Greenwood Industries has acquired its second roofing company of the year, this time purchasing New York-based Diamond Roofing. The Worcester-based construction firm purchased Diamond Roofing to expand its footprint in Central New York, according to a Wednesday announcement from Greenwood. Diamond was founded in 1947 and is headquartered in Syracuse.The price of the acquisition was not disclosed.[Want more real estate news? Sign up for Real Estate Insider.]Diamond will continue to operate under its existing branding and leadership. The purchase by Greenwood allows Diamond to offer more services, including waterproofing and masonry.Diamond's footprint and reputation made it an attractive acquisition to facilitate Greenwood’s expansion in New York, Greenwood CEO David Klein said. Greenwood has existing New York locations in Hudson Falls and New Windsor.Greenwood Industries in Worcester IMAGE COURTESY OF GOOGLE MAPSThe deal comes about two months after Greenwood acquired Gilbert & Becker Co., a Dorchester roofing firm with experience working on historic buildings.Greenwood was founded in 1992 and has nine locations across Worcester, Ashland, Milford, Boston, New Bedford, Connecticut, Rhode Island, and New York. New York investment firm Dunes Point Capital purchased a majority stake in Greenwood in 2025.Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
