M&A Deal Summary

Fabcon Precast Acquires Oldcastle Infrastructure - Building Services Division

On February 18, 2021, Fabcon Precast acquired building materials company Oldcastle Infrastructure - Building Services Division from Oldcastle Infrastructure

Acquisition Highlights
  • This is Fabcon Precast’s 1st transaction in the Building Materials sector.
  • This is Fabcon Precast’s 1st transaction in the United States.
  • This is Fabcon Precast’s 1st transaction in New York.

M&A Deal Summary
Date 2021-02-18
Target Oldcastle Infrastructure - Building Services Division
Sector Building Materials
Buyer(s) Fabcon Precast
Sellers(s) Oldcastle Infrastructure
Deal Type Divestiture

Target

Oldcastle Infrastructure - Building Services Division

Selkirk, New York, United States
Building Services Division is a manufacturer of precast, hollow-core planks, columns, beams, and wall panels for the U.S. multifamily, commercial, and student housing sectors.

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Buyer(S) 1

Buyer

Fabcon Precast

Savage, Minnesota, United States
Category Company
Founded 1970
Sector Building Materials
Employees900
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 3
Type (Divestiture) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Kerkstra Precast

Grandville, Michigan, United States

Kerkstra Precast is a producer of high-quality precast and prestressed concrete products. Kerkstra serves the industrial, commercial, residential, and infrastructure markets across the Midwest. Its comprehensive product offering includes structural and architectural wall panels, hollowcore planks, beams, columns, double tees, stairs, and other specialty products. Kerkstra Precast was founded in 1962 and is based in Grandville, Michigan.

Buy -

Seller(S) 1

SELLER

Oldcastle Infrastructure

Atlanta, Georgia, United States
Category Company
Sector Infrastructure
DESCRIPTION

Oldcastle Infrastructure, Inc. is a provider of precast, storm water, enclosure, and building accessory product based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 Suttle

Hector, Minnesota, United States

Suttle, Inc. is a home technology company that specializes in high-speed connectivity solutions from the edge of the network into a well-connected smart home or small business. The company is a manufacturer of communication connectivity products to the major service providers and installers. Suttle was formed in 1910 and is based in Hector, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Hancock

Hancock, Minnesota, United States

Formed in 1917, Hancock serves Minnesota, Iowa, Wisconsin, and the Dakotas with pre-cast concrete products including box culverts, arch, and round pipe, manholes, and landscaping block.

Buy -
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