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UT | NAICS 238160

Roofing Business Valuations in Utah

Utah's explosive population growth and construction boom make it one of the fastest-growing roofing markets. The Salt Lake City metro is the primary market, with strong new construction and commercial...

4,400
Total Employment
$43K
Avg Annual Wage
560
Establishments
moderate
PE Activity

Market Analysis

Utah's explosive population growth and construction boom make it one of the fastest-growing roofing markets. The Salt Lake City metro is the primary market, with strong new construction and commercial demand. Hail events along the Wasatch Front drive storm restoration work.

Population Growth
Top 3 nationally
New Construction
Well above average
Growth Rate
3.4% annually
PE Deals (2023-2025)
4+

PE Buyer Activity in Utah

Utah has seen steady private equity interest with 4+ completed transactions since 2023. The state's location quotient of 1.62 reflects above-average roofing industry concentration. PE firms view Utah 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
1.62
Above national average
Typical Multiple Range
5.5-7.5x
EBITDA multiple for qualified businesses

Top Metro Areas

Salt Lake City
Provo
Ogden
St. George

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