O’Melveny Represents Solace Capital Partners in Fabcon Deal

FOR IMMEDIATE RELEASE

LOS ANGELES—September 6, 2018—O’Melveny represented Solace Capital Partners in acquiring a majority interest in Fabcon Holding Corporation, a leading manufacturer of precast, pre-stressed concrete wall panels, from Platinum Equity, which acquired Fabcon in 2016. The parties announced the deal today; financial terms were not disclosed.

Based in Savage, Minn., Fabcon’s structural precast wall panels are used primarily in the construction of warehouses and distribution centers as well as mixed-use office, industrial, data centers, and retail facilities. Fabcon serves the eastern half of the US through its four strategically located manufacturing facilities in Minnesota, Ohio, Pennsylvania, and Kansas.

Solace Capital Partners is a private investment firm focused on special situations and distressed-for-control investments in lower-middle market companies. Launched in 2014, Solace has approximately $610 million of assets under management, with offices in Los Angeles and New York.

The O’Melveny team was led by partners David Smith and Rob Graffum, and associate Shawmir Naeem on M&A issues, and partner Thomas Baxter, counsel Sarah Hoffner, and associate Joshua Chow on finance.

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