SC&H Capital provided me and the Roman Stone board of directors with invaluable guidance and advice as we navigated each stage of the sale process.
Tom MontalbinePresident Roman Stone
Founded in 1903, and located less than 30 miles from New York City, Roman Stone Construction Company (“Roman Stone” or “the Company”) is the closest industrial manufacturer of precast concrete products to NYC and produces a wide variety of products, including temporary and permanent roadway barriers, proprietary underground electrical conduit, and underwater renewable energy electrical transmission protection products.
Roman Stone hired SC&H Capital to find a buyer that would continue the Company‘s 120-year legacy of successful operation while maximizing value to its shareholders. SC&H Capital worked closely with Roman Stone’s management team to competitively position the Company for an acquisition, creating marketing materials, implementing a structured marketing process, contacting the most likely strategic and financial acquirers, and evaluating and negotiating offers to achieve a premium valuation and favorable deal terms, including an enhanced lease on the family-owned real estate on which the business operates.
Ultimately, the Company decided to enter into a sale transaction with The Alzana Group and Cranbrook Partners. Roman Stone now serves as Alzana’s initial platform in the precast concrete space, positioning the Company for future growth.