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
Location
North Carolina, United States
Transaction Type
Buyout

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