Sources: Fabcon Precast, Savage, Minn.; CP staff
Four-plant, prestressed hollow core panel producer Fabcon has named Mike Rafi as chief executive officer. He succeeds Mike LeJeune, who transitions to chairman of the board after overseeing day-to-day operations for 20 years.
Rafi has served in senior leadership roles over the past two decades, gaining exposure to manufacturing and construction, along with merger & acquisition activity. He was most recently CEO of Contech Engineered Solutions, leading into its acquisition by Quikrete Cos., and had arrived at the concrete and steel infrastructure solutions specialist following an Oshkosh Corp. management tenure.
“I believe Fabcon has a great business model combined with a talented management team and is poised for tremendous growth both organically and through acquisitions,” notes Rafi.
“Mike LeJeune and Mike Rafi strengthen Fabcon. Their combined experience and skills are tailor-made for our plans of continued market leadership, innovation and growth,” adds Brian Moody, operating partner for Solace Capital Partners, primary shareholder.