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Denver, CO (February 11,
2000) — Ten of the nation’s leading roofing contractors have consolidated as
Tecta America Corp. With nearly $175 million in annual sales and over 1,200
employees, Tecta America is one of the largest commercial roofing companies in
the world today, according to Donald G. McNamara, President and CEO.
“Our member companies are
regarded as ‘best of class,’ in their market areas,” McNamara said. “All are
strong, independently operated companies, that are deeply rooted in the
communities they serve. As wholly-owned subsidiaries, they bring to the new
corporation their combined resources, expertise, infrastructure, and financial
depth.”
McNamara said Tecta
America positions its members at the national level to respond to the rapid
consolidations that are also occurring in several key market areas served by the
roofing industry, including commercial real estate, health care, and other
multi-facility businesses.
Major sales growth areas
for the new company are national Real Estate Investment Trust companies (REITs)
and other businesses with facilities in multiple markets, including: shopping
malls, industrial complexes, hospitals and health care centers, academic
institutions, and super store chains.
Offering a Reliable Source Nationwide
“Through our
combined resources as a large national roofing contractor, we offer property
managers and financial planners an advantage they’ve never had before: a single
reliable source for all their roofing needs nationwide, from installation
through roofing asset management and maintenance,” McNamara said.
“Tecta America’s National
Accounts Management Program gives today’s business executives the tools to
predict, contain, and even reduce, their roofing maintenance costs under one
cost-efficient program.” he said. “They’ll get consistent, assured performance
from roof to roof, wherever their holdings may be.
“It starts with the
exceptional quality of Tecta America’s personnel,” McNamara said. “The members
of our nationwide roofing team have proven and recognized abilities to deliver
excellent quality and superior service in their areas of expertise. They bring a
level of knowledge and experience that is unsurpassed in the industry today.
“Our customers are also
protected by Tecta America’s in-depth capabilities, including benchmark quality
roofing services, and excellent insurance coverage, preventive maintenance
programs, and the historical financial stability of our member companies.”
Community businesses and
institutions will notice little change in the services traditionally provided by
their local Tecta America contractor, according to McNamara.
Member
Companies to Operate Independently
“Our member companies will continue
to operate independently, retaining their existing identities and control over
their operations, while benefitting from the extensive resources of the total
organization. They are committed to the communities they have always served,
many of them for a half a century and some much longer. Their customers can
count on them, as they always have for the personal, high quality roofing
services they have come to expect.
“They will also have
access to an expanded menu of services available through our new
TectaCare™ program and the many resources of our national organization.”
McNamara pointed to the
company’s Disaster Recovery Program as an example of TectaCare™ .
“We have full-service facilities in major markets across the country, all of
them fully capable and ready to respond. Our customers at the national and
community level alike, are assured of fast, priority service in any emergency –
hurricane, tornado, flood, earthquake, man-made disasters – or any other
catastrophic situation.
“Tecta America’s disaster
response team will mobilize coast to coast, and can be on-site within hours with
the experienced personnel, specialized equipment, and ample supplies of the
proper materials needed to get people back in business again.”
Qualified New Members Invited to Join Company
Growth
through acquisition is another key corporate strategy, McNamara said. “Tecta
America Corp. offers a unique opportunity for the nation’s best roofing
companies to achieve their growth objectives as part of an aggressive,
market-driven corporation,” McNamara said. “Interest in joining our team has
been very high throughout the roofing industry. We expect to be adding several
exceptionally qualified member companies in the weeks and months ahead.”
The company expects no
change in employment levels. “We are committed to maintaining the highest
professional competencies,” he said. “The consolidation will enhance this effort
by attracting and retaining the best people in the business. Our members have
always enjoyed an edge in attracting a stable, motivated workforce. Now our
people will have even more opportunities to advance their skills and career
goals within the Tecta America organization.”
“The roofing contractors
who founded Tecta America own 94% of the stock, and a representative from each
of their companies sits on Tecta America’s Presidents Council. No outside
venture capitalists or equity investors are involved. The Council makes
recommendations designed to keep Tecta America in the forefront of the roofing
industry and to guide the company’s overall policies.”
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