Washington Partners Announces Sale of Cast-Crete USA, Inc. to Stonebridge Partners.
Tampa, Florida (PRWEB) April 25, 2017 -- Washington Partners is pleased to announce that Cast-Crete USA, Inc. has been acquired by Stonebridge Partners.
Cast-Crete USA, Inc. founded in 1955 is a family owned and operated business-serving the residential and commercial markets throughout the Southeast United States.
Cast-Crete USA, Inc. is the leading Florida-based manufacturer of branded precast concrete lintels, sills, scuppers, and thresholds used exclusively in concrete block construction of residential and commercial buildings.
Stonebridge Partners was founded in 1986 as an operations-oriented private investment firm with an interest in acquiring well-managed companies. Stonebridge has historically focused on niche manufacturing industries, including building products, infrastructure, specialty packaging and specialty manufacturing. During their three decades of activity, Stonebridge has invested over $625 million of capital in 60 separate acquisitions. “We had the pleasure of working with Washington Partners in our recent acquisition of Cast-Crete. They contacted us given our very successful prior deal in a similar space and thought our experience would be a great match with Cast-Crete and the management team. From the introduction to the seller, site visits, negotiations, and throughout the closing, the entire deal team at Washington Partners provided timely assistance we needed from them. They demonstrated a rare understanding of the relationship that occurs between the buyer and seller, especially in a complex deal like this. Washington Partners was a pleasure to deal with and we look forward to working with them again in the future,” remarked Stonebridge’s co-Managing Partner, Mike Bruno.
Washington Partners, LLC, founded in 1999, provides intermediary services such as mergers, acquisitions, divestitures, valuations, and transaction consulting for lower-middle market business owners. Their client base has included public and private companies, investor groups, and management buyout groups throughout the world. The advisors at Washington Partners were the exclusive advisors to Cast-Crete USA, Inc. Visit us at http://www.washingtonpartners.com.
If you would like to learn more about Washington Partners, or to discuss a possible strategic partnership or sale of your business, please feel free to contact George C. Chaconas or Juan C. Pardo directly at 813.254.9274 for a confidential discussion.
George C. Chaconas, Washington Partners, https://www.washingtonpartners.com, +1 (813) 245-2535, [email protected]
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