Announced
Completed
Financials
Tags
Building Roofing/Wallboard and Plumbing
United States
Minority
Private
Completed
roofing services
Acquisition
Domestic
Private Equity
Friendly
Single Bidder
Synopsis
Leonard Green Partners, a private equity investment firm, completed the acquisition of a minority stake in Tecta America, a provider of commercial roofing services, from Altas Partners, an investment firm. Financial terms were not disclosed. "We are thrilled to continue our outstanding partnership with Altas and welcome our new equity partner, Leonard Green, as we execute our proven strategy. During Altas’ ownership, our senior executive team, operating unit presidents, and thousands of dedicated employees have steadily built Tecta’s capabilities and footprint, growing organically and through strategic acquisitions. We are confident that Leonard Green’s experience building leading services companies will enable us to continue to grow in the years to come," Dave Reginelli, Tecta America President and CEO.
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