D.A. Davidson Acts as Financial Advisor to Eskola Roofing & Waterproofing on Its Majority Equity Investment from Eagle Merchant Partners

ATLANTA--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Eskola Roofing & Waterproofing (Eskola) on its majority recapitalization with Eagle Merchant Partners (Eagle). Eskola is a commercial roofing contractor with four Tennessee locations, Knoxville, Nashville, Morristown, and Memphis, and a fifth location in Lexington, Kentucky.

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 in a coveted region of the country. Jon Eskola and Ben Eskola will remain in their leadership positions, carrying on the company’s rich history while overseeing the continued growth throughout the Southeast.

“D.A. Davidson crafted and executed a thorough and strategic process, helping us find in Eagle Merchant Partners the ideal partner to accelerate Eskola’s growth. We are extremely grateful to Davidson’s Diversified Industrials Investment Banking Group, as they guided us every step of the way and delivered a fantastic outcome to our shareholders and employees. David Morse and the Davidson team profoundly understood our business and expertly articulated our strategy and goal of becoming the leading commercial roofing company in the Southeast. We are thrilled to be partnering with Eagle and excited for what the future holds for Eskola, our employees, and our customers,” said Jon Eskola, Owner, President, and Vice President of Operations at Eskola.

David Morse, Managing Director in D.A. Davidson’s Diversified Industrials Investment Banking Group, said: “Eskola’s exceptional growth is a testament to its best-in-class service and customer value proposition. Jon and Ben Eskola have built an impressive, growth-oriented organization and sought a partner to support Eskola's continued expansion through both organic and acquisition initiatives. Eagle Merchant Partners’ expertise in facility services, partnership approach, and extensive resources are a perfect fit for Eskola as they become the leading commercial roofer in the Southeast. We look forward to the company’s continued growth and success.”

D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,525 employees and offices in 27 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

For more information, visit dadavidson.com.