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MI | NAICS 238160

Roofing Business Valuations in Michigan

Michigan's roofing market is driven by harsh winters, aging housing stock, and a recovering economy. The Detroit metro has significant commercial roofing demand, while West Michigan (Grand Rapids) is ...

10,400
Total Employment
$44K
Avg Annual Wage
1,420
Establishments
moderate
PE Activity

Market Analysis

Michigan's roofing market is driven by harsh winters, aging housing stock, and a recovering economy. The Detroit metro has significant commercial roofing demand, while West Michigan (Grand Rapids) is one of the fastest-growing regions in the state.

Market Rank
#11 nationally
Housing Stock Age
Above national avg
Growth Rate
1.9% annually
PE Deals (2023-2025)
6+

PE Buyer Activity in Michigan

Michigan has seen steady private equity interest with 6+ completed transactions since 2023. The state's location quotient of 1.36 reflects above-average roofing industry concentration. PE firms view Michigan as a strategic market for regional platform expansion, particularly targeting companies with strong operational infrastructure and recurring revenue components. Multiples are competitive for well-positioned businesses that demonstrate growth potential and reduced owner dependency.

Location Quotient
1.36
Above national average
Typical Multiple Range
5.5-7.5x
EBITDA multiple for qualified businesses

Top Metro Areas

Detroit
Grand Rapids
Ann Arbor
Lansing

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