Versa-Lok Family of Companies

Minneapolis, Minnesota – Quazar is pleased to announce its client, the Versa-Lok Family of Companies (“Versa-Lok” or “Company”), has been acquired by TCC Companies (“TCC Materials”) and Rock Hard Landscape Supply (“Rock Hard”), both Minnesota-based, family-owned businesses. Quazar acted as Versa-Lok’s exclusive financial advisor in the transaction, while Taft Stettinius & Hollister LLP served as legal counsel. Boyum Barenscheer PLLP provided tax counsel, and Eide Bailly LLP performed the sell-side Quality of Earnings for Versa-Lok in the transaction. The transaction closed on April 8, 2024, and terms of the transaction were not disclosed.

Versa-Lok, an Oakdale, Minnesota-based company, was founded in 1965 by Peter and Sharon Blomquist and later owned by second generation family members Terri Jungquist and Dana Carlson. The Versa-Lok Family of Companies is a unique, vertically integrated group of businesses offering landscaping products and services to the residential, commercial, and institutional sectors. The Company’s focus is on the hardscape market, including its nationally recognized segmental retaining wall product, VERSA-LOK.

Both the Company’s manufacturing division, operating under the name Willow Creek Concrete Products, and its Versa-Lok national licensing program will be owned and operated by TCC Materials and one of its operating companies, Amcon Concrete Products (“Amcon”). Amcon Vice President & General Manager Mark Setterstrom said, “Versa-Lok has a premiere brand name and has been very active in the industry nationally. The success of Versa-Lok allows us to enhance and grow our hardscapes product line. We look forward to the opportunities for integrating our current portfolio of products in conjunction with existing Versa-Lok offerings as we look toward the future.”

Meanwhile, the Company’s retail and wholesale distribution division, along with its design-build operation, operating under the names Patio Town and Villa Landscapes, respectively, will be acquired by Rock Hard Landscape Supply. Rock Hard is a privately held landscape distribution company owned and operated by Brian & Andrea Feist. This acquisition will bring Rock Hard’s total number of distribution facilities to seven across the greater Twin Cities area.

Former Versa-Lok owner Terri Jungquist stated, “Both my sister, Dana, and I are pleased to transition our family-owned business to two other Minnesota-based family-owned companies with great reputations. We are excited to see what both parties can do with the strong portfolio of companies and brands our parents started many years ago. We also want to thank Quazar for guiding us through what was a complex transaction; we could not have gotten it done without their support and strategic advice.”

Versa-Lok Family of Companies (versa-lok.com) is a vertically integrated manufacturer and distributor of hardscape products. Versa-Lok’s portfolio of businesses includes Willow Creek Concrete Products, Versa-Lok Retaining Wall Systems, Patio Town, and Villa Landscapes. The Company’s key brands include segmental retaining wall system, VERSA-LOK, big block products, Bronco and Brute, and garden wall product, Handy-Stone.  

TCC Companies (tccmaterials.com) a leading manufacturer of spec blended construction products, established roots in Minnesota as Twin City Concrete Products Co. in 1957. Now doing business as TCC Materials after expanding to include plants in Wisconsin, North Dakota, South Dakota, Iowa, Nebraska, Kansas, Georgia, and Pennsylvania, it provides the United States and Canada with pre-mixed concrete, mortars, grouts, tile products, concrete repair products, and decorative landscape solutions. The TCC Companies includes TCC Materials, Amcon Concrete Products, Roberts Concrete Products, Borgert Products, and now Versa-Lok Retaining Wall Systems and Willow Creek Concrete Products.

Rock Hard Landscape Supply (rockhardlandscapesupply.com) was founded in 2008, and Rock Hard Landscape Supply has become a premier distributor of landscaping supplies in the Twin Cities. With the addition of three Patio Town locations, the company will now service its retail and contractor customers out of seven distribution yards across the Greater Twin Cities area. The Villa Landscapes design-build business that was acquired as part of this acquisition has seen significant growth in recent years and will be an important new line of business for the company going forward.

Quazar (quazarinc.com) is a Minneapolis-based Investment Bank founded in 1990. Quazar specializes in working with privately-held businesses within various industries, including: manufacturing, distribution, business services, technology, and consumer. Quazar provides both sell-side and buy-side advisory services to companies in the lower middle and middle-market.