Sources: Fabcon Precast, Minneapolis; CP staff
Fabcon Precast has closed on Grand Rapids, Mich.-based Kerkstra Precast, which serves industrial, commercial, residential, and infrastructure markets from headquarters and Detroit satellite plants. Its product offering includes structural and architectural wall panels, hollowcore plank, beams, columns, double tees, stairs, and specialty elements.
“For 59 years, Kerkstra has built a reputation as a trusted partner, providing total precast solutions to its broad customer base,” says Fabcon CEO Mike Rafi. “We are delighted to welcome Kerkstra to the Fabcon family.”
“This transaction is an excellent opportunity for Kerkstra Precast to align with Fabcon, and we are excited to integrate with the Fabcon team,” adds CEO Greg Kerkstra. “We are confident that together the business will continue to thrive.”
The two Michigan plants strengthen Fabcon’s position as precast, prestressed leader in the Midwest and Great Lakes markets. The producer will offer an expanded portfolio of products, operating seven sites throughout from New York to Kansas. Fabcon provides end-to-end integrated capabilities, from engineering and design to production, project management and construction.
“The acquisition is part of the continuing transformation of Fabcon. We look forward to working with Greg and the Kerkstra team as Fabcon continues to expand into complementary products and markets, allowing us to provide a total precast solution,” affirms Brian Moody, operating partner at lead investor, Los Angeles-based Solace Capital Partners.