Private equityDeal
Results Roofing, backed by TZP Group, acquires Journey Builders
Who did this deal
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Private equityDeal
Results Roofing announced the transaction on October 15, 2026.
Source: the parties and roles DFX recorded for this story, from the documents it cites. Solid lines are documented, lighter lines calculated by DFX, dashed lines inferred by DFX.
| From | Connection | To | Basis | As of | Source |
|---|---|---|---|---|---|
| TZP Group (Investor) | acquires | Journey Builders (Company) | Documented in filings | ||
| Results Roofing (Platform company) | adds | Journey Builders (Company) | Documented in filings | ||
| Dustin Gutkowski (Executive) | Founder and CEO | Results Roofing (Platform company) | Documented in filings | https://www.tzpgroup.com/press/results-roofing-acquires-journey-builders/ | |
| Paul Davis (Deal team) | Partner | TZP Group (Investor) | Documented in filings | https://www.tzpgroup.com/press/results-roofing-acquires-journey-builders |
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Not in the announcement: price, financing.
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Private equity transactions announced since Apr 15, 2026The first rows are open to every reader; the full list, exports and alerts come with a DFX plan. See what a plan includes
The $660 million cash price is reduced by Agile Defense's debt and transaction expenses. Counting the deal, Maximus puts its preliminary leverage at 2.2x to 2.3x, inside its 2x to 3x target.
Part of the price paid off Westerman's debt: $31.5 million to subordinated noteholders and $12.7 million to a term lender. Centrus paid $95.0 million in cash and $21.0 million in its own stock.
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