Lithko Contracting, LLC Announces Asset Acquisition of Capitol Concrete Contractors, Inc.
January 15, 2021 10:57 AM Eastern Standard Time
WEST CHESTER, Ohio–(BUSINESS WIRE)–Lithko Contracting, LLC (“Lithko”), a leading national concrete contractor, along with their equity partners The Pritzker Organization and DNS Capital, announced today that on December 31, 2020 they acquired assets of Capitol Concrete Contractors, Inc. (Capitol).
“The team at Capitol is excited to partner with Lithko. Our new partnership will drive exceptional value and solidify our place as an industry leader in the Austin and Central Texas Region. Our excitement extends to our coworkers, customers and vendor partners.”
Capitol has been providing superior concrete contracting services since 2003, specializing in total package concrete construction, including foundations, tilt-walls, slabs, and site work. Capitol has over 300 coworkers, serving clients across the Austin and Central Texas regions. Capital has a focus on family values and loyalty to their coworkers while creating and maintaining strong customer relationships based on dependability, quality, and safety.
Lithko is a market-leading, full service commercial concrete contractor specializing in the execution of walls, tilt-ups structural frames, slabs, super flats, site work, foundations and pre-construction services. Lithko has over 3,000 coworkers serving over 500 clients across 19 geographic regions. Lithko has a unique local service model designed to keep co-workers close to home and create exceptional customer service in each town.
Jordan Moore, Capitol Vice President, said, “The team at Capitol is excited to partner with Lithko. Our new partnership will drive exceptional value and solidify our place as an industry leader in the Austin and Central Texas Region. Our excitement extends to our coworkers, customers and vendor partners.”
Rob Strobel, Lithko President, said, “Capitol has an exceptional team and a proven track record of delivering value to its customers. We are delighted to have a presence in the Austin market and support the growth of the business over the long term. We look forward to working closely with Jordan and the Capitol team to help them build on their impressive track record of success.”
Morrison, Friedrich & Spinn, CPAs acted as financial advisor and Axiom was the broker for Capitol. D.A. Davidson & Co. was broker for Lithko.