Tricor Pacific Capital Partners has sold its portfolio company Expocrete Concrete Products to Oldcastle Building Products.
Expocrete Concrete Products is Western Canada’s largest custom manufacturer of specialized concrete hardscape and masonry products supplying the commercial, retail and infrastructure end markets in Western Canada and Washington State. The company is based in Edmonton (www.expocrete.com).
Tricor Pacific Capital Partners acquired Expocrete Concrete Products in November 2007. During the term of ownership Expocrete expanded its geographic footprint from one plant in Alberta to seven plants operating across all four Western Canadian provinces and Washington State, completed two add-on acquisitions, greenfielded one of the industry’s lowest cost manufacturing facilities in North America, and executed significant financial and operational improvements.
Tricor Pacific invests in middle-market companies with enterprise values from $25 million to $250 million in the manufacturing, service, distribution and consumer product sectors that are located in the west and mid-west regions of Canada and the United States. The firm currently manages approximately $1 billion of capital and is investing its fourth fund with $555 million in committed capital. Tricor Pacific was founded in 1996 and is headquartered in Vancouver with an additional office in Chicago (www.tricorpacific.com).
Oldcastle Building Products is a manufacturer of hardscapes, retaining walls, concrete masonry, utility precast, architectural glass, and a variety of other building products. The company operates across 43 US states and with the acquisition of Expocrete has operations in 6 Canadian provinces. Oldcastle Building Products is headquartered in Atlanta (www.oldcastle.com).
Oldcastle Building Products is a subsidiary of CRH plc, which is a provider and distributor of building materials. CRH is headquartered in Dublin, Ireland (www.crh.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-5-13
