Lindsay Precast veteran Hoffman appointed interim NPCA chief

Sources: National Precast Concrete Association, Carmel, Ind.; CP staff The National Precast Concrete Association Board has named Mike Hoffman of Canal Fulton, Ohio as interim chief executive officer. He will oversee the group’s 27-person staff and manage day-to-day headquarters operations while a national search continues for a full-time CEO. Hoffman served as 2018-19 NPCA chair, part of his 13-year involvement…

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Investor positions AK Masonry for organic growth, bolt-on deals

Sources: Maddix Capital, Lehi, Utah; CP staff A growth-stage private equity firm based outside Salt Lake City, Maddix Capital, has acquired a controlling stake in AK Masonry, citing plans to expand the South Jordan, Utah contractor’s services and reach. The firm worked with Hillcrest Bank, a division of NBH Bank, to secure partial financing to complete the deal.  “AK Masonry…

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