Fort Worth, Texas-based Falcon Steel America, LLC today announced that Chase Bank, ReignRock Capital Partners, LLC, and Inverdale Capital Management, LLC have come together to fully recapitalize Falcon Steel. The transaction provides significant new equity and debt financing to support substantial levels of future growth, and marks the transition of Falcon Steel Company into its new entity, Falcon Steel America LLC.
Falcon Steel America is a designer, fabricator and engineering provider of products and services, primarily for power transmission and distribution (T&D) companies, as well as for steel structures for the transportation industry.
"This is a milestone for Falcon because it gives our company the financial strength to purchase new equipment, hire new and highly skilled employees, make strategic acquisitions and expand into areas that offer outstanding growth opportunities for the entire Falcon team," said Jim Taylor, Chief Executive Officer of Falcon Steel America.