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News/October 13, 2014

Stanek Holdco Sells Gracon Corporation

DENVER, CO (October 13, 2014) – Gracon LLC, a newly formed company owned by Lynn/ Cornerstone Holdings LLC, has acquired Gracon Corporation from Stanek Holdco as of September 30, 2014. FMI Capital Advisors acted as the exclusive financial advisor to Stanek Holdco for this transaction.

Scott Lynn is chairman of Gracon LLC. He previously led two large civil construction companies holding equity interests in each:

  • Guy F. Atkinson Construction – 2003-2013
  • Flatiron Construction – 1982-2003

The existing management team will transition to the new entity. Doug Donahue, former president and an owner of Gracon Corporation from 1990-2008, will rejoin the firm.

For more information or to schedule an interview, contact Jenna Luvin at 303.398.7202 or jluvin@fminet.com.


About Gracon Corporation:

Founded in 1981, Gracon Corporation is headquartered in Loveland, CO. The company performs heavy civil and heavy/mechanical construction for federal, state and local governments, utilities and private owners throughout the United States. Gracon is currently performing hydroelectric turbine installation/rehabilitation and dam repair/rehabilitation projects in Colorado, New York, Kentucky, Washington, South Dakota and Texas. For more information, visit www.graconcorp.com


About Cornerstone Holdings:

Cornerstone Holdings is a single family office which focuses on direct investments and real estate development. Cornerstone’s team has substantial private company investment experience which spans from startup ventures and traditional leveraged buyouts to distressed turnarounds. For more information, visit www.cstoneholdings.com


About FMI Capital Advisors:

FMI Capital Advisors, Inc., FMI’s investment banking subsidiary, provides mergers and acquisitions services and financial advisory services to companies serving the engineering and construction industry. This unique industry specialization has led to more completed transactions in the industry than any other investment banking firm. For more information, visit www.fminet.com.

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