Banko Overhead Doors, Inc.
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Banko Overhead Doors, Inc. - overview
Established
1984
Location
Tampa, FL, US
Primary Industry
Construction
About
Banko Overhead Doors, Inc. is a US-based company specializing in the installation and repair of high-quality residential and commercial garage doors, ensuring energy efficiency and security for its clients. Banko Overhead Doors, Inc. was founded in 1984 in Tampa, US, focusing on garage door solutions for residential and commercial properties.
The company was acquired by Blue Ridge Construction Capital and its management in August 2024, allowing it to continue delivering services successfully. Kim Banko is the CEO, contributing to the company's strategic direction and operations. Banko Overhead Doors specializes in the installation and repair of residential and commercial garage doors and openers, offering a wide selection of high-quality, energy-efficient, and hurricane-rated products. They provide customized solutions that enhance both functionality and aesthetic appeal across Tampa and the West Central Florida region.
Their product range includes various garage door types—modern, carriage house, steel, and wood doors—alongside advanced garage door openers with connectivity features. The company addresses common user challenges such as reliability, security, and energy efficiency, ensuring smooth operations for both entry points and storage areas. Banko Overhead Doors operates on a structured revenue model focused on direct sales and service contracts for garage doors and repair services. Revenue is generated through one-time purchases of garage doors and openers, along with ongoing service agreements that include maintenance and emergency repairs available 24/7.
Transactions typically involve upfront payments for installations, while repair services may be billed hourly or through fixed-rate contracts. Their flagship products, like Clopay garage doors, are positioned as premium offerings, reflecting the quality and energy efficiency that contribute to Banko's reputation in the industry. Following the acquisition on August 5, 2024, Banko Overhead Doors, Inc. plans to enhance its product offerings and expand its market reach.
The acquisition allows the company to continuously deliver its door construction services and products efficiently. Future initiatives include developing new garage door models and launching them within the upcoming year, with targeted expansion into new markets throughout Florida and potentially other states by 2025.
Current Investors
Blue Ridge Construction Capital
Primary Industry
Construction
Sub Industries
Construction, Connectivity Software, Wood/Hard Products
Website
www.bankogaragedoors.com/
Verticals
IoT (Internet of Things)
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Banko Overhead Doors, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Banko Overhead Doors, Inc. | - |
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