Platinum Equity has sold a majority stake in Fabcon Holding Corporation to Solace Capital Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that it has represented Platinum Equity on the sale of a majority stake in Fabcon Holding Corporation (“Fabcon” or the “Company”) to Solace Capital Partners (“Solace”). Terms of the transaction were not disclosed.
Founded in 1970 and headquartered in Savage, Minnesota, Fabcon is a 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.fabconprecast.com.
Lincoln acted as the exclusive financial advisor to Fabcon and Platinum Equity, working closely with its shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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