Little Rock-based Lexicon Fabricators and Constructors is acquiring Steel Fabricators of Monroe, La., and adding its 130 employees to its workforce.
Lexicon is a provider of construction management, fabrication, erection, mechanical installation and plant management services. It has done work for Nucor Steel, AT&T Stadium and other high-profile national projects. With the addition of Steel Fabricators, the company now includes Lexicon Industrial Constructors, Prospect Steel and Custom Metals, Heritage Links and Lexicon Energy Services.
Terms of the private transaction were not disclosed.
“For more than 50 years, we’ve ‘Defined Excellence’ by investing in our most valuable assets — our people,” said Patrick Schueck, Lexicon’s president and CEO. “We look forward to welcoming Steel Fabricators of Monroe to the Lexicon family, where we will lead the industry with the highest-quality services and the latest technologies.”
Established in 1973 by Don Beach and John Hunter, Steel Fabricators of Monroe operates on a 20-acre site. An AISC-Certified fabricator, its campus includes more than 160,000 square feet of fabrication space and warehouse, training and maintenance facilities. It utilizes cutting-edge technology in its processes, including fully automated CNC equipment, electronic tablets, bar coding technology and the latest fabrication software.
“When considering this transition, we aimed to find a firm that could offer our employees opportunities for continued growth,” said John Hunter, co-founder and president of Steel Fabricators of Monroe. “With its similar corporate culture and unwavering commitment to investing in ‘People, Quality and Safety,’ we are confident Lexicon is the best fit for our company and team.”
“Prospect Steel has been proud to help design and fabricate some of our country’s most iconic buildings and structures,” said Steve Grandfield, president of Lexicon’s fabrication divisions. “Bringing the Steel Fabricators of Monroe team on board will allow us to further boost our structural fabrication capacity, so we can continue building America.”