OpenGate completes acquisition of SMAC from Colas.

OpenGate, a global private equity firm, announced that it has completed the acquisition of SMAC, a global manufacturer of waterproofing and building envelope solutions, from Colas. Financial terms were not disclosed. SMAC operates across two divisions: Travaux and Industrie. SMAC Travaux specializes in waterproofing solutions typically utilized on flat roofs structures and facades. SMAC Industrie manufactures bituminous membranes, skylights and resins. As one of the largest players in the segment, SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. “The building and construction sector continues to present many opportunities across Europe and North America that are well suited for OpenGate. With the investment in SMAC, we are incredibly proud to continue building on our strategy within the lower middle market, and we welcome the business and its many employees into the portfolio of our second institutional fund.” Andrew Nikou OpenGate Founder and CEO.