Argyle Capital Partners invests in TRS Components Ltd.
by CM Staff
TRS is an Ontario-based manufacturer and installer of roof trusses as well as wall and floor panels for the new home construction market.
TORONTO — Argyle Capital Partners has acquired TRS Components Ltd.
The company says the transaction closed in July 2022.
TRS is an Ontario-based manufacturer and installer of roof trusses as well as wall and floor panels for the new home construction market. With over 130 employees, TRS supplies its products and services out of Thorndale, Ont. and Romeo, Mich.
“TRS has been a leading player in roof trusses for over 45 years in Southwestern Ontario. Over that time, we have grown significantly and now in addition to roof trusses, we manufacture complete packages that include wall panels and floor joists, and provide customers the option of installation of our products. Four years ago, we entered the Michigan market with our second manufacturing facility and continue to look for more ways to expand our products and services. I could not be more excited about the future for TRS and its employees and believe Argyle are the right team to assist us in achieving our goals,” said Ed Davis, president of TRS in a statement.
For this transaction, Argyle partnered with Celina Capital Corporation, a family office based in Toronto. Andrea Nickel, managing director and Edward Feldman, VP corporate development at Celina, will serve as members of the board of directors alongside representatives from Argyle.