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M&A Deal Summary

Platinum Equity Acquires Fabcon Precast

On September 6, 2016, private equity firm Platinum Equity acquired building materials company Fabcon Precast

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Building Materials sector.
  • This is Platinum Equity’s 65th transaction in the United States.
  • This is Platinum Equity’s 3rd transaction in Minnesota.
Investment Fate
  • Fabcon Precast was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2016-09-06
Target Fabcon Precast
Sector Building Materials
Buyer(s) Platinum Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

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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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 78 of 152
Sector (Building Materials) 3 of 8
Type (Buyout (LBO, MBO, MBI)) 9 of 23
State (Minnesota) 3 of 5
Country (United States) 65 of 119
Year (2016) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-24 Key

Houston, Texas, United States

Key is an onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Mexico and Russia. Key was founded in 1977 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 MACtac

Stow, Ohio, United States

MACtac LLC is a manufacturer of high-quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes.

Sell $375M
Mergr

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