TriWest Capital Partners has sold ZyTech Building Systems to RONA, a portfolio company of Sycamore Partners
ZyTech Building Systems
ZyTech Building Systems is a leading designer, manufacturer and distributor of roof trusses, wall panels, floor systems, prefabricated stairs and lumber packages in the Prairie Provinces of Canada and Texas. The company operates from facilities in Balzac, Airdrie, Leduc, Red Deer and Saskatoon, Canada; and Dallas / Fort Worth, Texas and primarily serves small-to-large builders across single family, multi-family and commercial applications.
TriWest Capital Partners invested in ZyTech in 2014. ZyTech has grown into a market-leading structural component manufacturer and distributor of engineered wood products. The shareholders engaged Lincoln International to run a process to find a partner to support the company’s continued growth plan. The partnership between ZyTech and Dick’s Lumber, a subsidiary of RONA, will result in better customer service, increased product availability and an expanded design and manufacturing capacity in the Western Canada market.
Scott Molinaro, Lincoln International Managing Director who led the transaction, commented, “It was a privilege to work with TriWest and ZyTech’s management on this successful transaction. The ZyTech partnership with Dick’s Lumber will position the combined businesses for accelerated growth and scale in the region. We look forward to following their future success.”
TriWest Capital Partners
Founded in 1998 and based in Calgary, Alberta, TriWest is one of Canada’s leading private equity firms, having raised over $1.6 billion in committed capital through seven funds. TriWest has successfully invested in 48 companies across a broad cross-section of the economy in partnership with their management teams. TriWest works closely with their management partners, together proactively putting in place a strategy that maximizes growth potential and value creation by emphasizing operational excellence, prudent governance and an efficient capital structure. The principals of TriWest have significant operational and financial expertise, making them effective partners in creating shareholder value.
RONA is one of Canada’s leading home improvement retailers and is headquartered in Boucherville, Québec. The RONA network operates or services some 425 corporate and affiliated dealer stores under the Lowe’s, RONA+, RONA, Réno-Dépôt and Dick’s Lumber banners. With a long and rich history, RONA has supported Canadians in their home improvement and construction projects since 1939. To achieve this, the company relies on a team of 22,000 employees to whom it strives to provide an inclusive workplace where everyone is invited to contribute. RONA is one of the Montréal region’s Top Employers since 2021. As a result of its ongoing efforts in sustainable development, the company was awarded the Stratégie de développement durable Mercure in 2022 and is recognized as one of Canada’s Greenest Employers. For more information, please visit www.ronainc.ca.
Since 1964 Dick’s Lumber has been providing lumber and building materials to its customers throughout British Columbia, Alberta and the world. It is committed to high-quality products and services to support residential and commercial construction, industrial applications, property management and much more. For more information, please visit www.dickslumber.com.
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