Altas Partners’ Acquisition of Tecta America

Kirkland & Ellis LLP advised Altas Partners on the deal

Altas Partners, a long-term oriented investment firm, has signed a definitive agreement to acquire Tecta America Corporation from ONCAP, the mid-market private equity platform of Onex (TSX:ONEX). Tecta America is a national leader in commercial roofing services in the U.S. Financial terms of the transaction were not disclosed.

Tecta America is the nation’s premier commercial roofing contractor, employing more than 3,000 roofing professionals and operating across more than 60 locations from coast to coast. The Company provides a comprehensive set of commercial roofing services to national and local customers across a spectrum of industries and end markets. Tecta America’s full suite of value-added roofing services includes installation, replacement, repairs and maintenance, new construction, disaster response and advanced sustainability options.

The transaction is expected to close during the fourth quarter of 2018, subject to customary closing conditions and regulatory approvals.

Kirkland & Ellis LLP advised Altas Partners with a team including corporate partner Michael Weisser (Picture) and associates Arlene Ortiz-Leytte and Gisella de la Rocha; debt finance partner Ashley Gregory and associates Justin Han and Emma Julian; and tax partners Jared Rusman and Vincent Thorn.

Involved fees earner: Justin Hansky – Arnold Bloch Leibler; Gisella de la Rocha – Kirkland & Ellis; Ashley Gregory – Kirkland & Ellis; Emma Julian – Kirkland & Ellis; Arlene Ortiz-Leytte – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Vincent Thorn – Kirkland & Ellis; Michael Weisser – Kirkland & Ellis;

Law Firms: Arnold Bloch Leibler; Kirkland & Ellis;

Clients: Altas Partners LP;