CFA Cements Sale of Construction Products Company to Private Equity Firm - Corporate Finance Associates is Financial Advisor to Precast Concrete Fabricator

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Corporate Finance Associates (CFA) announced it initiated and acted as exclusive financial advisor to ConArt Inc. (ConArt) in the recent sale of the Cobb, Georgia based company. ConArt, a leading provider structural and architectural precast concrete product for commercial, industrial and public buildings in Southeast US, has been acquired by KT Capital Partners, LP of Atlanta, Georgia. CFA's in-depth industry knowledge played a key role in satisfying buyer and seller objectives.

Corporate Finance Associates (CFA) a leading middle-market mergers and acquisitions firm, announced it initiated and acted as exclusive financial advisors to ConArt Inc. (ConArt) in the sale of the concrete products firm to KT Capital Partners LP (KT Capital). As a result of the acquisition, a new company, Conart Precast LLC, was formed. Headquartered in Cobb, Georgia, Conart Precast LLC is a regional provider of precast and pre-stressed concrete products for commercial, industrial and public buildings in Southeast United States.

The origins of ConArt date back to 1988 when Wayne Lyle launched his custom precast concrete business. Over the years the company has produced architectural wet cast concrete, architectural cast stone, prestressed/precast hollow-core and solid slabs, as well as structural components (beams, columns, frames, etc.) for a wide variety of structures and building types, such as schools, parking garages, commercial buildings, highway projects and other infrastructure projects. Located in Southeast Georgia, the company serves architects and contractors in the immediate region and adjoining states.

CFA helped to present ConArt as an attractive acquisition during one of the nation's worst economic periods by tapping into in-depth construction industry knowledge and analysis of geo-specific growth opportunities. "The mechanics of determining the scope and depth of future business value was the tipping point that created a terrific outcome for all parties," said Greg McKinley, Managing Director of CFA's Nashville Office.

ConArt, Inc was acquired by KT Capital Partners LP, a private equity fund that owns and actively manages portfolio companies in the manufacturing, distribution and services industries throughout the Southeast United States. KT Capital has offices in Atlanta, Georgia and Fort Lauderdale, Florida.

"Quality deals are still being done in a difficult M&A environment," said Corporate Finance Associates CEO, Peter Heydenrych. "But a successful conclusion, as in the ConArt / KT Capital transaction, depends more than ever on the quality of the parties, as well as the commitment and professionalism of their advisors."

Transaction Information

On January 14, 2009, KT Capital Partners acquired ConArt, Inc. in a private transaction. The terms were not disclosed. Corporate Finance Associates served as exclusive financial advisor to ConArt, Inc.

About Corporate Finance Associates

Corporate Finance Associates is a major investment banking services firm, with over 30 offices across North America providing middle-market companies with a wide range of financial advisory services and access to capital resources in support of buying or selling a business. From project inception to completion a senior principal guides clients through every challenge, advocates on their behalf, and leverages CFA's experience and extensive resources. More information is available via the Internet at


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