Secondary Buyout • Construction

Oaktree Capital Management Acquires Tecta America

On July 15, 2013, asset manager Oaktree Capital Management acquired construction company Tecta America from Greyrock Capital Group and KRG Capital Partners

Acquisition Context
  • This is Oaktree Capital Management’s 3rd transaction in the Construction sector.
  • This is Oaktree Capital Management’s 42nd transaction in the United States.
  • This is Oaktree Capital Management’s 1st transaction in Illinois.
Investment Fate
  • Tecta America was sold to a consortium of financial buyers in 2016 for 280M USD.
  • Tecta America was sold to a consortium of financial buyers in 2018.

Explore All 99 Secondary Buyout Construction Deals - Search the Database Free


M&A Deal Summary

Date July 15, 2013
Target Tecta America
Sector Construction
Buyer(s) Oaktree Capital Management
Sellers(s) Greyrock Capital Group
KRG Capital Partners
Deal Type Secondary Buyout

Target Company

Tecta America

Rosemont, Illinois, United States
Tecta America is a provider of commercial roofing services offering installation, replacement, and repair services. It services both local and national accounts across a spectrum of industries and end-markets including industrial, retail / office, non-government institutional, government, multi-family and other. Tecta America was founded in 2000 and is based in Rosemont, Illinois.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


Deal Context for Buyer #
Overall 57 of 129
Sector: Construction 3 of 8
Type: Secondary Buyout 11 of 24
State: Illinois 1 of 3
Country: United States 42 of 83
Year: 2013 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-03 Chesapeake

Old Amersham, United Kingdom

Chesapeake is a manufacturer of value-added specialty paperboard packaging, including folding cartons, leaflets and labels for the pharmaceutical, confectionary and drinks markets, as well as rigid plastic packaging for niche markets in Europe and Africa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 R&R Ice Cream

Northallerton, United Kingdom

R&R Ice Cream Plc is a producer and supplier of own-label ice cream with a strong branded portfolio including Nestlé, Skinny Cow, YooMoo frozen yogurt, Kelly's of Cornwall and Disney.

Sell -

Seller Profiles 2

SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.


Deal Context for Seller #
Overall 15 of 47
Sector: Construction 1 of 1
Type: Secondary Buyout 4 of 17
State: Illinois 1 of 3
Country: United States 15 of 47
Year: 2013 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-12 UAS Laboratories

Wausau, Wisconsin, United States

UAS Laboratories is a research, development company that manufactures probiotic nutritional supplements. UAS Laboratories was founded in 1979 and is based in Wausau, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-30 Turbonetics

Simi Valley, California, United States

Turbonetics, Inc. is a designer and manufacturer of turbochargers, heat exchangers, and pressure control components for the automotive aftermarket, mining, energy production, and marine industries.

Sell -
SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


Deal Context for Seller #
Overall 26 of 41
Sector: Construction 2 of 2
Type: Secondary Buyout 7 of 14
State: Illinois 3 of 7
Country: United States 26 of 40
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-23 ATI Physical Therapy

Downers Grove, Illinois, United States

ATI Physical Therapy is a rehabilitation provider, specializing in research-based physical therapy, workers’ compensation rehab, employer worksite solutions, and sports medicine. ATI Physical Therapy was founded in 1996 and is based in Downers Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 Hospitality Staffing Solutions

Atlanta, Georgia, United States

Hospitality Staffing Solutions LLC is a provider of outsourced housekeeping and related services to the hospitality sector in the United States. With operations in 38 states and Puerto Rico, HSS provides a comprehensive suite of services, including housekeeping, food service, laundry, and groundskeeping, as well as outsourcing solutions for day-to-day management responsibilities, including hiring, training, and payroll. Founded in 1990, the company currently supports more than 1,000 properties in 75 markets.

Sell -