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Rotunda Capital Partners Invests in Door Pro America

Gracie Gottlieb | 30 November, 2023

Door Pro America: A Leader in Residential Garage Door Services In an exciting development for the residential garage door services industry, Rotunda Capital Partners has announced its investment in Door Pro America. Door Pro is a prominent direct-to-consumer installer and service provider of residential garage doors, with a strong presence in eight strategic locations throughout the United States. This partnership is set to elevate Door Pro's position as one of the largest and most reputable residential garage door service providers in the country. Headquartered in Gainesville, Virginia, Door Pro has experienced rapid growth since its establishment in 1998. Today, the company serves customers across the U.S., with facilities in Virginia, Maryland, Illinois, Washington, Oregon, New York, New Jersey, and Colorado. With a market-leading reputation, Door Pro is recognized for its installation of Amarr Garage Doors & Commercial Doors and LiftMaster garage doors and openers. Additionally, the company is rapidly establishing itself as a premier provider of 24/7 maintenance services, catering to the residential repair, replacement, and new installation markets. Co-Presidents Larry Notto and Chris Traxler will continue to lead the company and maintain an ownership stake alongside Rotunda Capital Partners Fund III. In conjunction with the investment, the company has partnered with Jeff Mick, the former President of Amarr Garage Doors & Commercial Doors, who will serve as a strategic advisor and member of the Board of Directors. Dan Lipson, a Rotunda Managing Partner, expressed excitement about the partnership, stating, "Door Pro is one of the premier national platforms in the residential garage door services industry. We are excited to partner with Larry, Chris, and the team to build on the Company's track record of growth and success, leveraging our significant experience in the residential services space." John Fruehwirth, a Managing Partner at Rotunda, added, "Door Pro's growth potential and position as the acquiror of choice for residential garage door service providers looking for growth investments is evident. We quickly recognized the company's merits and believe in its ability to thrive in the market." With an extensive background in the residential services sector, Rotunda has previously invested in Storm Smart, Canter Power Systems, and U.S. Waterproofing. The partnership with Door Pro aligns with Rotunda's strategy of investing in family and founder-owned companies within this industry, facilitating their growth and scalability. Co-President Larry Notto expressed his confidence in the partnership, stating, "From my first meeting with the Rotunda team, I knew they would be the best partner to help us take Door Pro to the next level. Their expertise and track record in residential services are extremely impressive, and their experience in growing founder-owned businesses is well recognized. Both Chris and I look forward to leveraging Rotunda's resources and experience to accelerate our company's growth." Rotunda Principal Ryan Aprill emphasized the success of Rotunda's sourcing approach, stating, "Door Pro is another successful example of Rotunda's differentiated and thematic approach to partnering with family and founder-owned companies. We have been working with Jeff to identify the right platform in the residential garage door service industry, and we believe we have found it in Door Pro. Rotunda is excited to continue scaling the business, both organically and through acquisitions." This investment marks the third platform in Rotunda's latest fund, Rotunda Capital Partners Fund III, L.P. The Rotunda team, including Dan Lipson, John Fruehwirth, Ryan Aprill, Cara Hauan, and Karthik Munugala, played a crucial role in facilitating this partnership. Legal counsel for Rotunda was provided by Benesch Friedlander Coplan & Aronoff LLP. About Door Pro America Door Pro America is a leading provider of residential garage door services across the U.S. With a strong focus on install, repair, and replacement services, Door Pro America has built a reputation for delivering the highest quality customer service in each of its eight markets. The company holds Double Diamond and Premier dealer status with Amarr Garage Doors & Commercial Doors and LiftMaster. For more information, visit www.doorproamerica.com. About Rotunda Capital Partners Rotunda Capital Partners is a private equity firm that specializes in transforming family-founder owned companies into dynamic, growth-oriented platforms. Since its establishment in 2009, Rotunda has partnered with management teams to create exceptional businesses across various sectors, including value-added distribution, asset-light logistics, and industrial, business, and residential services. Rotunda's approach focuses on strategic alignment, lean processes, and data-driven infrastructures to drive sustainable growth. For more information, visit www.rotundacapital.com.

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