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ROSEMONT, Ill., July 15, 2013 /PRNewswire/ --Tecta America Corp., the nation's leading commercial roofing contractor, completed the sale of its company to Oaktree Capital Management, LLC, a Los Angeles-based investment firm, on July 1, 2013. The premier global alternatives and non-traditional investment manager is excited to be invested in Tecta America Corp. and is confident that Tecta will continue to maintain its stronghold at the forefront of the commercial roofing industry.
Mark Gaulin, former Tecta America chief operating officer and former NRCA president, has stepped in as interim chief operating officer at Tecta America Corp. Gaulin brings tremendous operational strength and knowledge of the roofing business, which combined with the financial restructuring, will position the company to remain a leader within the construction industry. In conjunction with the transaction, chief executive officer at Tecta America, Brynne Smith, is no longer with the company.
"Tecta has established itself as the largest commercial roofing company in the nation, and we look forward to the opportunity for even more growth that will be possible with the resources and strategic support of Oaktree Capital," said Dave Schupmann, senior vice president of sales and marketing at Tecta America. "We are confident that these changes will enhance benefits to our customers, contractors and architects."
About Tecta America
Tecta America, managed by Oaktree Capital Management, LLC, is the largest commercial roofing contractor in the U.S., providing roofing solutions nationwide. Ranked the top U.S. roofing firm of 2012 by ENR magazine, Tecta offers the responsiveness of a local roofing contractor backed by the resources and stability that a national firm provides. With unsurpassed technical expertise and certification to work on any roofing system, Tecta America has the manpower and logistical infrastructure to handle any project complexity. Services include roof installation, roof replacement, new construction, disaster response, repair, restoration, maintenance, green roofing, solar photovoltaics, daylighting and full-service national roof asset management. For more information, visit us at http://www.tectaamerica.com.
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Tecta America Corp. Bought By Oaktree Capital Management, LLC
