NEW CANAAN, Conn., Aug 3, 2021 /PRNewswire/ — Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs and management teams, today announced an investment in Erie, a leading consumer direct products and services company, primarily fiber and metal roofing solutions. The financial terms of the transaction have not been disclosed.
For nearly 40 years, Erie has provided quality home remodeling products and services across the Midwest and across the country, providing its customers with a one-stop, high-touch sales, service, and instant installation experience. Today, the company operates in 37 field offices in 19 states and the District of Columbia and offers a wide range of high quality fiberglass and metal roofing products and other solutions that protect and enhance the appearance and value of the home.
Erie will continue to be led by its current management team, maintain its headquarters and operations in Toledo, and continue to grow through its existing and growing network of field offices.
“We have known the Gridiron team for years and are excited to cement a partnership with them,” said Pat Trumpeter, Founder and CEO of Erie. “Gridiron has a deep understanding of our direct-to-consumer business model, including lead generation, in-home sales, installation and a constant focus on our customers. My extended Erie team and I look forward to the growth opportunities that will come from our partnership with Gridiron.”
“Erie has an impressive track record of growth and an unparalleled legacy as an industry pioneer, driven primarily by an unwavering focus on customer service and satisfaction,” said Tom Burger, Co-Founder and Managing Partner at Gridiron Capital. “We are excited to partner with Pat and the Erie management team to align Gridiron’s capabilities and industry experience with Erie’s exceptional talent and knowledge to capitalize on the significant career path for growth in the attractive market for rethinking houses.”
Joe Saldutti, Managing Director at Gridiron Capital, added: “There is a strong cultural fit and shared entrepreneurial spirit between the Erie and Gridiron teams. We look forward to working with Pat, Randy, Aaron, Chad, Adam and the entire Erie team to support their growth and position the company for long-term, continued success.”
Benesch, Friedlander, Coplan & Aronoff LLP acted as legal counsel to Gridiron Capital. Erie was advised by Berenson LLP.
About Gridiron Capital, LLC
Gridiron Capital is an investment company focused on partnering with founders, entrepreneurs and management teams and on creating value by building mid-sized companies into market leaders in branded consumer, B2B and B2C services and industrial niche segments in the United States and Canada. We help transform growing businesses by winning together through hard work, partnerships based on shared values, and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run a successful business every day. Additional information is available on the company’s website: www.gridironcapital.com.
For more than 30 years, Erie has been selling, supplying and installing high-quality home products that enhance and protect the home and increase the value of the homeowner’s most valuable asset. Founded in 1982, Erie has grown from its roots in the Midwest into a national company that provides one-stop shopping for those looking to improve their home. Erie provides an end-to-end service and product solution to its customers by handling all aspects of the renovation and home improvement process. From lead generation to final installation and warranty, Erie oversees everything from start to finish, giving their customers the peace of mind that comes with doing business with a company that offers hands-on expertise at every stage of the customer experience. Additional information is available on the company’s website: www.erieconstruction.com
For additional information:
Gridiron Capital, LLC:
Thomas A. Burger Jr., Co-Founder and Managing Partner
Contact Gridiron Capital Media:
Jon Keehner / Julie Hamilton / Erik Carlson
Joel FrankWilkinson Brimmer Katcher
Pat Trumpeter, Director
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SOURCE Gridiron Capital, LLC