and six locations across the Southeast. Southstone describes itself as patient capital that partners with founder- and family-run businesses and says it aims to close transactions in 90 days or less.
Heck called LOA “a founder-built business with a great reputation and a team that cares deeply about doing the job right.”
A holding company, not a fund.
The structural point is the type of buyer. Most roofing recaps of the last two years have gone to private equity funds building platforms with a defined hold period and a planned exit to a bigger sponsor. Southstone pitches itself as the alternative: a holding company run by former operators, with no fund clock, explicitly positioned against what its website calls “hostile Private Equity firms.”
For an owner, that changes the questions. A fund recap usually comes with a playbook — add-on acquisitions, a second sale in four to six years, and a payout on the rolled equity at that exit. A holding company may offer a longer runway and more autonomy, but the path to liquidity on whatever stake the founder keeps is less defined. “Growth recapitalization” also tells you the founder kept meaningful equity; it does not tell you how much, or how and when it can be sold.
The roofing M&A environment.
Residential roofing has drawn steady private capital in 2026, and Texas has been an active market for it, from sponsor-backed storm and retail platforms in Dallas–Fort Worth and Houston to platforms adding retail re-roofing books in the state. The sector has also shown that leverage and storm-driven revenue can cut the other way: one of the first residential roofing platforms is being handed to its creditors this fall. Buyers now look harder at how much of a roofer’s revenue depends on storms versus retail replacement and service.
What it means.
If you own a roofing or exterior company, there are now more kinds of capital at the table than PE funds and strategics: family offices, independent sponsors, and operator-led holding companies like Southstone. They can differ a lot on what happens after closing. Before you pick one, get clear answers on how long they plan to own the business, whether they expect you to buy other companies, how your retained equity is valued and eventually sold, and how they underwrite storm years versus normal years.
Own a roofing company?
Schryver & Co. advises trades owners with roughly $5 million to $100 million of revenue and $1 million to $5 million or more of EBITDA, depending on the vertical. If you are weighing a recap, a holding-company partner, or an outright sale, reach Will at will@schryverco.com.
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