FOR IMMEDIATE RELEASE
January 5, 2016
Richmond, VA – Transact Capital Partners is pleased to announce that SJW Commercial Concrete, LLC, a Richmond, Virginia construction company specializing in niche concrete construction, and cell tower stacking and technology installation, has sold a majority ownership to Technical Partners, LLC. Transact Capital Partners served as the exclusive financial advisor to SJW Commercial Concrete in the transaction. Terms of the transaction were not disclosed.
SJW was founded in 2009 by Shawn Waters, who rapidly grew the company from a general concrete contractor focusing on industrial projects to a niche contractor servicing the wireless tower industry. The company began to also stack the towers and install technology infrastructure, eventually offering a full-service, turnkey operation to clients. SJW is a well-respected partner in the wireless tower space with a reputation for high quality work completed in an efficient manner.
Technical Partners, LLC, also headquartered in Richmond, Virginia, is composed of two unnamed investors who will provide financial and operational partnership to SJW. Technical Partners will become the majority equity owner of SJW Commercial Concrete. Shawn Waters will remain in charge of the daily operations of SJW.
Barry Krauss, Senior Vice President at Transact Capital Partners, led the transaction for SJW.
Transact Capital Partners is a full-service business brokerage, mergers and acquisitions advisory firm headquartered in Richmond, VA, with offices in Roanoke and Tidewater, VA, Lexington, KY, Orlando, FL, and Central Pennsylvania. Transact focuses on the needs of privately held companies in the lower middle market with enterprise values under $100 million. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to assist many business owners exit their companies or explore other opportunities. Securities transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please call Barry Krauss at 804-612-7109 (Barry@TransactCapital.com), or contact Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.