Leonard Green & Partners, L.P. completed a minority equity investment in Tecta America Corporation, the company announced.
Altas Partners, Tecta America’s principal shareholder, will remain the company’s majority owner alongside the management team and LGP.
Financial terms of the transaction were not disclosed.
Founded in 2000, Tecta America has grown into a leading full-service commercial roofing company in the U.S., providing a comprehensive set of commercial roofing services to local and national customers across a variety of industries and end markets.
Tecta America employs more than 4,300 roofing professionals and operates across more than 85 locations in 32 states from coast to coast.
The company provides commercial re-roofing, service and maintenance, and new installation services.
"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," said Dave Reginelli, Tecta America president and CEO. "We are confident that Leonard Green’s experience building leading services companies will enable us to continue to grow in the years to come.”
