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updated: 9/1/2021 2:55 PM

Tecta America gains new minority owner

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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.