Secondary Buyout • Construction

Cerberus Capital Management Acquires Landmark Structures

On December 19, 2024, asset manager Cerberus Capital Management acquired construction company Landmark Structures from Graycliff Partners

Acquisition Context
  • This is Cerberus Capital Management’s 1st transaction in the Construction sector.
  • This is Cerberus Capital Management’s 66th transaction in the United States.
  • This is Cerberus Capital Management’s 6th transaction in Texas.

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M&A Deal Summary

Date December 19, 2024
Target Landmark Structures
Sector Construction
Buyer(s) Cerberus Capital Management
Sellers(s) Graycliff Partners
Deal Type Secondary Buyout

Target Company

Landmark Structures

Fort Worth, Texas, United States
Landmark Structures is a specialty engineering, contracting company and manufacturer that designs, fabricates, installs, and services elevated water storage tanks. Landmark Structures was founded in 1974 and is based in Fort Worth, Texas.
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Buyer Overview 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


Deal Context for Buyer #
Overall 90 of 93
Sector: Construction 1 of 1
Type: Secondary Buyout 16 of 17
State: Texas 6 of 6
Country: United States 66 of 68
Year: 2024 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 Outform

Chicago, Illinois, United States

Outform is a provider of point-of-purchase displays and related services. Outform provides a comprehensive solution for custom point-of-purchase displays, including creative design, engineering, prototyping, production, and logistics. Outform was founded in 1938 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-24 Votaw Precision Technologies

Santa Fe Springs, California, United States

Votaw Precision Technologies is a precision manufacturing company with comprehensive and vertically integrated capabilities and capacity in precision machining, fabrication, large complex assembly, testing, and finishing, enabling it to support a diverse customer base from first article to full-rate production. Votaw Precision Technologies was founded in 1963 and is based in Santa Fe Springs, California.

Buy -

Seller Profile 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


Deal Context for Seller #
Overall 38 of 38
Sector: Construction 1 of 1
Type: Secondary Buyout 14 of 14
State: Texas 4 of 4
Country: United States 35 of 35
Year: 2024 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Accelalpha

Bellevue, Washington, United States

Accelalpha is a business and IT consulting services firm that provides services across a breadth of industries. Accelalpha primarily focuses on providing end-to-end enterprise solution implementation services and is recognized for its rigorous, results-oriented approach in the development of solutions that deliver tangible results in a short time frame. Accelalpha’s breadth of consulting expertise includes project management, business process re-engineering, solutions architecture, application implementation, technology development, managed services, and systems administration. Accelalpha was founded in 2009 and is based in Bellevue, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-06 Boss Industries

LaPorte, Indiana, United States

Boss Industries is a provider of power take-off (PTO) rotary screw air technology, offering a full line of vehicle-integrated compressors as well as natural gas booster and vapor recovery systems. Boss Industries was founded in 1988 and is based in LaPorte, Indiana.

Buy -