WASHINGTON, Iowa--(BUSINESS WIRE)--Brava Roof Tile (“Brava”), the leading independent provider of composite roofing materials in the U.S., today announced an investment from Golden Gate Capital, a San Francisco-based private equity firm. Brava’s management team, including Chief Executive Officer Adam Brantman and Chief Manufacturing Officer Andrew Ahrens, will continue to lead the Company and remain significant shareholders after close. Brava will remain headquartered in Washington, Iowa. Financial terms were not disclosed.
Founded in 2008, Brava is a leading manufacturer of high-performance, compression-molded roofing tiles that are created from recycled materials and deliver architecturally pleasing, durable and cost-competitive solutions to homeowners. Brava’s durable roofing materials can withstand even the most extreme weather conditions and have best-in-class hail and fire resistance. As a result, homeowners are protected with a safer, longer-lasting roof, better insurance coverage, and lower maintenance costs, when compared to traditional roofing materials. The Company’s proprietary compression molded manufacturing process and patented coloring technique enables unrivaled product quality, consistency and realism that outperforms competitors.
Over the past decade, Brava has experienced rapid growth amidst increasing consumer adoption and contractor demand for composite roofing, and the Company has focused on expanding production capacity in order to meet record demand. Golden Gate Capital’s investment will provide additional resources to support this expansion.
“This investment is a testament to the quality of our product, our best-in-class team, and our runway for future growth,” said Mr. Brantman. “Partnering with Golden Gate Capital will enable us to accelerate our growth trajectory and become the leading national platform for composite roofing solutions.”
Mr. Ahrens added, “Brava has successfully catalyzed the transition to sustainable composite roofing products that provide an eco-friendly, yet durable solution. We’re excited to continue investing in production capacity and product innovation to meet ever-growing demand.”
“Brava is a true industry disruptor and the clear supplier of choice for premium composite roofing products,” said Javier Puig, a Managing Director at Golden Gate Capital. “The Company’s impressive momentum reflects the superior quality of its products and strength of its brand. We have deep admiration for Adam, Andrew and the entire Brava team, and we are fully aligned with their strategy and vision. Brava is exceptionally well-positioned to capitalize on industry tailwinds, and we look forward to supporting the Company in its next chapter.”
Raymond James served as financial advisor and Holland & Knight LLP served as legal advisor to Brava. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Ropes & Gray LLP served as legal advisors to Golden Gate Capital.
About Brava
Brava is a manufacturer of beautifully authentic, high-performance synthetic roofing cedar shakes, slate, and spanish barrel tiles and is on a mission to bring innovative and sustainable building products to market. For more information, visit www.bravarooftile.com.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity firm focused on partnering with management teams to build exceptional consumer, industrials, technology, and financial services companies. Since its founding in 2000, the firm has managed approximately $20 billion in cumulative committed capital. For more information, visit www.goldengatecap.com.