ONCAP wraps up sale of Tecta America to Altas Partners

ONCAP, the mid-market investment arm of Canadian private equity firm Onex Corp, has completed its sale of Tecta America Corp, a Rosemont, Illinois-based provider of commercial roofing services in the United States. No financial terms were disclosed for the deal, which was announced last month. The buyer was Altas Partners, a Canadian long-term private equity firm. ONCAP acquired a majority interest in Tecta two years ago from U.S. private equity firm Oaktree Capital Management. The deal, valued at US$280 million, saw ONCAP invest US$124 million.

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