AUCTUS has acquired a share in the Berlin-based Contus Group

Auctus

Munich, November 13

In course of a succession settlement , AUCTUS has acquired a share in the Berlin-based Contus Group. The Contus Group – Berlin Brandenburg is an active player in the construction industry as a full-service provider for installation, maintenance and repair of electric, heating and sanitary facilities, especially in residential properties (but also other types of real estate).

The company has been family-owned since shortly after its foundation in 1991. With this transaction, AUCTUS enabled a smooth generation change by acquiring the father’s shares, while the son stays shareholder and CEO of the company. Being based in Berlin, the Contus Group – Berlin Brandenburg is ideally located to serve the most dynamic markets for renovation and new-building construction in Germany, since there is an urgent housing shortage and a high share of very old residential real estate in the region. The Contus Group- Berlin Brandenburg is one of the few companies in Berlin capable of offering the so-called “Strangsanierung”: Fast-paced renovation processes allow residents to leave their unrenovated home in the morning and come back to their fully renovated home in the evening of the same day! This is a great USP, since tenant satisfaction (and, therefore, no bad publicity or damage claims) is of utmost importance to housing companies.

Moreover, in 2010, the Contus Group – Berlin Brandenburg has won the “Grand Prix of the ‘Mittelstand’”, a renowned award that confirms the success of Contus Group’s business model.

Currently, the company generates a total output of EURm 25 and shall expand Germany-wide via add-on acquisitions.

AUCTUS is with 14 investment professionals and more than 160 investments in the last 17 years the leading Private Equity firm in the German-speaking SME sector. We particularly focus on a sector-specific ‘Buy-and-Build’ strategies in which up to 30 national and international companies are merged to form a market leader. Our portfolio companies grow on average by 10% per year in employees, revenues and income. Within the last years AUCTUS received dozens of awards for being the best German-speaking fund as well as for being the best Buy-and Build fund.

AUCTUS Capital Partners AG

T +49 (0) 89 15 90 700-0

Email: info@auctus.com

www.auctus.com

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Genstar Capital Announces Acquisition of 2-10 Home Buyers Warranty

Strong Platform Combined with Genstar’s Resources and Insurance Industry Expertise to Drive Meaningful Growth


San Francisco, November 1, 2018 — Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, software, industrial technology, and healthcare industries, today announced the acquisition of 2-10 Home Buyers Warranty (2-10 HBW), a provider of home warranty products to homeowners and new home builders.

2-10 HBW offers two warranty products: Home Service Contracts and New Home Structural Warranties. The Home Service Contract (home warranty) covers the cost of repair or replacement on major home systems and appliances, sold to homeowners through a network of real estate partners at the point of transaction and a rapidly growing direct-to-consumer channel. The New Home Structural Warranty is an insurance-backed warranty and provides the homeowner 10 years of coverage for structural failures while transferring the home builder’s legal obligation to repair structural issues. With a national footprint, 2-10 HBW actively covers homes in 48 states across the United States, making the Company the #1 provider of new home structural warranties and #2 independent provider of home service contracts. 2-10 HBW headquarters are in Aurora, CO.

Ryan Clark, President and Managing Director at Genstar said, “2-10 HBW has built a great competitive position in its core markets and we are very excited to invest in growing this business whose products are highly valued in the marketplace by builders, consumers, real estate professionals and contractors. We are excited to enable the management team with growth capital to invest in new marketing channels and explore strategic acquisitions that will broaden the company’s distribution footprint.”

Scott Cromie, Chief Executive Officer of 2-10 HBW, said, “We look forward to our partnership with Genstar whose professionals have extensive experience in the insurance sector. Our strong industry platform combined with the full support and resources of our new partners will enable us to activate quickly a number of levers to help drive growth. We are unified in our strategy that will allow us to add real estate and builder partners, expand into new geographies with targeted acquisitions, and enter the direct-to-consumer market which represents a new and rapidly growing channel.”

About 2-10 Home Buyers Warranty

For over 38 years, 2-10 Home Buyers Warranty has been a market leader in helping people protect one of life’s biggest investments with new construction structural warranties and systems and appliances coverage for new and existing homes. Founded and based in Colorado, 2-10 Home Buyers Warranty has covered over 5.8 million homes and partners with thousands of the nation’s finest real estate professionals, home builders and service contractors to help home buyers, sellers and owners to mitigate risk, save money and have protection from the unexpected. For more information, visit www.2-10.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $10 billion of assets under management and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries.

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MEDIA INQUIRIES:

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4334

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Altas Partners to Acquire Tecta America

Altas Partners

OCTOBER 29, 2018

Altas Partners to Acquire Tecta America from ONCAP

Toronto, ON and Rosemont, IL – 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.

Media Contacts:

Altas Partners
Sard Verbinnen & Co.
Andrew Cole / Julie Rudnick
(212) 687 8080

Tecta America Corporation
Robin Hollerich
rhollerich@tectaamerica.com
(248) 220 1467

Onex
Emilie Blouin
Director, Investor Relations
(416) 362 7711

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ONCAP to Sell Tecta America to Altas Partners

Onex

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

 

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Ratos AB: HENT signs contract worth approximately NOK 1bn

Ratos

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.

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Fresks acquires XL-BYGG Mellerud

Litorina

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

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Fresks acquires Färingsö Trä

Litorina

Fresks continues to expand through the acquisition of Byggvaruhuset Färingsö Trä AB (Färingsö Trä) who operates a building material store in Ekerö outside Stockholm. Previous owners will reinvest part of the proceeds from the transaction in Fresks Group and Peter Skoog will remain CEO of Färingsö Trä post the transaction.

Färingsö Trä was founded shortly after World War II as a branch to Bromma Trä. Peter Skoog and Stefan Poulsen, who have worked in Färingsö Trä since the 1980s, have run the company and been its main owners since 2004. Today, Färingsö Trä has about 40 employees and a turnover of approximately SEK 130 million.

After the acquisition Fresks Group will have a total of 26 stores with pro forma revenues of approximately SEK 1.7 billion and c. 470 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 26 stores under the brands XL-BYGG Fresks, XL-BYGG Östergyllen and Gärdin & Persson. 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 and www.gardinpersson.se

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Fresks acquires XL-BYGG Edvardssons

Litorina

Fresks continues to expand through the acquisition of Edvardsson Bygg & Material i Skärstad AB (XL-BYGG Edvardssons) who operates in Skärstad north of Huskvarna. Previous owner Mikael Edvardsson will reinvest a significant share of the proceeds from the transaction in Fresks Group.

Rolf Edvardsson founded today’s XL-BYGG Edvardssons in 1966 and has focused on serving the market north of Jönköping with quality building material and associated services ever since. Today, XL-BYGG Edvardssons has a turnover of c. SEK 90 million and employs 20 people.

After the acquisition Fresks Group will have a total of 25 stores with pro forma revenues of more than SEK 1.5 billion and c. 400 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 Northern Sweden focused on the professional segment. The company has 25 stores under the brands XL-BYGG Fresks, XL-BYGG Östergyllen and Gärdin & Pärsson. 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 and www.gardinpersson.se

 

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