ROSEMONT, Ill.Tecta America Corp. announced that it completed the sale of its company to Oaktree Capital Management LLC, a Los Angeles-based investment firm, on July 1. The premier global alternatives and non-traditional investment manager is excited to be invested in Tecta and is confident that it will continue to maintain its stronghold at the forefront of the commercial roofing industry.

Mark Gaulin, former Tecta chief operating officer and former NRCA president, has stepped in as interim chief operating officer at Tecta. 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, 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.”

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