March 28, 2017 7:27 AM ET

Construction and Engineering

Company Overview of Falcon Steel America, LLC

Company Overview

Falcon Steel America, LLC designs, develops, fabricates, and erects steel structures. Its steel structures include lattice towers, electrical substations, transmission poles, and highway structures. The company also provides structure design, engineering and drawing creation, R&D and testing coordination, supply chain management, project and site management, QA/QC consultation, field modification management, support and coordination, and field inspection services. Falcon Steel America, LLC was formerly known as Falcon Steel Company, Inc. and changed its name to Falcon Steel America, LLC in September 2016. The company was founded in 1963 and is based in Haltom City, Texas.

4201 Old Denton Road

Haltom City, TX 76117

United States

Founded in 1963

Phone:

817-581-9500

Fax:

817-581-6898

Key Executives for Falcon Steel America, LLC

Chairman of the Board, Chief Executive Officer and President
Age: 69
Corporate Controller
Chief Technology and Operations Officer
Executive Vice President of Kaufman Division
Senior Vice President of Engineering & Drafting
Compensation as of Fiscal Year 2016.

Falcon Steel America, LLC Key Developments

Falcon Steel Company Names Dirk Tillery as National Account Manager

Falcon Steel Company named Dirk Tillery as national account manager specializing in transmission pole sales. Tillery, who has 19 years of sales experience in steel structures, is responsible for leading the company's national sales effort as well as overseeing key account management and retention. Prior to joining Falcon Steel, Tillery served as vice president of sales for a leading manufacturer, and guided the company's entry into the utility structure business. He also has more than ten years of experience in various sales management roles with a leading utility structure manufacturer.

Modifications to Confirmed Reorganization Plan Approved for Falcon Steel Company

The US Bankruptcy Court approved the modifications to the confirmed plan of reorganization of Falcon Steel Company on April 14 2015. As per order, WesTech's $0.5 million allowed general unsecured claims shall be fully satisfied by payment of $0.19 million on effective date. General unsecured claims (except WesTech), for the amount of $4.81 million, shall receive quarterly payments with 5 year amortization at 5% interest and pro rata share of the proceeds from liquidation of miscellaneous assets.

Modifications to Confirmed Reorganization Plan Filed by Falcon Steel Company

Falcon Steel Company filed a motion to modify its confirmed plan of reorganization in the US Bankruptcy Court on April 7, 2015. As per the modification filed, the debtor propose to create a separate subclass for WesTech and to provide that WesTech's $0.5 million allowed general unsecured claims be fully satisfied by payment of $0.19 million on effective date. General unsecured claims (except WesTech), for the amount of $4.81 million, shall receive quarterly payments with 5 year amortization at 5% interest and pro rata share of the proceeds from liquidation of miscellaneous assets. The treatment for all other classes remains same.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 12, 2016
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