Fabcon has been sold to Platinum Equity
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that it represented Fabcon Companies, LLC (“Fabcon” or the “Company”) in its sale to Platinum Equity. Terms of the transaction were not disclosed.
Founded in 1970 and headquartered in Savage, Minnesota, Fabcon is a privately owned provider of precast and prestressed concrete wall panels, primarily for nonresidential construction end markets. The Company provides a one-stop service offering including engineering, fabrication, erection and project management. Fabcon operates four manufacturing facilities in Minnesota, Ohio, Pennsylvania and Kansas. For more information about the Company, please visit www.fabcon-usa.com.
This transaction represents another important concrete industry deal for Lincoln’s highly active Building and Infrastructure Group, which has now closed 40 merger transactions globally since the beginning of 2013. “We were honored to work with Fabcon on this successful transaction,” said Jeff Corum, Head of the Building and Infrastructure Group at Lincoln. “Fabcon is a leader in the precast concrete industry run by a highly successful and experienced management team, and Platinum is a strong partner that will support the Company’s continued growth both organically and through acquisition.”
Lincoln acted as the exclusive investment banking representative for Fabcon in this transaction, working closely with the Company’s shareholders and management throughout the sale process. This included managing the preparatory, marketing and diligence phases of the process.
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