Patuxent Acquires LD Tebben
MILLERSVILLE, MD, March 15, 2023 / ROOFINGCONTRACTOR.COM --
Patuxent Roofing & Contracting, Inc. announced its acquisition of Austin, Texas-based L.D. Tebben Company, a commercial reroofing contractor serving markets in Texas and Oklahoma.
The addition marks Patuxent's first acquisition since becoming a portfolio company of private equity firm New State Capital Partners, based in Larchmont, NY in April 2022. According to the company statement, Patuxent focuses primarily on reroofing services to hospitals, schools, government buildings, and other high-end facilities subject to complex bid procedures and requiring functional specialization; the addition of L.D. Tebben marks the company's first foray into the Texas market. "It's our privilege to bring fresh energy and capital to L.D. Tebben, a venerable brand with an established track record built over the last 45 years," Patuxent CEO Mike Gowl said. "We are excited to grow the company and leverage this acquisition as a springboard for further growth in Texas and Oklahoma."
About PAX Services Group
PAX Services Group, formerly known as Patuxent Roofing & Contracting, Inc., is the premier exterior facility services company for clients with complex requirements. Focused on institutional, industrial, commercial and multi-family end-markets, PAX is an award-winning provider offering unparalleled technical expertise and decades of experience to customers across the Mid-Atlantic, Southeast, and Southwest.