New State Capital-backed Mako Steel completed the acquisition of a majority stake in Rabco from BGL.

New State Capital-backed Mako Steel completed the acquisition of a majority stake in Rabco, a building materials provider, from Brown Gibbons Lang & Company, an asset manager. Financial terms were not disclosed. "We look forward to a powerful partnership with New State and Mako. The financial and operational resources they offer will be instrumental as we add services and expand geographically to achieve our next-level potential," Emmett Buster Owens III, Rabco President.