New State Capital Partners has sold its portfolio company MakoRabco, a national provider of self-storage construction services, to Trachte Building Systems.
New State acquired California-headquartered Mako Steel in August 2019 and added to the business with the acquisition of Florida-headquartered Rabco Enterprises in March 2021.
Today, MakoRabco is a provider of site planning, installation, and customization options for many different types of steel buildings, including self-storage, agricultural storage, airplane hangars, sports facilities, and commercial and industrial structures.
The company’s products and services include single- and multi-story buildings; custom buildings; auto, boat, and recreational vehicle storage facilities; and mobile and portable containers. Customers of MakoRabco include both large real estate investment firms and independent developers. MakoRabco, led by CEO Jim Reinhart, was founded in 1993 and is headquartered in Carlsbad, California.
“This partnership combines MakoRabco’s renowned customer service and high-end design expertise with Trachte’s deep roots in self-storage design, construction, and manufacturing excellence, creating a strong value proposition for contractors and developers nationwide,” said Mr. Reinhart. “Together, we are a stronger, more competitive organization that will offer our clients even greater value.”
Trachte Building Systems is a designer and manufacturer of steel buildings. Its products include single-story, multi-story, portable, and boat/RV storage systems, along with interior hallway systems and components. Customers of the company include developers, contractors, and architects across the United States.
Trachte, headquartered near Madison in Sun Prairie, Wisconsin, was founded in 1901 and is one of the longest-standing manufacturers in the steel self-storage segment.
“MakoRabco has built an outstanding reputation for delivering complex design solutions with a construction management-driven approach,” said Brad Relford, the president and CEO of Trachte Building Systems. “We have long admired their ability to execute intricate projects while maintaining a high level of service to their clients. Trachte’s manufacturing capabilities and resources will enhance and strengthen our combined ability to serve the self-storage industry.”
“I’m excited to work hand-in-hand with Trachte’s executive team to bring enhanced solutions to our valued clients. This acquisition partnership allows us to take what we do best and push it even further, ensuring we continue to deliver the highest level of service and innovation in the industry,” said Angie Guerin, the executive vice president at MakoRabco.
New State Capital Partners invests up to $100 million in senior debt, junior debt, and equity in companies with EBITDA between $8 million and $40 million. The firm focuses on businesses in the business, financial, professional, and industrial services sectors.
Last month, New State closed its fourth fund, New State Capital Partners Fund IV LP, above target with $700 million in capital. The new fund was oversubscribed and raised in less than six months. David Blechman founded New State in 2013, and the firm is headquartered in New Rochelle, New York, with an additional office in Newport Beach, California.
Brown Gibbons Lang & Company was the financial advisor to MakoRabco on this transaction.
© 2025 Private Equity Professional | April 2, 2025
