Lakeside Partners Advises Gage Brothers on its sale TO Molin Concrete Products
Lakeside Partners is pleased to announce that it served as exclusive financial advisor to Gage Brothers (“Gage”) in connection with its sale to Molin Concrete Products (“Molin”).
Founded in 1915, Gage Brothers is a long-standing Sioux Falls, SD manufacturer of architectural and structural precast concrete products. Over its long history, the Company has contributed to many of the region’s most recognizable projects, including the Steel District, the Sanford Fieldhouse, and facilities at South Dakota State University and Augustana University, as well as major Midwestern venues such as Target Field and Huntington Bank Stadium.
With more than a century of family-rooted legacy, the Gage management team sought a long-term partner who would preserve the Company’s history, support its workforce, and position the business for continued growth. Lakeside Partners was engaged to evaluate a broad range of strategic alternatives, including financing partners, financial sponsors, and strategic acquirers.
Lakeside conducted a highly targeted outreach process that generated significant interest from both strategic and financial buyers. Despite a complex financial profile, the Company received multiple compelling proposals. Following a competitive process, the team selected Molin Concrete Products, a Minnesota-based precast manufacturer seeking to expand its footprint and employee base. Under Molin’s ownership, more than 270 jobs will remain in Sioux Falls, providing enhanced stability and new opportunities for Gage employees.
Taylor Fish, Partner at Lakeside Partners, commented, “We are excited to find a partner for the Gage Brothers team and employee base. It's a great business with immense opportunity to grow well into the future.”
Ballard Spahr served as legal counsel to Gage Brothers.
About Lakeside Partners
Lakeside Partners, which has offices in Minneapolis, MN, Seattle, WA, and Sioux Falls, SD, provides M&A advisory services to privately-held businesses. The firm has extensive expertise serving businesses across multiple industry verticals including industrials, business services, food & beverage, specialty distribution, consumer & retail and technology. For more information, please visit lakesidepartners.com.
For more information about our firm or this transaction, please contact:
Taylor Fish
Partner
tfish@lakesidepartners.com
605.759.0341
Chris Haekenkamp
Associate
chaekenkamp@lakesidepartners.com
612.401.6753