February 2013. Johnson Plate & Tower Fabrication, Inc. (“JPTF”), a steel fabricator with a significant focus on the wind power industry, has completed a growth capital financing to support a forecasted increase in wind tower production following the recent extension of the Production Tax Credit and other strategic initiatives. The Peakstone Group served as JPTF’s exclusive financial advisor in connection with this transaction.
Based in Canutillo, Texas, JPTF is an established manufacturer of fabricated steel products, including towers for the wind energy industry. JPTF began manufacturing tubular steel towers for commercial wind farms in 1987 and has since grown to become one of the major suppliers of fabricated towers for a variety of wind turbine companies contracted to construct wind farms in North America, South America and Europe. The company remains well-positioned as the wind power generation industry enters a new era of growth.
Terms of the transaction were not disclosed.
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