PAX SERVICES GROUP ACQUIRES HI-TECH ROOFING & SHEET METAL

Addition expands PAX's presence in Florida

MILLERSVILLE, Md., March 27, 2025 /PRNewswire/ -- PAX Services Group ("PAX"), a leading provider of roofing and exterior services, has acquired South Florida-based Hi-Tech Roofing & Sheet Metal ("Hi-Tech" or "the Company"). The Hi-Tech management team, including owner Mike Daley, will remain with the company. This collaboration marks PAX's second venture into the state of Florida following the launch of a greenfield office in Pompano Beach, and underscores PAX's dedication to expanding its services in the Southeast region. PAX is a portfolio company of New State Capital Partners ("New State"), a middle market private equity firm with over a decade of experience partnering with entrepreneurially minded management teams. Terms of the transaction were not disclosed.

Founded in 2000, Hi-Tech has built a reputation for delivering high-quality roofing systems with a strong emphasis on superior craftsmanship and customer satisfaction. With expertise in commercial, industrial, and institutional roofing, Hi-Tech has been a trusted partner for businesses, healthcare facilities, and educational facilities.

"We are excited to welcome Hi-Tech into our growing platform," said Mike Wade, Chief Executive Officer of PAX. "The Company's commitment to quality, innovation, and customer service aligns perfectly with PAX's core values. This acquisition allows us to expand our current operations in South Florida while continuing to provide top-tier roofing and building envelope solutions for our customers."

The integration of Hi-Tech's team and resources will provide customers with an expanded breadth of services across the entire building envelope, while ensuring projects are completed efficiently, safely, and with the highest industry standards. Existing Hi-Tech customers can expect a seamless transition, with continued support from the same trusted professionals they have worked with for years.

"We could not be more thrilled to partner with PAX. Hi-Tech's foundation was built on strong relationships — with our customers, suppliers, employees, and the broader community. We look forward to driving growth together, while upholding the exceptional work quality, customer service, and strong relationships that Hi-Tech is known for," stated Mr. Daley.  

"The continuation of our expansion into Florida marks a significant milestone in PAX's evolution, further strengthening our ability to provide complete building services across a broader region," said Shaun Vasavada, Principal at New State. "This growth brings us closer to our goal of establishing PAX as the nation's premier exterior services company. New State remains committed to partnering with the PAX team as they continue to pursue additional organic and M&A opportunities."

Calfee, Halter & Griswold LLP acted as legal advisors to PAX Services Group. Gunster acted as legal advisor for Hi-Tech Roofing & Sheet Metal.

About PAX Services Group
PAX Services Group, formerly known as Patuxent Roofing & Contracting, Inc., is an innovative building envelope company providing comprehensive roofing, waterproofing and restoration services. Our companies serve commercial, institutional, and industrial clients with large-scale facilities and mission critical operations — allowing facilities to operate at capacity with little or no disruption. From emergency repairs to complex design and build projects, we offer our clients a complete end-to-end partnership with precision driven solutions — protecting your building from the outside in. For more information visit https://paxservicesgroup.com/

About New State Capital Partners
New State Capital Partners is an entrepreneurial-minded private equity firm that strives to be nimble, decisive, and cooperative. The Firm takes a long-term approach, partnering with company founders and independent sponsors in an effort to create lasting value. New State seeks to invest in market-leading, middle market companies with services-based business models and has completed over 45 acquisitions to date. For more information, visit www.newstatecp.com.

Media contact:

Lambert by LLYC
Joanne Lessner, [email protected], 212-222-7436
Caroline Luz, [email protected], 203-570-6462

SOURCE New State Capital Partners