Livingstone’s Industrial team has advised HawkeyePedershaab, Inc. on its sale to Forsyth Capital Investors, LLC. Transaction terms were not disclosed.
Founded in 1915, HawkeyePedershaab designs, engineers, and manufactures capital equipment for the production of concrete pipe, box culverts, and manholes. With manufacturing facilities in Mediapolis, Iowa and Bronderslev, Denmark, HawkeyePedershaab offers a comprehensive portfolio of equipment systems and aftermarket parts for manufacturers of precast concrete products ranging from stand-alone production machines to fully automated plants with robotics and control technology.
Karl Freimuth, Livingstone Managing Director, commented: “HawkeyePedershaab is an industry pioneer in the manufacture of capital equipment serving the global infrastructure sector. We are proud to have advised HawkeyePedershaab on a successful sale and to have found an experienced partner in Forsyth Capital to support the Company’s ambitious global growth strategy.”
Vern Cameron, Chief Executive Officer of HawkeyePedershaab, added: “Livingstone’s Industrial team demonstrated a deep knowledge of our business model and sector, while serving as a valuable resource to the HawkeyePedershaab management team throughout the process. Livingstone’s professionalism and steadfast approach from deal inception to closing were critical to delivering a successful transaction outcome.”
“We are thrilled to partner with HawkeyePedershaab’s talented leadership team and its 278 team members worldwide, whose commitment to providing the highest quality products and services have established the company as a market leader,” said Ryan Gable, Forsyth Capital co-founder and managing director. “HawkeyePedershaab represents a strong platform business in the infrastructure equipment industry, one of the key target sectors Forsyth Capital has been pursuing.”