ONCAP confirms $280 million deal to buy Tecta America
ONCAP, the mid-market private equity arm of Onex Corp, has confirmed its previously announced agreement to acquire Tecta America Corp, a Rosemont, Illinois-based provider of commercial roofing services, including installation, replacement and repair services. The deal, valued at US$280 million in total, will see ONCAP and its partners invest US$130 million. ONCAP is acquiring Tecta from U.S. private equity firm Oaktree Capital Management, which bought the company in mid-2013. The deal, expected to close in the third quarter, is being made by ONCAP III. Tecta is expected to be the fund's last investment, Toronto-based ONCAP said.
15 August 2016•4 mins read
