What other brands besides Bumble Roofing did the Company acquire on April 13, 2023?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
to affiliated companies | (2,044,424) $ 69,256,426 | | | |
NOTE 7 – BUSINESS ACQUISITIONS (Continued)
Wallaby Windows and Koala Insulation
On April 13, 2023, the Company acquired the assets of Wallaby, Wallaby-Melbourne, and Koala (collectively referred to as "Wallaby and Koala") for the purpose of adding window, door, and insulation brands to the existing portfolio.
After net working capital adjustments, the purchase price of Wallaby and Koala was approximately $93,203,000 which includes a $233,000 earnout provision subject to Wallaby and Koala maintaining certain system wide revenue thresholds and other metrics. The acquisition was funded by capital contributions from Empower consisting of units of ownership interest in BCAT valued at approximately
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, on April 13, 2023, the Company acquired Koala Insulation, Wallaby Windows Franchisor, LLC, and Wallaby Windows of Melbourne, LLC. The purpose of these acquisitions was to add window, door, and insulation brands to the existing portfolio. The collective purchase price for Wallaby Windows and Koala Insulation was approximately $93,203,000, which included a $233,000 earnout provision contingent upon maintaining certain system-wide revenue thresholds and other metrics.
The acquisition was funded through capital contributions from Empower consisting of units of ownership interest in BCAT valued at approximately $55,000,000, debt financing of approximately $24,500,000 obtained by Empower, and cash. This demonstrates a significant investment by the parent company, OLB Holdco, in expanding its portfolio of franchise brands.
For a prospective Bumble Roofing franchisee, this indicates that Bumble Roofing is part of a larger organization actively growing through acquisitions. This could provide benefits such as shared resources, cross-marketing opportunities, and potentially more sophisticated management and operational systems. However, it also means that Bumble Roofing's strategies and operations could be influenced by the overall goals and financial performance of OLB Holdco and its other brands.