Concrete Science, a portfolio company of Lake Street Capital Partners, announces the acquisition of St. Croix Concrete
MINNEAPOLIS, Jul. 21, 2025 — St. Croix Concrete, Inc. (“St. Croix Concrete” or “St. Croix”) is a premier of decorative and architectural concrete contractor serving the Minneapolis – St. Paul metro area since 2011. St. Croix remains managed by Dustin Dahlblom, who took over ownership and day-to-day operations in 2013. Mr. Dahlblom and St. Croix have become a trusted partner of homeowners over the years and offer a wide array of product applications from driveways, stained and stamped concrete, patios, pool decks, and interior concrete floors. The Company prides itself on providing customers with the highest levels of customer service and products.
“We are extremely excited to be joining the Concrete Science family,” said Dustin Dahlblom, Founder and Owner of St. Croix Concrete.” Concrete Science has truly created a differentiated platform combining a deeply experienced team of technical concrete and concrete coatings experts with a sophisticated administrative support staff that provides tremendous sales, marketing, and back-office support to owners and companies like myself and St. Croix.”
“We are excited to welcome Dustin and the rest of the St. Croix family to Concrete Science,” added Steven Hicks, CEO and
Founder of Concrete Science. “Dustin and his team have been a highly respected name in the Twin Cities for many years
with a reputation for very high quality of work whole providing best-in-class customer service. These core attributes made
St. Croix a perfect fit for us at Concrete Science.”
About Concrete Science Holdings
Concrete Science Holdings, LLC (“Concrete Science”) is a 120-employee concrete installation and coatings application
services provider headquartered in Minneapolis, Minnesota. Concrete Science’s roots date back to 1973 when the Hicks
family first established a commercial concrete business, Hicks Concrete. Today, Concrete Science operates four separate
divisions including its Commercial Concrete, Decorative Concrete, Residential Coatings, and Industrial Coatings divisions. Concrete Science prides itself on providing its customers with the highest quality products with best-in-class service. For more information, please visit www.concrete-science.com.
About Lake Street Capital Partners, LP
Lake Street Capital Partners, LP (“Lake Street Cap”) is a Chicago-based private equity firm focused on making control,
significant minority, and co-investments in North American based lower middle market companies across the consumer,
services, and distribution sectors. Lake Street Cap seeks to invest in growth-oriented founders and family-owned businesses in search of a strategic and value-added capital partner. Lake Street Cap typically makes equity investments of $5 million to $15 million per transaction. For more information, please visit www.lakestcap.com or contact [email protected].
About St Croix Concrete, Inc.
St. Croix Concrete, Inc. (“St. Croix”) is a Minnesota-based specialty concrete contractor serving the broader Minneapolis –St. Paul metro area. Founded in 2011, St. Croix has developed expertise across a variety of decorative and architectural
concrete applications such as stamped and colored concrete, acid-stained concrete, and interior stained concrete floors.
For more information, please visit www.stcroixconcretemn.com.
