MAG Capital Partners, through its portfolio company Superior Concrete Products, announced the acquisition of Advanced Forming Technologies, LLC (AFTEC), a globally recognized designer and manufacturer of precast concrete wall forming systems and a leading U.S. supplier of noise, security, and perimeter walls for diverse commercial construction projects.
Founded in 2004, Salt Lake City Utah-based AFTEC is known for pioneering highly defined formed texture finishes on both sides of precast concrete walls and setting new standards in the industry with its innovations. The company’s adaptability to customer-specific needs and its efficient nationwide service model ensures timely product delivery.
“The acquisition of AFTEC expands Superior Concrete Products’ offerings and its geographic reach to meet increasing demand from datacenter, infrastructure and new construction developments,” said MAG Capital Partners Principal Dax T.S. Mitchell. “AFTEC’s patented systems and reputation perfectly complements Superior Concrete Products’ business.”
“The combined resources of Superior Concrete Products and AFTEC create a powerful force in the precast concrete industry,” added Ryan Alarcon, president of Superior Concrete Products. “The acquisition signifies our ongoing commitment to innovation and growth as we continue to deliver high-quality solutions to clients across various sectors, including power and energy.”
About MAG Capital Partners, LLC
Formed in 2015 by Dax T.S. Mitchell and Andrew Gi, Dallas-based MAG Capital Partners invests in industrial real estate across the U.S. In 2021, Mitchell, Gi and Steve Sigfusson formed MAGCP Equity to invest in operating businesses with a mission to provide operational and financial expertise to transition entrepreneur-led organizations into market leaders.
