---
title: "Roofing M&A Statistics 2025: 50+ Data Points on the Private Equity Roll-Up"
description: "Every cited statistic on roofing M&A activity in 2025 — deal counts, multiples, market size, the QXO–Beacon megadeal, hail-claims context, and the active PE-backed platforms — sourced from PitchBook, KPMG, Roofing Contractor, BizBuySell, IBISWorld, BLS, Verisk, and the Insurance Information Institute."
slug: "roofing-ma-statistics-2025"
canonical: "https://mainstreetwealth.ai/resources/roofing-ma-statistics-2025"
collection: "resources"
collection_name: "M&A Resources & Insights"
author: "Sukhrobjon Ismoilov"
category: "market-trends"
date_published: "2026-06-01T15:05:39.000Z"
date_modified: "2026-06-01T15:36:30.000Z"
token_estimate: 5635
source: "https://mainstreetwealth.ai/resources/roofing-ma-statistics-2025.md"
---

# Roofing M&A Statistics 2025: 50+ Data Points on the Private Equity Roll-Up


> Every cited statistic on roofing M&A activity in 2025 — deal counts, multiples, market size, the QXO–Beacon megadeal, hail-claims context, and the active PE-backed platforms — sourced from PitchBook, KPMG, Roofing Contractor, BizBuySell, IBISWorld, BLS, Verisk, and the Insurance Information Institute.

**Author:** Sukhrobjon Ismoilov  
**Published:** 2026-06-01  
**Updated:** 2026-06-01  
**Canonical:** https://mainstreetwealth.ai/resources/roofing-ma-statistics-2025

# Roofing M&A Statistics 2025: 50+ Data Points on the Private Equity Roll-Up

> **Headline stat (2024):** Private equity completed an all-time-high 82 investments in U.S. roofing companies — a 30% jump versus 2023 — according to [PitchBook data cited by PitchBook News](https://pitchbook.com/news/articles/valors-add-on-the-latest-in-pes-roofing-deal-spree).

> **Headline stat (2025):** Industry trade press tracking the consolidation expected approximately **134 disclosed roofing deals in 2025**, more than double the 2021 volume, with PE platforms acquiring a U.S. roofing operator roughly every 48 hours. ([Roofing Contractor](https://www.roofingcontractor.com/articles/101235-tariffs-talent-and-tech-the-new-rules-of-roofing-consolidation))

This page collects the most-cited 2024–2025 statistics on roofing M&A in one place, every figure linked to its primary source. It is built for owners weighing an exit, buyers underwriting platforms, and journalists or analysts looking for clean reference numbers.

**Last updated:** June 2026. We refresh this page quarterly as new PitchBook, KPMG, Roofing Contractor, BizBuySell, and IBISWorld data is published.

## Why roofing became private equity's favorite trade

Three forces converged. First, **fragmentation**: roofing is a $50B+ U.S. market where the top two operators combined hold roughly **4–6% market share**, according to [KPMG Corporate Finance](https://corporatefinance.kpmg.com/us/en/insights/2026/roofing-contracting.html). That is a roll-up thesis written into the structure of the industry.

Second, **non-discretionary demand**. Roof replacement is a needs-based purchase, often paid by insurance after a storm event. The [Insurance Information Institute](https://insuranceindustryblog.iii.org/convective-storm-losses-hit-historic-three-year-streak/) reports that hail accounts for as much as **80% of severe convective storm claims** in any given year, with roofs facilitating **70–90% of total insured residential catastrophic losses**. [Verisk](https://www.carriermanagement.com/brand-spotlight/verisk/verisk-roof-claims-topped-30b-in-2024-driven-by-wind-and-hail-losses/) tracked **roof claims topping $30 billion in 2024**, a nearly **30% increase since 2022**.

Third, **scale economics**. Larger platforms get better insurance-carrier relationships, better material pricing through national distributors, and the ability to deploy software (CRM, sales-rep enablement, AI inspection tools) that single-location operators cannot economically run.

The combination put roofing into the same league as HVAC and plumbing for institutional capital — and arguably ahead of them on deal velocity.

## Roofing M&A deal volume

| Metric | Value | Source |
|---|---|---|
| PE investments in U.S. roofing (2024) | **82**, all-time high, up **30% YoY** | [PitchBook](https://pitchbook.com/news/articles/valors-add-on-the-latest-in-pes-roofing-deal-spree) |
| Disclosed roofing deals expected (2025) | **~134**, more than 2x 2021 volume | [Roofing Contractor](https://www.roofingcontractor.com/articles/101235-tariffs-talent-and-tech-the-new-rules-of-roofing-consolidation) |
| Roofing contractors acquired (2024) | **134** wholly or partially | [Roofing Contractor](https://www.roofingcontractor.com/articles/100478-roofings-big-deal-what-contractors-need-to-know-about-private-equity-in-2025) |
| Roofing contractors acquired (2023) | **106** | [Roofing Contractor](https://www.roofingcontractor.com/articles/100478-roofings-big-deal-what-contractors-need-to-know-about-private-equity-in-2025) |
| Active PE-backed roofing platforms (mid-2025) | **56+**, up from ~17 two years prior | [BusinessExits](https://businessexits.com/sell-your-roofing-business/) |
| PE platform acquisition cadence (mid-2025) | **One platform deal every ~48 hours** | [Roofing Contractor](https://www.roofingcontractor.com/articles/101235-tariffs-talent-and-tech-the-new-rules-of-roofing-consolidation) |
| Q4 2025 PE deal count, construction & engineering (broad sector) | **458 deals**, up **65% YoY** and **19% QoQ** — record on PitchBook's dataset | [PitchBook](https://pitchbook.com/news/reports/q4-2025-construction-engineering-report) |
| Roofing-segment activity vs. construction services | KPMG: roofing transaction volume at **all-time high levels** in 2025 | [KPMG](https://corporatefinance.kpmg.com/us/en/insights/2026/roofing-contracting.html) |

### What the deal-volume numbers tell us

The PitchBook figure of 82 PE investments in 2024 captures only investments PitchBook's analysts could classify as private-equity-backed roofing transactions. The Roofing Contractor 134-deal figure is broader and includes wholly and partially acquired contractors (including add-ons made by existing PE platforms). The two are not directly comparable, but both show the same trajectory: roofing M&A roughly doubled between 2021 and 2024–2025.

The 56+ active PE-backed platforms count from [BusinessExits](https://businessexits.com/sell-your-roofing-business/) is the most useful single number for [owners considering a roofing exit](/industries/roofing). It means a competitive auction can realistically reach **dozens of pre-qualified institutional buyers** — a market depth that did not exist in roofing five years ago. We unpack what that competitive process looks like in [working with a roofing business broker](/industries/roofing-business-broker).

## The QXO–Beacon megadeal

The single largest 2025 transaction in the roofing-adjacent ecosystem was [QXO's $11 billion all-cash acquisition of Beacon Roofing Supply](https://investors.qxo.com/news/news-details/2025/QXO-Completes-Acquisition-of-Beacon-Roofing-Supply/default.aspx), closed on April 29, 2025 at $124.35 per share. The deal made QXO the largest publicly traded distributor of roofing, waterproofing and complementary building products in the United States, per [Paul, Weiss](https://www.paulweiss.com/insights/client-news/qxo-acquires-beacon-roofing-supply-in-11-billion-deal) (advisor to QXO).

Subsequent capital raises confirm the consolidation thesis is well-funded:

| Event | Amount | Source |
|---|---|---|
| QXO–Beacon acquisition (closed Apr 29, 2025) | **~$11 billion** | [QXO IR](https://investors.qxo.com/news/news-details/2025/QXO-Completes-Acquisition-of-Beacon-Roofing-Supply/default.aspx) |
| Apollo-led convertible preferred equity (Dec 2025) | **$1.2 billion** | [QXO IR](https://investors.qxo.com/news/news-details/2026/QXO-Announces-1-2-Billion-Convertible-Preferred-Equity-Investment-Led-by-Apollo-to-Fund-Future-Acquisitions/default.aspx) |
| Apollo + Temasek follow-on equity raise (Jan 2026) | **+$1.8 billion** | [Reuters](https://www.reuters.com/business/qxo-secures-additional-18-billion-financing-led-by-apollo-temasek-2026-01-12/) |
| QXO total announced equity firepower | **$3.0 billion** | [Roofing Contractor](https://www.roofingcontractor.com/articles/101745-qxo-boosts-funding-to-3b-as-m-and-a-pipeline-accelerates) |
| QXO long-range revenue target | **$50 billion by 2035** | [AInvest](https://www.ainvest.com/news/qxo-strategic-momentum-acquisition-driven-growth-valuing-catalytic-impact-apollo-1-2b-investment-2601/) |

### Why this matters for service contractors

Beacon is a building-products distributor, not a contractor — but its acquisition is the clearest signal that institutional capital views the roofing value chain as one of the most attractive places to put scaled equity to work. Distributors typically lead consolidation cycles by 12–24 months; service-contractor multiples follow.

## Roofing market size and growth

There is a wide spread of published market-size estimates because they measure different slices of the value chain (materials, distribution, contracting, services). The most-cited 2024–2026 figures:

| Source | Slice | Value |
|---|---|---|
| [IBISWorld](https://www.ibisworld.com/united-states/market-research-reports/roofing-contractors-industry/) | U.S. **Roofing Contractors** revenue (2026 est.) | **~$92.5 billion**, 5.0% 5-yr CAGR |
| [KPMG Corporate Finance](https://corporatefinance.kpmg.com/us/en/insights/2026/roofing-contracting.html) | U.S. roofing contracting market size | **$50–$100 billion** (highly fragmented) |
| [EMR / Roofing Contractor](https://www.roofingcontractor.com/articles/100478-roofings-big-deal-what-contractors-need-to-know-about-private-equity-in-2025) | U.S. roofing market (2024) | **$23.35 billion**, projected to **$41.5B by 2034 at 6.6% CAGR** |
| [Mordor Intelligence](https://www.mordorintelligence.com/industry-reports/united-states-roofing-market/market-size) | U.S. roofing market (2025 → 2031) | **$32.66B → $46.67B**, 6.13% CAGR |
| [Hyde Park Capital](https://www.hydeparkcapital.com/insights/industry-reports/roofing-services-market-insights-winter-2026/) | Roofing services TAM | **$29.5B+** ($8.2B asphalt, $5.7B single-ply, $5.0B sheet metal, $10.6B other) |

Top-two market concentration: **~4–6%**, per [KPMG](https://corporatefinance.kpmg.com/us/en/insights/2026/roofing-contracting.html). That is the math behind the roll-up thesis.

## Roofing valuation multiples (2024–2025)

EBITDA multiples in roofing trade in a wide band depending on size, mix, and recurrence. We aggregate published research below; ranges reflect the full spread of public commentary, not a single dataset.

| Source | Tier / Definition | EBITDA Multiple |
|---|---|---|
| [First Page Sage](https://firstpagesage.com/business/ebitda-valuation-multiples-for-construction-companies/) | Roofing, lower / median / upper | **5.9x / 8.4x / 11.1x** |
| [Regalis Capital](https://learn.regaliscapital.com/what-is-my-roofing-company-worth/) | Typical lower-middle-market roofing | **2.5x – 3.5x** EBITDA / **1.5x – 2.5x** SDE |
| [Hyde Park Capital](https://www.hydeparkcapital.com/insights/industry-reports/roofing-services-market-insights-winter-2026/) | Roofing services M&A | Platform-quality businesses well into the **high single digits** |
| [Roofing Exit Value](https://roofingexitvalue.com/) | Storm chasers vs. recurring book | **1–2x** vs. **4–6x** for restoration + commercial |
| [GF Data via Forvis Mazars](https://www.forvismazars.us/forsights/2025/09/q2-2025-middle-market-m-a-insights-signs-of-potential-recovery) | All PE-backed mid-market (cross-sector) | **7.2x** TEV/EBITDA average YTD 2025 |

### What drives the spread

The 2x–11x range is not noise — it reflects real differences in business quality. Buyers underwrite roofing on five primary dimensions:

1. **Recurring vs. one-time revenue mix.** Storm-chase or single-job retail businesses anchor the low end. Recurring commercial maintenance contracts and insurance-restoration programs anchor the high end.
2. **Insurance-restoration capability.** Companies with a documented insurance supplement process and trained estimators trade higher because the work is non-discretionary and well-funded.
3. **Commercial mix.** Commercial roofing (single-ply, sheet metal, EPDM, TPO) clears higher multiples than purely residential asphalt-shingle work because contracts are larger, less seasonal, and often multi-year.
4. **Sales engine quality.** A documented digital lead-gen and sales-rep system (with measured cost per acquisition) is the single largest multiple lever buyers test for in diligence.
5. **Owner independence.** A general manager and crew leads who run day-to-day operations remove key-person risk and protect the platform multiple.

## What's actually selling on the open market (BizBuySell)

For sub-$5M-revenue private roofing transactions, [BizBuySell](https://www.bizbuysell.com/roofing-business-for-sale/) is the largest public dataset. While they do not publish a roofing-specific median, they do publish neighboring categories:

- **Building & construction businesses**, 2021–2025: median sale price up **19%**, median asking price up **28%**. ([BizBuySell](https://www.bizbuysell.com/learning-center/valuation-benchmarks/building-construction/))
- **Electrical & mechanical contractors**, 2020–2024: median value up **45%+** from $595K to $875K. ([BizBuySell](https://www.bizbuysell.com/learning-center/valuation-benchmarks/electrical-mechanical-contractor/))
- **HVAC**, 2021–2025: median sale price up **23%** from $650K to $800K. ([BizBuySell](https://www.bizbuysell.com/learning-center/valuation-benchmarks/hvac/))
- **Plumbing**, 2021–2024: median value up **40%+** from $450K to $640K. ([BizBuySell](https://www.bizbuysell.com/learning-center/valuation-benchmarks/plumbing/))

These categories are reasonable proxies for the smaller end of the roofing market that does not show up in PitchBook's PE-backed dataset.

## Storm losses and roof claim frequency

Insurance demand is the demand floor for residential roofing. The cleanest figures:

| Stat | Value | Source |
|---|---|---|
| U.S. roof claims (2024) | **$30 billion+**, ~30% increase since 2022 | [Verisk via Carrier Management](https://www.carriermanagement.com/brand-spotlight/verisk/verisk-roof-claims-topped-30b-in-2024-driven-by-wind-and-hail-losses/) |
| Hail share of severe convective storm claims | **Up to 80%** in any given year | [Insurance Information Institute](https://insuranceindustryblog.iii.org/convective-storm-losses-hit-historic-three-year-streak/) |
| Roof share of total insured residential catastrophic losses | **70–90%** | [Insurance Information Institute](https://insuranceindustryblog.iii.org/convective-storm-losses-hit-historic-three-year-streak/) |
| 2023 U.S. severe-convective-storm losses | **~$60 billion** insured | [III via United Policyholders](https://uphelp.org/insurers-report-rising-hail-damage-claims/) |
| Annual U.S. hail property damage (long-run estimate) | **~$10 billion** for more than a decade | [Insurance Information Institute](https://insuranceindustryblog.iii.org/convective-storm-losses-hit-historic-three-year-streak/) |

For a roofing platform underwriting the next five years, the only number that matters in this section is the **30% increase in roof claims since 2022**. That is the demand backstop the consolidation thesis is paying for.

## Active PE-backed roofing platforms (representative, not exhaustive)

The roofing roll-up universe includes regional residential platforms, national commercial-roofing platforms, restoration specialists, and distributor-driven plays. A non-exhaustive list of named acquirers tracked in trade press:

- **CentiMark / QXO** (post-Beacon distribution scale) — [QXO IR](https://investors.qxo.com/news/news-details/2025/QXO-Completes-Acquisition-of-Beacon-Roofing-Supply/default.aspx)
- **Valor Equity Partners** add-ons — [PitchBook](https://pitchbook.com/news/articles/valors-add-on-the-latest-in-pes-roofing-deal-spree)
- **Huron Capital, AEA Investors, Golden Gate Capital** — [PE Hub](https://www.pehub.com/up-on-the-roof-11-pe-backed-deals/)
- **Fengate / CanPro Roofing Partners** (Canadian commercial) — [PE Hub](https://www.pehub.com/fengate-private-equity-launches-canadian-roofing-platform/)
- **TopBuild** roll-up of Progressive Roofing and 24+ acquisitions since 2022 — [TopBuild Investor Communications](https://stockanalysis.com/stocks/bld/transcripts/)

For the full set of ~56 platforms, [BusinessExits](https://businessexits.com/sell-your-roofing-business/) maintains a representative tracker. PitchBook's subscriber-only dataset is the canonical source for institutional users.

## Industry context: workers, establishments, fragmentation

A few structural data points round out the picture:

- The U.S. Bureau of Labor Statistics projects approximately **12,700 roofer openings per year** through the next decade, primarily replacement demand. ([BLS Occupational Outlook Handbook](https://www.bls.gov/ooh/construction-and-extraction/roofers.htm))
- BLS Quarterly Census of Employment and Wages tracks NAICS 238160 (Roofing Contractors) as a discrete category, which buyers use as the spine for their TAM modeling. ([BLS OEWS](https://www.bls.gov/oes/2023/may/naics5_238160.htm))
- Roofing remains heavily **owner-operated and unbranded** at the local level — the structural condition that PE platforms are exploiting through sales, marketing, and tech-stack standardization.

## Methodology and limitations

A note on how to read these numbers:

- **PitchBook** is the canonical source for PE-backed deal counts. The 82-deal 2024 figure is the most quoted because it is the least debatable.
- **Roofing Contractor**'s 134-deal figure is broader (it counts wholly and partially acquired roofing contractors, including platform add-ons) and is the better number for understanding total industry activity.
- **Multiples** vary widely because public ranges combine main-street businesses (sub-$1M EBITDA) with platform-quality companies. Always cite the underlying sample.
- **Market-size estimates** range from ~$23B (EMR's narrow contractor view) to ~$92B (IBISWorld's broader contractor revenue base) to **$50–$100B** (KPMG). They are not in conflict — they measure different slices.
- **Storm-loss numbers** (Verisk, III) are insurance-industry data, not roofing-industry data. They are the demand backstop, not the revenue.

## How owners should interpret 2025–2026

Three takeaways for founders considering an exit:

1. **The buyer universe is real, deep, and well-funded.** 56+ active PE-backed platforms is a competitive auction, not a one-buyer negotiation. [Run a process](/industries/roofing-business-broker).
2. **Multiples are bimodal.** The gap between a 2.5x storm-chase business and an 8x+ recurring-revenue / commercial / insurance-restoration platform is the largest in any home-services trade. Positioning is the single biggest pre-sale lever.
3. **The window is open, not closed.** Capital is committed (QXO's $3B alone, plus dozens of PE platforms with 2–4 years left in their funds). Owners with $1M+ EBITDA who run a clean process in 2026 are entering one of the strongest seller markets in any home-services category.

## Use this data

We update this page quarterly. If you want to cite a specific statistic, please link directly to the section heading and credit Main Street Wealth alongside the primary source.

If you own a roofing business and want to translate this market data into a confidential exit conversation, see our [roofing M&A overview](/industries/roofing) or learn how a [specialized roofing business broker](/industries/roofing-business-broker) runs a sell-side process for $1M+ EBITDA founders. 

## Primary sources

- [PitchBook — "Valor's add-on the latest in PE's roofing deal spree"](https://pitchbook.com/news/articles/valors-add-on-the-latest-in-pes-roofing-deal-spree)
- [PitchBook — Q4 2025 Construction & Engineering Report](https://pitchbook.com/news/reports/q4-2025-construction-engineering-report)
- [KPMG Corporate Finance — Roofing Contracting (2026)](https://corporatefinance.kpmg.com/us/en/insights/2026/roofing-contracting.html)
- [KPMG Corporate Finance — M&A Market Update 2025](https://corporatefinance.kpmg.com/us/en/insights/2025/roofing-contracting-ma-market-update.html)
- [Roofing Contractor — Tariffs, Talent and Tech](https://www.roofingcontractor.com/articles/101235-tariffs-talent-and-tech-the-new-rules-of-roofing-consolidation)
- [Roofing Contractor — Roofing's Big Deal](https://www.roofingcontractor.com/articles/100478-roofings-big-deal-what-contractors-need-to-know-about-private-equity-in-2025)
- [Roofing Contractor — QXO Boosts Funding to $3B](https://www.roofingcontractor.com/articles/101745-qxo-boosts-funding-to-3b-as-m-and-a-pipeline-accelerates)
- [QXO — Beacon Acquisition Close](https://investors.qxo.com/news/news-details/2025/QXO-Completes-Acquisition-of-Beacon-Roofing-Supply/default.aspx)
- [Reuters — QXO Adds $1.8B in Firepower](https://www.reuters.com/business/qxo-secures-additional-18-billion-financing-led-by-apollo-temasek-2026-01-12/)
- [Paul, Weiss — QXO–Beacon $11B Deal](https://www.paulweiss.com/insights/client-news/qxo-acquires-beacon-roofing-in-11-billion-deal)
- [Verisk via Carrier Management — Roof Claims Topped $30B in 2024](https://www.carriermanagement.com/brand-spotlight/verisk/verisk-roof-claims-topped-30b-in-2024-driven-by-wind-and-hail-losses/)
- [Insurance Information Institute — Convective Storm Losses](https://insuranceindustryblog.iii.org/convective-storm-losses-hit-historic-three-year-streak/)
- [IBISWorld — Roofing Contractors in the US](https://www.ibisworld.com/united-states/market-research-reports/roofing-contractors-industry/)
- [BizBuySell — Building & Construction Benchmarks](https://www.bizbuysell.com/learning-center/valuation-benchmarks/building-construction/)
- [BizBuySell — HVAC Benchmarks](https://www.bizbuysell.com/learning-center/valuation-benchmarks/hvac/)
- [BizBuySell — Plumbing Benchmarks](https://www.bizbuysell.com/learning-center/valuation-benchmarks/plumbing/)
- [BizBuySell — Electrical & Mechanical Contractor Benchmarks](https://www.bizbuysell.com/learning-center/valuation-benchmarks/electrical-mechanical-contractor/)
- [Hyde Park Capital — Roofing Services Market Insights, Winter 2026](https://www.hydeparkcapital.com/insights/industry-reports/roofing-services-market-insights-winter-2026/)
- [Mordor Intelligence — U.S. Roofing Market](https://www.mordorintelligence.com/industry-reports/united-states-roofing-market/market-size)
- [First Page Sage — Construction EBITDA & Valuation Multiples 2025](https://firstpagesage.com/business/ebitda-valuation-multiples-for-construction-companies/)
- [Regalis Capital — What Is My Roofing Company Worth?](https://learn.regaliscapital.com/what-is-my-roofing-company-worth/)
- [BusinessExits — Sell Your Roofing Business](https://businessexits.com/sell-your-roofing-business/)
- [PE Hub — Up on the Roof: 11 PE-Backed Deals](https://www.pehub.com/up-on-the-roof-11-pe-backed-deals/)
- [BLS — Roofers Occupational Outlook](https://www.bls.gov/ooh/construction-and-extraction/roofers.htm)
- [BLS OEWS — NAICS 238160 Roofing Contractors](https://www.bls.gov/oes/2023/may/naics5_238160.htm)
- [GF Data via Forvis Mazars — Q2 2025 Middle-Market M&A Insights](https://www.forvismazars.us/forsights/2025/09/q2-2025-middle-market-m-a-insights-signs-of-potential-recovery)