Alcrete Industries Acquires Cape Fear Precast
March 17, 2023
Alcrete Industries, a Pell City, Alabama-based precast concrete manufacturer, has acquired Cape Fear Precast, a Jacksonville, North Carolina NPCA-certified precast concrete plant. Midwest Mezzanine provided subordinated debt financing to support Alcrete's acquisition, which expands Alcrete's production footprint and product portfolio in the Southeastern U.S.
- Buyers
- Alcrete Industries LLC, Midwest Mezzanine Funds
- Targets
- Cape Fear Precast LLC
- Sellers
- Tom Krakauskas, Jerome Coker
- Industry
- Building Products
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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