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KRG Capital Invests in Tecta Future Growth
SKOKIE, IL December 14, 2006 — Tecta America Corp., the nation’s largest commercial roofing contractor, today announced they have accepted an investor offer from KRG Capital Partners, a Denver-based private equity firm. The initial investment is part of a larger capital commitment to Tecta America Corp., and is expected to allow Tecta to continue its current growth strategies and enhanced service offerings by providing additional financial resources.
“KRG has significant experience investing in the construction industry. They have a well-developed reputation for working with great management teams to support their expansion and ‘best in class’ business objectives. KRG has expressed great admiration for the success of Tecta since its formation, and their goals and growth strategies closely parallel our own,” said Tecta America CEO and President, Mark Santacrose.
“We are excited by the Tecta America opportunity” noted Chris Lane, Managing Director, KRG Capital. “We are very impressed with their strong management team, their operational excellence and their reputation in the industry. Tecta offers a strong platform for continued growth which fits our investment model perfectly.”
Santacrose will continue as CEO and President of Tecta America Corp., and the company will continue to be headquartered in Skokie, Illinois, with no proposed staffing or management changes anticipated at the corporate or operating levels in conjunction with the investment.
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