Two long-running Emerald Coast contractors are becoming one shop. Bel-Mac Roofing, which dates to 1995, and Seashore Construction, founded in 2005, are combining under the Bel-Mac name with an investment from ACACIA Exterior Building Group, a new roofing and exterior platform based in Alexandria, Virginia (via Bel-Mac).
The combined company keeps offices in Santa Rosa Beach and Pensacola. Bel-Mac brings commercial and residential roofing, from TPO, PVC and modified bitumen to tile, shingle and standing-seam metal, along with coatings and maintenance work. Seashore adds waterproofing, concrete repair, exterior restoration and general construction. Together they're pitching a single source for roofing, waterproofing and coatings, concrete restoration, cladding and siding, structural and framing work, and building envelope rehab. Their stated customers are property owners and managers, condominium associations, developers and general contractors.
Existing local leadership stays in place, according to the announcement. "Bel-Mac is a family business in more ways than one, and it has been a staple of this community since 1995," Travis Bell said in the PR Newswire version of the release. Alex R. Kish called the combination "an exciting new chapter for both companies." Neither man's title was given, and no price or deal terms were disclosed.
ACACIA is the money and the network behind the deal. The group launched publicly in late October with two regional platforms: this one on the Gulf Coast and NECC in the Mid-Atlantic, which merged Alexandria's Northeast Contracting Company with Ducks Roofing of Portsmouth, Virginia. ACACIA's investment partner is RCap Equity, an affiliate of Renovus Capital Partners, which the release says manages more than $2 billion. CEO Cagen Williams lived in Northwest Florida for more than 30 years before moving to the D.C. area, and he said investing in "two strong local businesses and the people behind them is incredibly meaningful."
ACACIA says it will keep the local names and teams, put money into operations and the workforce, and use its wider network to help the companies go after larger, more complex projects.
Why it matters for Contractors
The customer list tells you where this is aimed. Florida's post-Surfside condo safety law, SB 4-D from 2022, requires milestone structural inspections for condo and co-op buildings three stories or taller and reserve studies that cover roofs, load-bearing walls and other structural items. For coastal associations, the fixes that come out of those reviews can bundle roofing, waterproofing and concrete repair into one scope, which is exactly what this merger lines up under one contract.
For smaller roofers and restoration shops between Santa Rosa Beach and Pensacola, that means a better-capitalized competitor on association bids, but also a potential sub or acquisition suitor. If you own a shop and get a call from an investor group, know what your company is worth and what "local leadership stays" means in writing before you talk terms.