VenGrowth Partners has acquired the assets of Roll-Tite Inc., a Canadian maker of retractable metal covers for flat-bed trailers. No financial terms were disclosed. VenGrowth had originally acquired Roll-Tite in 2007, but the company was placed into receivership this past February.
Roll-Tite Corp. is pleased to announce that leading private equity firm VG Partners has successfully backed its acquisition of the assets of Roll-Tite Inc.
In February 2009, Roll-Tite Inc. (the predecessor company) was placed into receivership as a result of the impact of the downturn in the transportation sector. The new company, Roll-Tite Corp., will continue to carry on business through offices and service centres located in Ontario, Canada, as well as Ohio and Nebraska in the United States.
The Roll-Tite flat bed trailer system is an industry-leading fully retractable mechanical covering system comprised of a sliding aluminum frame and tarpaulin fabric cover. Among the advantages of the proprietary system are speed and operator safety effectively reducing operating costs.
Roll-Tite Corp. is also pleased to announce that it has appointed a new company President, Roman Pankiw, a senior business executive with a wide range of experience in many business sectors including trucking and distribution.
“For over two decades, Roll-Tite has led the industry with its innovative tarpaulin systems, and I look forward to continuing that legacy in my new role as head of the company,” said Roman Pankiw, President, Roll-Tite Corp.
Roll-Tite provides the world’s leading transportation companies and owner/operators with the most advanced, reliable and affordable retractable tarpaulin systems on the market. Since inventing the Roll-Tite system in 1987, the company continues to lead the industry.
About VG Partners
A premier Canadian private equity investment group, VG Partners builds innovative companies into global successes. Since 1982, it has invested over $1.3 billion in almost 200 North American companies, working alongside business owners to maximize potential. VG Partners’ investment team provides an unparalleled hands-on approach and a breadth of industry experience within technology, life sciences, and mezzgrowth industrial and consumer sectors. VG Partners is part of VenGrowth Private Equity Partners Inc.