SAINT-APOLLINAIRE, QC, June 5, 2012 /CNW Telbec/ - Pro-Fab, a leading manufacturer and distributor of high-quality modular homes in eastern Canada and the northeastern United States, is pleased to announce the acquisition of Guildcrest Building Corporation - one of the largest modular housing producers in Ontario. The acquisition is in line with Pro-Fab's strategic growth plan and creates a strong platform for Pro-Fab to become a national, fully-integrated manufacturer of high quality modular homes. Guildcrest's extensive network and twenty plus years of experience in Ontario will allow Pro-Fab to capitalize on both the Ontario and Quebec housing markets. Maintaining a leading market share in the modular home market in Quebec, Pro-Fab is on track to become the leading modular builder in Canada.
Customer-oriented and focused toward the needs and expectations of home buyers, both organizations share similar values. Pro-Fab and Guildcrest's modular homes provide faster lead times and superior quality. Off-site construction offers clear advantages on material protection, worker comfort and superior quality control. Factory building also permits more efficient material usage and better waste management practices. As Pro-Fab's CEO, André Turcotte explained, "We identified Guildcrest as the leader in Ontario with a growth potential that matched our objectives, as set in our business plan. This way we are strengthening our leading position in Canada."
Pro-Fab, a portfolio company of Wynnchurch Capital, utilizes a direct distribution model, selling directly to customers through Pro-Fab sales sites, a strong brand recognition for superior quality and service, and a continued focus on customer satisfaction. A seven time winner, for seven consecutive years, of the Consumer's Choice Award, Pro-Fab consistently surveys customers to ensure the highest quality and strong ongoing relationships. Morty White, Managing Director of Wynnchurch's Toronto office stated, "We are proud to welcome the Guildcrest team and are excited to grow this unique platform across Canada."
About Pro-Fab: Pro-Fab has built a strong reputation and brand over the last 20 years and a leading market share in the modular home market in Quebec. Offering over 200 models and fully-integrated with a complete range of sales, design, manufacturing and construction capabilities, Pro-Fab sells directly to customers through its sales sites. With a strong brand recognition and known for superior quality and service, Pro-Fab focuses on unparalleled quality and customer satisfaction. www.profab.ca
About Guildcrest Building Corporation: Based in Morewood, ON, Guildcrest has been building high quality, energy-efficient modular homes since 1991. With a network of company owned sales centres and more than 2O Authorized Builders, Guildcrest offers homes to lot owners across Ontario. Active in several residential development projects and "Adult Lifestyle" communities, Guildcrest has also developed strong relationships with many of Ontario's First Nations communities. www.guildcrest.com
About Wynnchurch Capital, Ltd.: Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit and Toronto and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch's strategy is to partner with middle-market companies in the United States and Canada which possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. www.wynnchurch.com
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Céline Marcotte - vp marketing & communications