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  1. Fund IV Sells Expocrete

    Fund IV has announced the sale of Expocrete Concrete Products Ltd. (“Expocrete”).  Expocrete is Western Canada’s largest custom manufacturer of specialized concrete hardscape and masonry products supplying the commercial, retail and infrastructure end markets in Western Canada and Washington State.

    Expocrete was acquired in an all-cash transaction by a subsidiary of Oldcastle Building Products, Inc., a division of CRH plc.  The transaction closed on March 18, 2013.

    Fund IV, in partnership with management, acquired Expocrete in November 2007.  Under Fund IV’s ownership, Expocrete expanded its geographic footprint from one plant in Alberta to seven plants operating across all four Western Canadian provinces and Washington State, completed two accretive acquisitions, greenfielded one of the industry’s lowest cost manufacturing facilities in North America, and executed significant financial and operational improvements.

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