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Solace Capital Partners has acquired a majority pale in Savage, Minnesota-based Fabcon, a maker of precast, pre-stressed accurate bank panels for nonresidential architecture applications. Platinum Disinterestedness will abide a “meaningful” disinterestedness broker in Fabcon. No banking agreement were disclosed.

PRESS RELEASE

LOS ANGELES–(BUSINESS WIRE)–Solace Capital Partners (“Solace”) today appear it has acquired a majority absorption in Fabcon Holding Corporation (“Fabcon” or the “Company”), a arch architect of precast, pre-stressed accurate bank panels for nonresidential architecture applications. Platinum Equity, which acquired Fabcon in 2016, will abide a allusive disinterestedness broker and Aggregation administration will additionally participate in the transaction. Banking agreement were not disclosed.

Based in Savage, Minn., Fabcon’s structural caked bank panels are acclimated primarily in the architecture of warehouses and administration centers as able-bod as mixed-use office, industrial, abstracts centers and retail facilities. The Aggregation is a trusted accomplice to a ample arrangement of architecture owners and developers and provides its baddest barter with a absolute and chip account alms that includes engineering, fabrication, adjustment and activity management. Fabcon serves the eastern bisected of the U.S. through its four strategically-located accomplishment accessories in Minnesota, Ohio, Pennsylvania and Kansas.

Chris Brothers, a Managing Accomplice at Solace, said, “Fabcon is a able bazaar baton with a different chump amount proposition, accouterment best-in-class affection and account aural the nonresidential architecture industry including to the rapidly-

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