flexiblefullpage - default
interstitial1 - interstitial
Currently Reading

Cranemere Purchases Share of System Pavers

billboard -
Home Improvement

Cranemere Purchases Share of System Pavers

The private equity deal will afford the outdoor remodeler the resources to offer its services nationwide

By Drew Barto September 29, 2022
Cranemere invests in System Pavers

The largest outdoor remodeling company in the country is about to get even bigger.

As part of an ongoing trend of private equity firms investing in home improvement companies, The Cranemere Group has acquired an undisclosed share of System Pavers. The deal was announced on September 14, 2022. This move will help support System Pavers’ goal of expanding into dozens of new markets, beginning with Phoenix in the first quarter of 2023.

While private equity firms often invest with a goal to quickly increase the value of businesses before turning around and selling them at a profit within four to six years, company officials indicated the partnership with Cranemere is designed to last a long time.

“Cranemere is a great fit for us as a long-term hold and not what you would consider traditional private equity,” said System Pavers’ Chief Executive Officer Syed Zaidi. “We’re the seventh company in their portfolio and they haven’t sold any of their businesses. This (long-hold structure) allows us to invest in the right areas of the business that will drive long-term value.”

System Pavers, celebrating its 30th year in business in 2022, is a leader in designing and installing direct-to-consumer outdoor remodeling services. Founded by Larry Green–now executive chairman–and Chief Innovation Officer Doug Lueck, System Pavers has completed projects for more than 85,000 homeowners. Green and Lueck will continue to be a part of the ownership structure.

The Cranemere Group, based in London with offices in New York and Washington D.C., is a holding company focusing on the direct-to-consumer business model. This is the firm’s first venture into the home improvement and outdoor remodeling spaces.

“We’re built for the long haul and built for expanding across the country,” said Zaidi. “Cranemere shares our same values and beliefs. They fit really well with our organizational structure and our culture.”

written by

Drew Barto

Drew Barto is director of home improvement for Pro Remodeler. He most recently served as the Director of Marketing at Energy Swing Windows in Pittsburgh. Contact him at dbarto@sgcmail.com or 412-607-7820.

Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and email addresses turn into links automatically.
  • Lines and paragraphs break automatically.
leaderboard2 - default

Related Stories

How to Stop Selling and Start Closing Sales

One of the biggest mistakes a salesperson can make is viewing the sales process as a one-sided transaction

Home Improvement Success: Luck, Hard Work, or Who You Know?

Even the most brilliant marketing mind could see fewer opportunities due to lack of networking

Homeowner Trends When Selecting Manufactured Stone

On this episode of Rock Stars of Remodeling, ProVia Product Manager of Stone & Roofing Chance Shalosky joins host Drew Barto to reveal design and color trends that contractors should consider when selling manufactured stone in 2024

Why A Successful Custom Remodeler Started a One-Day Bath Business

On this episode of Rock Stars of Remodeling, Showcase Remodels Owner Sam DeMaio shares why he decided to add a one-day bath business and offers tips on how contractors can accumulate wealth

Learn from the Best in Home Improvement and Remodeling

This year’s Pinnacle Experience aims to help remodelers stay ahead of their competitors by featuring captivating keynote speakers and subject matter experts, collaborative roundtable discussions, and networking with proven players from across the country.

Get the Most Out of Your Teams with This Leadership Style

The transformational leadership style focuses on inspiring and motivating team members to achieve their full potential and exceed their expectations

3 Reasons Contractors Should Set Same-Day Sales Appointments

Director of Home Improvement Drew Barto writes that contractors that aren't implementing same-day sales appointments are missing out on opportunities to close more business

Registration Open for The Pinnacle Experience 2024

Register today for The Pinnacle Experience 2024 in Baltimore from June 26-28. Join the best and brightest in home improvement and remodeling for insight, advice, and relationship-building that will help you take your business to new heights.

How Contractors Can Determine Lead Value

On this episode of Rock Stars of Remodeling, Builder Prime Founder and CEO Jonathan Weinberg reveals how contractors can effectively determine the value of each lead to their business, and why they must do so

24 Marketing Tips for Home Improvement Contractors in 2024

Quick-hitting advice on how contractors can increase and enhance lead flow in 2024

boombox2 -
halfpage2 -
native1 -

More in Category

native2 -
halfpage1 -
leaderboard1 -