Sycamore, RONA Acquire Building Materials Supplier All-Fab
Summary
Private equity firm Sycamore Partners and home improvement retailer RONA will acquire one of the largest building solutions providers in Canada.All-Fab Group (AFG) has served the needs of building contractors, building owners and dealers across Western Canada for over 50 years. The company operates 18 business units in the U.S. from the Midwest to the West Coast. The company provides the light construction industry with engineered structural building components, building material supply packages and building construction projects for custom buildings. The company services all residential housing markets as well as the light industrial and agricultural building sectors.The transaction provides AFG with additional resources to accelerate growth and invest in products and capabilities to better serve developers, builders and families across Western Canada and the United States.The New York-based Sycamore Partners firm specializes in consumer, distribution and retail-related investments and partners, while Boucherville, Quebec-based RONA serves home improvement and construction projects in Canada.Closing terms for the transaction were not disclosed.