Print
Retail

New Ownership Dawns For Sunroom Firm

By Cece Nunn, posted Feb 22, 2021
A sunroom by Porch Conversion, a Wilmington company with new owners. (Photo courtesy of Taylor Waddle)

It’s a hot market for sunrooms these days, said Taylor Waddle.

Waddle and her husband, Tom, bought Wilmington firm Porch Conversion, a company that turns patios, porches and unused outdoor space into three- and four-season sunrooms, in January. The amount of the transaction was not disclosed.

The couple now owns the business and its nearly 15,000-square-foot facility at 6821 Market St., Wilmington.

The Waddles entered into the transaction, using an SBA 7(a) loan, for “a couple different reasons, one being we’ve both worked at Porch Conversion in the past so we're familiar with the company, and the second one is that the construction industry is booming,” Taylor Waddle said. “People are moving down here like crazy. People are spending a lot of money on their homes and updating things versus traveling and things like that.”

Tom Waddle added, “Also during the pandemic, they're stuck at home and they're sitting around wishing they had more space and wishing they had more usable space around their house, and we're providing a product to do that.

“A lot of people have a couple hundred square feet on a patio that’s pretty easy for us to enclose. Once that happens, it gives them a nice new room in their house that they can use and enjoy.”

After attending the University of North Carolina Wilmington, Taylor Waddle worked for Porch Conversion as the director of marketing and warranty from 2015 to 2017, according to a release from MidStreet Mergers & Acquisitions.

Tom Waddle, a Marine Corps veteran, also worked at Porch Conversion as a crew leader for over a year, the release stated. Both then worked for luxury homebuilders in the Wilmington area before the opportunity to buy Porch Conversion came along. 

Porch Conversion was founded by Paul and Mary Maki in 1999. MidStreet Mergers & Acquisitions represented the sellers in the transaction, according to the MMA release. 

All 25 employees stayed on after the sale was completed. Brian Walsh, who was a co-owner with the Makis before the sale, manages the installations and is staying on with the Waddles.

Scott Fitzgerald, who was also a co-owner, managed Porch Conversion prior to the sale and will be consulting with the Waddles.

The Makis are also helping with the transition. They plan to continue running their other business, Wilmington-based Porch Concepts, which helps homeowners equip their sunrooms and porches with patio furniture, according to the MMA release.

“We’re both really excited to be back with the company and we’re excited to grow the business and hope to continue with the legacy that the previous owners left us,” Tom Waddle said.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Mikeharrington carolinaretreats 2

Boosting Off-Season Vacation Rental Income With Tax Deductions

Mike Harrington - Carolina Retreats
Atromitos micheallegady headshot

Small Business Owner: Know Thy Finances

Michealle Gady - Atromitos
Web awstaffpic2020 1 132245438

Meet Alex Umstead-Wrenn, New Board President at the Cape Fear Literacy Council

Alesha Edison Westbrook - Cape Fear Literacy Council

Trending News

Ice Storm Expected To Cause Power Outages

Scott Nunn - Jan 20, 2022

Monteith Construction Announces New CEO

Staff Reports - Jan 20, 2022

Officials: Ice Storm Delayed But Still On Way

Scott Nunn - Jan 21, 2022

Finalists Announced For Commercial Real Estate Awards

Staff Reports - Jan 21, 2022

Cugino Forno To Open In Soda Pop District

Scott Nunn - Jan 19, 2022

In The Current Issue

App Enhances Guest Interactions

After taking a personal trip that included a stay at a hotel, Jose Quiros was surprised to find that the hotel industry was still using trad...


Downtown In Demand

While suitable live, work and play space – and places to create more – are in high demand in downtown Wilmington, the inventory is low. But...


Area Hauls In Moving Firm Rankings

Some moving companies measure where their customers are moving to and from in the U.S., and new Wilmington residents checked inbound boxes a...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100