Monomy Capital Partners, a middle market private investment firm focused on industrial and consumer businesses, has acquired Cast-Crete Holdings LLC.
Cast-Crete is a manufacturer and distributor of precast and prestressed concrete lintels and sills. Cast-Crete is known for its development of the use of precast concrete lintel products. The firm delivers its products directly to customers’ job sites and operates nine distribution locations across Florida.
“As we embark upon a new chapter with the support of Monomoy, I am confident that we will continue to supply high-quality products that support our customers and realize significant growth opportunities for the business going forward,” said Jim Connelly, CC CEO. “I look forward to building upon our historical success and leveraging Monomoy’s operational toolkit to help us continue to optimize and grow our business.”
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo P.C. provided legal counsel to Monomoy on the acquisition. Cerberus Capital Management provided financing for the transaction. Alvarez & Marsal Transaction Advisory Group, LLC served as Monomoy’s accounting advisor on the acquisition. BlackArch Partners served as financial advisor and Kirkland & Ellis LLP served as legal counsel to Cast-Crete.