Tecta is the leading provider of commercial roofing services in the United States.

www.tectaamerica.com

Investment

US$124 million / C$162 million

Fund

ONCAP III, ONCAP IV

Period

August 2016 - November 2018

ONCAP Team

Mark Gordon

Edmund Kim

Tecta America Hero

Transaction Summary

ONCAP acquired a majority position in Tecta America ("Tecta") in August 2016.

Business Description

Based in Rosemont, Illinois, Tecta is the leading provider of commercial roofing services in the United States. The company employs ~3,000 roofing professionals at more than 60 locations across the U.S. and offers a comprehensive suite of roofing services, including: re-roofing, service and maintenance, and new construction.

Accomplishments and Outcome

ONCAP was attracted to (i) Tecta's leading market position; (ii) experienced management team; (iii) proven acquisition platform with an opportunity to consolidate a fragmented market; (iv) focus on stable re-roofing and maintenance services; (v) strong free-cash-flow characteristics; (vi) and excellent diversity across geography, customers, and services. ONCAP, in partnership with the Company's management team, intends to leverage Tecta's industry-leading operating model to build a larger, more geographically-diverse roofing business by consolidating a fragmented market and expanding the Company's service offering.

In November 2018, ONCAP completed the sale of Tecta.