Citizens Financial : Advises Eagle Merchant Partners on its Acquisition of Eskola Roofing & Waterproofing

01/26/2023

Citizens Advises Eagle Merchant Partners on its Acquisition of Eskola Roofing & Waterproofing

PROVIDENCE, RI - Citizens M&A Advisory served as the financial advisor to Eagle Merchant Partners on its acquisition of Eskola Roofing & Waterproofing, a leading provider of commercial roofing and waterproofing services.

Eagle Merchant Partners is an Atlanta-based private equity firm focused on investments in founder-owned companies with unique growth opportunities. EMP is currently investing out of Fund I.

Founded in 1972 by their father and operated by brothers Jon and Ben Eskola, Eskola is a leading provider of reoccurring commercial roofing and waterproofing services with a diversified customer base centered on education, infrastructure and healthcare.

Eagle Merchant Vice President Brady Sumner said: "The Citizens team has been a valued partner as we developed our investment thesis in the roofing sector and viewed Eskola as an excellent fit for Eagle."

Ryan Sugrue, managing director at Citizens M&A Advisory, said: "We are bullish on the long-term opportunity in the roofing sector and are excited to watch the future success of this new partnership."

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 150 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $226.7 billion in assets as of December 31, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,200 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

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