Scored roofing listings.
Anonymized observations from real roofing contractor acquisitions evaluated against the four-pillar framework. Each entry reports what was observed and what happened. Neutral evaluation; no recommendations.
3 scored listings
Q2 2026
01 · Upper band
Score band 75–85
Roofing contractor, 61% replacement and maintenance revenue, warranty reserve in cost structure
Observed: Re-roofing and maintenance revenue at 61% of trailing total. Storm-insurance revenue 39% — all normalized to 3-year average. Workmanship warranty reserve accrued at 3% of revenue. No storm-event year in trailing 12 months. Manufacturer preferred-contractor status held by entity.
Outcome: Signed at 3.2× SDE. Lender DSCR 1.24× after warranty reserve normalization. Closed without repricing.
Composite →02 · Mid-band
Score band 55–65
Roofing contractor, 44% maintenance, partial storm-year normalization required, warranty tail unquantified
Observed: Maintenance and replacement revenue at 44%. Storm-insurance revenue 56% with one above-average hail event year in trailing period. No warranty reserve in seller P&L. Subcontractor crews primarily owner-relationship-dependent. Supplement revenue above 3-year average.
Outcome: Initial ask 3.1× storm-year SDE. After storm normalization, warranty reserve accrual, and supplement revenue restatement, adjusted SDE declined 29%. Repriced to 2.4× adjusted SDE. Crew portability risk priced into $120,000 seller note with 12-month retention milestone.
Composite →03 · Lower band
Score band 30–40
Storm-chasing roofing contractor, 88% insurance-claim revenue, warranty tail unpriced
Observed: Storm and insurance-claim revenue at 88% of trailing total across two above-average hail event years. No maintenance revenue base. Warranty reserve absent from P&L. Insurance supplement supplement income inflating gross margin by an estimated 14%. Subcontractor crews with no entity agreements.
Outcome: Buyer submitted LOI at 2.8× storm-year SDE. After storm normalization, warranty reserve, and supplement restatement, adjusted SDE declined 71%. DSCR on normalized SDE was 0.79×. Financing declined. Deal terminated.
Composite →
Listings above are anonymized composites pending the publication of consented case studies. Each scored listing has its own URL — citable, shareable, long-tail-SEO eligible. Composites preserve the structural pattern without identifying the specific deal, seller, or broker.
How to read these
What each scored listing reports.
Band placement
Where in the multiples band the deal sat — upper, mid, or lower third. Tied to the structural conditions in the Atlas.
Observed
The specific structural conditions documented in diligence — the four pillars applied to the specific deal.
Outcome
What happened — closed, repriced, financing fell through, walked. We report. We do not claim the score "told you to" do anything.