advertisement

Tecta America gains new minority owner

ROSEMONT — Tecta America Corp., a national leader in commercial roofing services, Wednesday said Leonard Green & Partners L.P. has completed a minority equity investment in the company.

Rosemont-based Tecta America's principal shareholder, Altas Partners, will remain the company's majority owner alongside the management team and LGP. Financial terms of the transaction were not disclosed.

LGP is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $50 billion of assets under management.

“Over the course of our partnership, Tecta America has solidified its position as the nation's premier commercial roofing contractor,” said Scott Werry, a managing partner at Toronto-based Altas. “Our objective at Altas is to build market leaders into even stronger and more durable businesses in partnership with talented management teams, and today's news represents an important milestone in our journey with Tecta.

With more than 85 locations from coast to coast. Tecta America' provides commercial re-roofing, service and maintenance, and new installation services.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.