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Houston Firm Combines Nine Steel Companies Into FabTech

HOUSTON-Main Street Ventures II is catapulting nine steel structure-fabrication companies into a single behemoth corporation, with $240 million in projected revenues for this year. Houston wins the headquarters bid.

By Jack Burney | Updated on November 20, 2000

HOUSTON-It’s an instant national steel structure-fabricating company with 1,000 employees, and $240 million in projected revenues for the year 2000, which makes it, overnight, one of the largest such firms in the country.

Houston’s private investment firm, Main Street Ventures II, has managed to put together nine independent companies, which build steel structures, to form Fabrication Technology Corp. – or just “FabTech,” — with operations in six states and headquarters in Houston. Companies comprising FabTech include: – Lyndon Steel Group, including Lyndon Steel Co. and Winston Steel & Stair Co. of Winston-Salem, NC and Kinston Steel Co. of Kinston, NC,- Steel Fabricators LLC of Ft. Lauderdale, FL, – Presco Steel Group, including Presco Steel Inc. and Presco Steel Erectors Inc. of Gainesville, GA- Steel Inc. of Scottdale, GA- Wylie Steel Fabricators Inc. of Brentwood, TN- C&I Steel Inc. of Hyannis, MA- Superior Steel Inc. of Knoxville, TN- Fabco Metal Products Inc. of Daytona Beach, FL- Myers & Co., Architectural Metals of Basalt, CO

All nine companies erect steel skeletons for commercial and industrial buildings, including warehouses and plants, according to Main Street VP and CFO Todd Reppert. Former shareholders of each of the FabTech founding companies will receive a majority of their merger consideration in the form of FabTech stock. “The merger allows member firms to take advantage of their larger capacity, share jobs and pursue customers,” Reppert told GlobeSt.com.

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