Toronto, Ontario and Rosemont, Illinois October 29, 2018 – Altas Partners (“Altas”), a long-term oriented investment firm, today announced it has signed a definitive agreement to acquire Tecta America Corporation (“Tecta America” or the “Company”) 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.
“We are thrilled to partner with Altas as we continue to execute on our growth opportunities – both organically and through selective acquisitions. Furthermore, we’re excited to leverage the firm’s support and expertise as we continue to focus on delivering best-in-class service to our customers and being the employer of choice in the roofing industry,” said Mark Santacrose, President and CEO of Tecta America. “We greatly value the support and commitment ONCAP provided throughout its ownership, as well as its confidence in our people and our future.”

“Tecta America’s strength as a national company with deep local relationships has enabled its evolution into the largest commercial roofing contractor in the U.S.,” said David Brent, a Partner at Altas. “This opportunity is an excellent fit with our long-term investment strategy and approach of partnering with outstanding management teams. We look forward to supporting the team at Tecta America as it continues to provide its customers with exceptional service and capitalize on the significant growth opportunities that lie ahead.”
“We’re proud of everything we accomplished together with Tecta America. During our ownership period, we worked closely with Tecta management to enhance the Company’s acquisition capabilities and strengthen the business’ operating performance. We wish the Tecta America team all the best as they continue to execute on their proven growth strategy,” said Edmund Kim, a Principal at ONCAP.
The transaction is expected to close during the fourth quarter of 2018, subject to customary closing conditions and regulatory approvals.

About Altas Partners
Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. Key elements of the firm’s approach include prudent capital structures, active ownership through strategic and operational support and an emphasis on sustainable value creation. Altas invests on behalf of endowments, foundations, public pension funds and other institutional investors.
For more information: http://www.altaspartners.com.

About Tecta America Corporation
Tecta America is the nation’s premier commercial roofing contractor with more than 60 locations from coast to coast. Tecta America’s unyielding commitment to quality, expertise, and professionalism have helped it become the industry leader in commercial roofing. Providing installation of all types, replacement, repairs and maintenance, new construction, disaster response, sustainability options and more, Tecta America offers the responsiveness of a local roofing contractor backed by the resources and stability of a national provider.
For more information: http://www.tectaamerica.com.

About ONCAP
ONCAP is the mid-market private equity platform of Onex. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered medium-sized businesses that are market leaders and possess meaningful growth potential.
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $33 billion of assets under management, including $6.8 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX.

For more information: https://www.oncap.com or https://www.onex.com.
For further information:
Altas Partners
Sard Verbinnen & Co.
Andrew Cole / Julie Rudnick
+1.212.687.8080
Tecta America Corporation
Robin Hollerich
rhollerich@tectaamerica.com
+1.248.220.1467
Onex
Emilie Blouin
Director, Investor Relations
+1.416.362.7711

HENT, a leading Norwegian construction company focused on the construction of public and commercial real estate, has signed a contract for a large project in Oslo. HENT will build parts of new Livsvitenskapsbygget at Oslo University on commission for Statsbygg. The order value amounts to approximately NOK 1bn.

Statsbygg has commissioned HENT to build parts of future Livsvitenskapsbygget at Oslo University. The new faculty is a partnership project that covers about 66,700 square meters. The contract relates to the so-called partnership agreement and means that HENT, Statsbygg and other stakeholders will be included in the planning of the construction project.

“This is an important and demanding project that fits well based on our skills and capabilities. We are very proud and pleased that Statsbygg has chosen us as entrepreneurs for this particular project,” says Jan Jahren, CEO of HENT.

Ratos invested in HENT in 2013 with an ownership of 73%. HENT has approximately 870 employees and reported sales of NOK 7,034m and EBITA of NOK 253m in 2017.

For further information, please contact:

Mårten Bernow, Director Ratos, +46 72 241 97 42

Helene Gustafsson, Head of IR and Press Ratos, +46 70 868 40 50

Financial calendar from Ratos:
Interim report January-September 2018        25 October 2018
Year-end report 2018                                     15 February 2019

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to the long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/retail. Ratos is listed on Nasdaq Stockholm and has a total of approximately 12,300 employees.

Fresks continues to expand through the acquisition of XL-Bygg Mellerud, a building material store located in Mellerud, Västra Götaland. The previous owner, Benny Mattsson, will reinvest a significant part of the proceeds from the transaction in Fresks Group.

XL-BYGG Mellerud was founded in 2008 and has been run by Benny Mattsson and his son Thomas Mattsson since 2012. The business consists of the building store in Mellerud, which is located in Dalsland county in Västra Götaland. The store is a part of the XL-BYGG chain. Today, the company has 8 employees and a turnover of approximately SEK 30 million.

After the acquisition Fresks Group will have a total of 32 stores with pro forma revenues of approximately SEK 2 billion and more than 500 employees.

For further information, please contact:

Leif Lindholm, +46 70 698 27 00, CEO Fresks Group

Fresks, founded in 1862 is a leading Swedish building material retail chain in Sweden focused on the professional segment. The company has 32 stores under various local brands whereof the majority is branded XL-BYGG. Fresks sells high quality building material with high degree of service primarily to small and mid-sized professional customers. For more information, please visit www.fresks.se