We are excited to announce that Los Angeles-based Platinum Equity has agreed to acquire FABCON Precast.
Platinum Equity operates companies across a broad range of business markets, including manufacturing, distribution, transportation and many other industries.
About the acquisition Platinum says this “We have great respect for everything the company has accomplished and look forward to working with the management team to help the business maximize its potential.”
“We’ve met with Platinum Equity several times already and they like the direction Fabcon is going,” said former FABCON CEO Mike LeJeune. “We feel that they are a great fit for us because they support our overall strategic initiatives.”
Additionally, FABCON CEO Mike LeJeune announced his retirement following the transition of ownership. LeJeune’s void has been filled by Tom Kuckhahn, who has spent the last 21 years at FABCON most recently as the Vice President of Manufacturing and Engineering. More information regarding leadership changes to follow.
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