KT Capital Buys ConArt

KT Capital Partners has acquired ConArt Inc., a provider of concrete products for commercial, industrial and public buildings in the Southeastern United States. No financial terms were disclosed. Corporate Finance Associates advised ConArt on the sale.


Corporate Finance Associates (CFA) a leading middle-market mergers and acquisitions firm, announced it initiated and acted as exclusive financial advisors to ConArt Inc. (ConArt) in the sale of the concrete products firm to KT Capital Partners LP (KT Capital). As a result of the acquisition, a new company, Conart Precast LLC, was formed. Headquartered in Cobb, Georgia, Conart Precast LLC is a regional provider of precast and pre-stressed concrete products for commercial, industrial and public buildings in Southeast United States.


The origins of ConArt date back to 1988 when Wayne Lyle launched his custom precast concrete business. Over the years the company has produced architectural wet cast concrete, architectural cast stone, prestressed/precast hollow-core and solid slabs, as well as structural components (beams, columns, frames, etc.) for a wide variety of structures and building types, such as schools, parking garages, commercial buildings, highway projects and other infrastructure projects. Located in Southeast Georgia, the company serves architects and contractors in the immediate region and adjoining states.


CFA helped to present ConArt as an attractive acquisition during one of the nation’s worst economic periods by tapping into in-depth construction industry knowledge and analysis of geo-specific growth opportunities. “The mechanics of determining the scope and depth of future business value was the tipping point that created a terrific outcome for all parties,” said Greg McKinley, Managing Director of CFA’s Nashville Office.


ConArt, Inc was acquired by KT Capital Partners LP, a private equity fund that owns and actively manages portfolio companies in the manufacturing, distribution and services industries throughout the Southeast United States. KT Capital has offices in Atlanta, Georgia and Fort Lauderdale, Florida.


“Quality deals are still being done in a difficult M&A environment,” said Corporate Finance Associates CEO, Peter Heydenrych. “But a successful conclusion, as in the ConArt / KT Capital transaction, depends more than ever on the quality of the parties, as well as the commitment and professionalism of their advisors.”


Transaction Information


On January 14, 2009, KT Capital Partners acquired ConArt, Inc. in a private transaction. The terms were not disclosed. Corporate Finance Associates served as exclusive financial advisor to ConArt, Inc.