Kerkstra Precast

Sell-side

Exclusive Financial Advisor, April 2021

Sale to Fabcon Precast, a portfolio company of Solace Capital Partners

Kerkstra Precast, Inc. is a leading manufacturer of engineered precast and prestressed solutions including insulated wall panels, structural wall and ceiling panels, beams and columns, hollowcore panels, double tees and architectural wall panels. The Company’s products are found in end use environments including higher education, multi-family residential, industrial, commercial and public infrastructure. The company operates two strategically located facilities in Grand Rapids, Michigan and Detroit, Michigan.

Founded in 1971, Fabcon is a leading provider of structural precast wall panels. During its 50 years, the company has expanded capabilities, grown markets and pioneered multiple precast panel firsts. It currently operates out of five manufacturing facilities and delivers product to nearly all of the 48 contiguous states.

Solace Capital Partners is a private investment firm focused on constructive investing in lower-middle market companies in the United States. Solace provides flexible equity and debt solutions for established businesses, seeks to leverage its extensive expertise to provide financial stability, lead operational improvements and drive performance growth in its portfolio companies, and aims to generate attractive risk-adjusted returns for its investors. Solace's principals have an average of 25 years of relevant investing experience across various sectors and have invested over $5 billion across over 100 companies. Launched in 2014, the firm has approximately $480 million of assets under management and is headquartered in Los Angeles.

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