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MN | NAICS 238160

Roofing Business Valuations in Minnesota

Minnesota's harsh winters and severe summer storms create year-round roofing demand. The Minneapolis-St. Paul metro is a major market with strong commercial and residential sectors. High labor standar...

7,200
Total Employment
$48K
Avg Annual Wage
920
Establishments
moderate
PE Activity

Market Analysis

Minnesota's harsh winters and severe summer storms create year-round roofing demand. The Minneapolis-St. Paul metro is a major market with strong commercial and residential sectors. High labor standards and licensing requirements create barriers that benefit established operators.

Market Rank
#18 nationally
Storm Activity
High (hail, ice)
Growth Rate
1.8% annually
PE Deals (2023-2025)
5+

PE Buyer Activity in Minnesota

Minnesota has seen steady private equity interest with 5+ completed transactions since 2023. The state's location quotient of 1.46 reflects above-average roofing industry concentration. PE firms view Minnesota 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
1.46
Above national average
Typical Multiple Range
5.5-7.5x
EBITDA multiple for qualified businesses

Top Metro Areas

MinneapolisSt. Paul
Rochester
Duluth

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