Lexicon Looks at Possible Acquisitions


Lexicon Looks at Possible Acquisitions
A robot at Lexicon Steel (Karen E. Segrave)

Lexicon Holding Co. of Little Rock, which bought Steel Fabricators of Monroe in Louisiana, in late 2020 to boost Lexicon’s structural fabrication capacity, appears poised to make more acquisitions.

Patrick Schueck, president and CEO of Lexicon, said that the company is preparing for inflationary pressure by broadening its footprint and services to meet the needs of its partners, adding that the company may be making an acquisition announcement in July.

Schueck noted that the process of acquiring Steel Fabricators went “incredibly well.”

The company has created a task force to evaluate opportunities for growth and acquisition. The task force looks at services and values that companies can add to Lexicon, and Schueck says it is “diligent” in identifying and evaluating companies that would be a good fit for an acquisition.