Houlihan Lokey Advises Landmark Structures

Houlihan Lokey is pleased to announce that Landmark Structures (Landmark), a portfolio company of Graycliff Partners (Graycliff), has been acquired by Cerberus Capital Management (Cerberus). The transaction closed on December 18, 2024.

Founded in 1974, Landmark is an industry-leading, innovative, turnkey provider of water and industrial storage infrastructure solutions with a focus on elevated water storage tanks. The company invented the composite elevated tank (CET) in 1978 and remains at the forefront of the industry, offering engineering, design, steel fabrication, foundation work, and installation throughout the U.S. and Canada. Along with its water storage solution systems, Landmark also offers maintenance services, including inspection, refurbishment, coatings, and asset management. The company is headquartered in Fort Worth, Texas.

Graycliff is an investment firm focused on making lower-middle-market investments, typically in manufacturing, business services, and value-added distribution businesses. Through dedicated equity and credit funds, Graycliff provides capital for acquisitions, management buyouts, recapitalizations, growth, and expansion.

Cerberus is a global leader in alternative investing with approximately $65 billion in assets across complementary credit, real estate, and private equity strategies. It invests across the capital structure, where it believes its integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Cerberus’ tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for their investors.

Houlihan Lokey served as the exclusive financial advisor to Landmark and Graycliff and assisted in initiating, structuring, and negotiating the transaction on their behalf. This transaction highlights Houlihan Lokey’s long legacy in the water technologies and solutions and infrastructure services sectors and its culture of collaborating across industry groups to deliver optimal outcomes for clients.

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