Your Company
Design Precast & Pipe, Inc. is a premier family-owned precast concrete and pipe manufacturer founded in 2004 by Pat Fore III in Gulfport, Mississippi. What began as a local precaster focused on drainage structures and sewer manholes has evolved into a regional powerhouse spanning the entire Gulf Coast corridor. The company's trajectory from a single Mississippi facility to a two-plant operation — adding an Arnaudville, Louisiana location — demonstrates the kind of disciplined, organic growth that acquirers prize. With an estimated $15 million in annual revenue and a workforce between 31 and 52 employees depending on project load, Design Precast operates at the sweet spot where owner-operator excellence meets scalable infrastructure.
The company's product portfolio is exceptionally broad f
Your Top Strengths
1Patented Lifting Eye technology (PF3 Global/DPPI patent) — proprietary IP in a commodity industry creates defensible competitive moat and margin premium that no competitor can replicate without licensing
2Two-plant regional footprint spanning Houston TX to Tallahassee FL — dual manufacturing facilities in Gulfport MS and Arnaudville LA provide geographic coverage across the fastest-growing infrastructure corridor in the US, with built-in redundancy and logistics advantages
3Exceptional product breadth with custom design-build capability — full-spectrum precast and pipe manufacturing (RCP, RCAP, RCB, manholes, lift stations, marine structures, custom work) makes them a one-stop shop for contractors and dramatically increases customer switching costs
Estimated Value Range
Primary method: EBITDA multiple applied to estimated earnings. Estimated revenue of $15M (per RocketReach/KonaEquity) with assumed EBITDA margin of 18% (industry standard for precast manufacturers with custom capability and proprietary products) yields estimated EBITDA of approximately $2.7M. Applied certified market multiples: Low = $2.7M × 2.5x = $6.75M; Mid = $2.7M × 4.0x = $10.8M; High = $2.7M × 6.0x = $16.2M. Cross-checked via revenue multiples: Low = $15M × 0.3x = $4.5M; Mid = $15M × 0.6x = $9.0M; High = $15M × 1.0x = $15.0M. The EBITDA-based range is used as primary because it better captures the profitability impact of proprietary technology and custom fabrication margins. NOTE: Actual EBITDA margins could be higher (20-25%) given patented Lifting Eye technology and custom design-build work, which would push the range upward. The CMC/CP&P comparable at 9.5x EBITDA suggests premium multiples are achievable for scaled platforms, though that transaction involved 17 facilities and 700 employees — a significantly larger operation. All estimates should be validated through financial due diligence; these ranges are based on publicly available revenue data and industry-standard margin assumptions.
Your Market
The precast concrete and pipe manufacturing sector is experiencing a historic wave of consolidation driven by three converging forces: massive federal infrastructure spending (IIJA/Bipartisan Infrastructure Law), aging municipal water and sewer systems requiring replacement, and strategic acquirers seeking to build regional platforms. The landmark transaction in this space was CMC's acquisition of Concrete Pipe & Precast LLC for $675 million in December 2025 — a deal valued at approximately 9.5x EBITDA that sent a clear signal about the premium valuations available for scaled precast/pipe plat
Our Approach
This is a buy-side approach — we represent acquirers actively seeking precast and pipe manufacturing platforms in the Gulf Coast region. The positioning is: 'We work with buyers who are specifically interested in companies like yours — established, well-run precast manufacturers with strong regional positions.' This is NOT a solicitation to sell; it is an introduction to explore whether there might be mutual interest. The approach must respect that Pat Fore III built this company from scratch over 20+ years and likely has deep emotional attachment to the business, the employees, and the commun
Acquisition Scoring Criteria
Based on our EBITDA lever research across the precast concrete vertical, here is how this acquisition target scores on the factors that drive valuation multiples.
What Makes This Target Attractive
Product Line Diversification
+0.50x-1.00x
Design Precast manufactures RCP, RCAP, RCB, manholes, lift stations, marine structures, and custom precast across two plants — this breadth reduces dependency on any single product category.
Best-in-class: No single product line >30% of revenue; custom/engineered products 20%+ of mix
Where you likely stand: Strong — 7+ product categories plus custom work and patented Lifting Eye technology.
Batch Plant Capacity / Dual Location
+0.50x-1.50x
Two plants in Gulfport MS and Arnaudville LA give Design Precast dual-site redundancy and strategic positioning across the Gulf Coast corridor, reducing single-facility risk and freight costs.
Best-in-class: Both plants at 60-80% utilization with room to grow; within 150 miles of major infrastructure spend
Where you likely stand: Strong — two-plant footprint is unusual for a $15M precast company; Arnaudville covers western Gulf, Gulfport covers eastern.
Patented Technology / IP
+0.25x-0.75x
The PF3 Global/DPPI patented Lifting Eye technology is a defensible moat — it differentiates from commodity competitors and creates specification pull-through with engineers.
Best-in-class: Patent active with 5+ years remaining; specified by engineers on 10%+ of jobs
Where you likely stand: Likely moderate — patent exists but need to verify remaining life and whether it drives actual spec-in revenue.
Geographic Position / Infrastructure Tailwinds
+0.50x-1.00x
Gulf Coast corridor from Houston to Tallahassee is one of the highest-growth infrastructure markets — hurricane hardening, IIJA spending, LNG buildouts, and population migration all drive demand.
Best-in-class: Backlog includes IIJA-funded projects; revenue CAGR tracks or exceeds regional construction spend
Where you likely stand: Strong — macro tailwinds are real and sustained through 2030.
Skilled Labor Force
+0.25x-0.75x
~50 employees with 20+ years of operating history suggests a stable, trained workforce that can produce engineered precast — the hardest asset to replicate.
Best-in-class: Average tenure 5+ years; key production staff not flight risks; cross-trained across product lines
Where you likely stand: Needs diligence — 50 employees across 2 plants is lean, could mean high efficiency or thin bench depth.
Diligence Flags & Risk Factors
Owner Dependency
-0.50x-1.50x
Founded by Pat Fore III in 2004 who likely holds all key relationships — DOT contacts, major customers, patent knowledge. A 22-year founder-operator at a 50-person company almost certainly IS the business.
Best-in-class: Founder has a named successor; 2+ managers can run day-to-day
Where you likely stand: High risk. Classic founder-led business at this size; patent is literally named after him (PF3).
Heavy Government / DOT Dependency
-0.25x-0.75x
RCP, manholes, and infrastructure precast are overwhelmingly sold to government/municipal buyers — creating lumpy revenue, long payment cycles, and prevailing wage requirements.
Best-in-class: Government work <50% of revenue; commercial channels contribute meaningfully; AR days under 60
Where you likely stand: Likely significant — product mix strongly implies 60%+ government/DOT revenue.
Material Cost Volatility
-0.25x-0.50x
Cement, aggregate, rebar, and steel are primary inputs — all subject to commodity swings. Margins get squeezed on fixed-price contracts during input cost spikes.
Best-in-class: Contracts include escalation clauses; materials under 40% of COGS; supplier agreements lock pricing 6+ months
Where you likely stand: Moderate — standard exposure but Gulf Coast logistics add freight volatility.
Equipment Age / Capital Requirements
-0.50x-1.00x
Two precast plants require significant ongoing capex — batch plants, cranes, molds, forms, delivery trucks. At $15M revenue, deferred maintenance could represent a hidden capital call.
Best-in-class: Average equipment age <10 years; capex under 5% of revenue; no major replacements needed in 3 years
Where you likely stand: Needs diligence — 22-year-old company could have significant deferred capex.
Single Large Project Concentration
-0.25x-0.75x
Infrastructure precast companies this size often derive 20-40% of revenue from 1-2 large DOT projects — revenue cliff risk post-completion is real.
Best-in-class: No single project >15% of annual revenue; backlog diversified across 10+ active jobs
Where you likely stand: Moderate risk — $15M across Gulf Coast likely means some project concentration.
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