Altas Partners to acquire Tecta America from ONCAP
Canadian long-term private equity firm Altas Partners has agreed to buy U.S. commercial-roofing contractor Tecta America Corp, according to a news release. Terms weren’t released for the deal, which is expected to close in Q4 2018. The seller is ONCAP, the mid-market arm of Canadian PE firm Onex Corp. ONCAP acquired Tecta two years ago for US$280 million from Oaktree Capital Management. Based in Rosemont, Illinois, Tecta was created in 2000 with the merger of 10 roofing companies. It represents Altas Partners’ third platform deal this year and the fifth investment of Altas Partners Holdings LP, which raised US$1 billion in 2016.
29 October 2018•2 mins read
