M&A Deal Summary

Solace Capital Partners Acquires CST Industries

On January 3, 2018, private equity firm Solace Capital Partners acquired manufacturer CST Industries for 93M USD

Acquisition Highlights
  • This is Solace Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Solace Capital Partners’ largest (disclosed) transaction.
  • This is Solace Capital Partners’ 1st transaction in the United States.
  • This is Solace Capital Partners’ 1st transaction in Kansas.

M&A Deal Summary
Date 2018-01-03
Target CST Industries
Sector Manufacturing
Buyer(s) Solace Capital Partners
Deal Type Special Situations/Distressed
Deal Value 93M USD

Target

CST Industries

Kansas City, Kansas, United States
website
CST Industries is a manufacturer and erector of factory coated metal storage tanks. CST's product offering includes bolted and factory welded tanks for use in a wide variety of applications, aluminum geodesic domes, and agricultural feed and waste storage systems. CST Industries was established in 1893 and is based in Kansas City.

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Buyer(S) 1

Buyer

Solace Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2013
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Solace Capital Partners is a private equity firm focused on proving equity and debt to lower middle-market US and Canadian companies facing complex situations. The Firm looks to invest $20 to $100 million per transaction in companies generating $50 million to $1 billion of revenue. Sectors of interest include industrial, consumer, energy, transportation, business services, financial services, technology, media, and telecommunications. Solace Capital Partners was established in 2013 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Fabcon Precast

Savage, Minnesota, United States

Fabcon Precast is a manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications. Fabcon’s structural precast wall panels are used primarily in the construction of warehouses and distribution centers as well as mixed-use office, industrial, data centers, and retail facilities. Fabcon Precast was established in 1970 and is based in Savage, Minnesota.

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