Investor closes deal for MBE/DBE rebar fabricator Circle City

Sources: Metropolitan Capital, Chicago

Real estate development-seasoned KWILL Capital Partners has acquired Circle City Rebar of Indianapolis, an advanced fabricator that has supplied such major concrete projects as the Lucas Oil Stadium (local); O’Hare International Consolidated Rental Car/Parking Facility, Chicago; and, the East End Bridge, linking Indiana and Kentucky over the Ohio River.

“We picked KWILL as a partner because they have a long-term focus, high integrity, and share our passion for service,” says CCR President Frank Davis, who remains with the business and transitions to chairman next year. “They bring excitement, enthusiasm and dynamic thought-leadership to our business, which are the key ingredients to continued growth here in the Midwest and beyond.”

 “We are excited to operate CCR with the same customer-first mentality, while maintaining the valuable, decades-long relationships Frank has cultivated with strategic partners and suppliers,” adds KWILL co-principal Hugh Williams, noting that Circle City will continue as a Minority-Owned Business with MBE and DBE designations.