Brown Gibbons Lang & Company (BGL), a leading independent investment banking and financial advisory firm, has released a new industry report from its Industrials investment banking team on M&A trends in the Building Products sector. Companies are navigating the reverberations of a global pandemic, the silver lining of which has been the acceleration of home investment. (PRNewsfoto/Brown Gibbons Lang & Company)
The Housing market rebounded sharply in mid-2020 with strong fundamentals serving to anchor the Residential market. The Commercial market is strengthening with a full recovery in sight for 2022. Challenges borne from COVID-19 have reemphasized the need for portfolio diversification, supply chain control, and technology to increase scale and operational efficiencies, which will benefit the broader marketplace and drive mergers and acquisitions.
BGL Announces the Sale of a Majority Stake of Rabco Enterprises to Mako Steel
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New State Takes a Stake in Rabco
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New State Capital Partners And Mako Steel Take Majority Stake In Rabco
Creates First Nationwide Player in Self-Storage Solutions
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LARCHMONT, N.Y., March 17, 2021 /PRNewswire/ New State Capital Partners ( New State or the firm ) and its portfolio company, Mako Steel, today announced they have made a majority investment in Rabco Enterprises LLC, a full-service provider of self-storage building systems based in Winter Garden, FL. Together, Mako and Rabco will form a nationwide self-storage solutions company. Terms of the transaction were not disclosed.
The Rabco executive team will retain a stake in the combined operation. Mako Steel CEO Caesar Wright will become CEO of the combined entity, and Emmett Buster Owens III, president of Rabco, will continue with the combined company. Ron Raboud and Larry Cox, owners of Rabco, will remain in advisory roles to the combined business.
The BGL Automotive & Aftermarket Insider - eCommerce Evolved: What leading executives are saying about the shift to digital
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