Lake Street Capital Partners Recapitalizes Concrete Science Holdings; Concrete Science Acquires MD Concrete

Main Street Capital Recapitalizes Two Northeastern Commercial Concrete Contractors

January 7, 2026

Construction

Main Street Capital Corporation completed a $35.0 million portfolio investment to facilitate minority recapitalizations of two commercial concrete contracting companies under a single holding company. The financing, which includes first-lien senior secured term debt and a direct minority equity investment, partners with the companies' existing owners and management to provide liquidity and support ongoing operations serving large commercial projects such as warehouses, distribution centers, data centers and cold storage facilities.

Soundcore Capital Partners (via ACI Holdings) Acquires ACS Asphalt Concrete Solutions

March 24, 2023

Industrial Services

Soundcore Capital Partners, through its ACI Holdings Group platform, acquired ACS Asphalt Concrete Solutions and combined it with previously acquired ACI Asphalt & Concrete to create a larger commercial paving platform in the Minneapolis / Upper Midwest market. O2 Sponsor Finance (a division of Old Second National Bank) acted as administrative agent and lead arranger on more than $44 million of senior secured financing to support Soundcore’s acquisitions; Old National Bank and Northstar Capital provided additional financing and subordinated debt. Terms were not disclosed.

Soundcore Capital Acquires ACI Asphalt & Concrete; Northstar Capital Provides Financing

August 3, 2022

Construction

Soundcore Capital Partners formed a commercial paving platform and acquired ACI Asphalt & Concrete, Inc., a Minneapolis-area asphalt and concrete contractor. Northstar Capital provided flexible capital to help finance the transaction (with reported co-investor participation from Mars Equity Partners).

KLH Capital Recapitalizes Concrete Protection & Restoration

December 19, 2024

Industrial Services

KLH Capital has completed a recapitalization of Concrete Protection & Restoration (CPR), partnering with the company’s management team to provide liquidity and capital for accelerated growth. Headquartered in Baltimore, MD, CPR is a concrete restoration and structural repair services provider with over 100 skilled field technicians offering services such as post-tension tendon repairs, structural strengthening, protective coatings and waterproofing.

Monomoy Capital Partners Acquires Cast-Crete Holdings

November 1, 2021

Building Products

Monomoy Capital Partners acquired Cast-Crete Holdings, LLC in a transaction that closed in November 2021. Cast-Crete, headquartered in Seffner, Florida, is the nation's largest manufacturer and distributor of precast and prestressed concrete lintels and sills; Monomoy will partner with CEO Jim Connelly to pursue growth opportunities in the Southeast.

Leelanau Private Capital Recapitalizes Chippewa Concrete Services; Midwest Mezzanine and Oxer Capital Provide Junior Capital

July 9, 2024

Construction

Leelanau Private Capital completed a recapitalization of Chippewa Concrete Services, a Chippewa Falls, Wisconsin specialty concrete contractor, with subordinated debt and equity provided by Midwest Mezzanine and Oxer Capital. The financing supports a recap alongside the company's largest shareholders, Barry Bohman and Kevin Patrow, to provide shareholder liquidity and support continued operations serving state DOTs, municipalities and roadway contractors.