21 Jul Gate Precast Acquires Precision Stone to Expand Construction and Field Services
Strategic Acquisition Strengthens Market Position and Accelerates Growth Across the Southeast
Jacksonville, FL — July 21, 2025 — Gate Precast, a division of Wells – the leader in the prefabricated building systems industry, has announced the acquisition of Precision Stone, a respected regional provider of installation and construction services. This strategic acquisition expands Gate Precast’s installation and field service capabilities across the Southeastern United States and supports the company’s long-term growth strategy focused on enhancing client service and project delivery.
The acquisition allows Gate Precast to deliver a more comprehensive suite of solutions for its clients, combining Precision Stone’s decades of hands-on expertise and service excellence with Gate Precast’s established reputation for high-quality architectural building solutions.
The Gate team has partnered with Precision Stone for over 30 years, collaborating on landmark projects such as Truist Park (Braves), Mercedes-Benz Stadium (Falcons), State Farm Arena (Atlanta Hawks), the St. Regis Hotel in Atlanta, and the Four Seasons Hotel in Nashville. Mark Ledkins, Senior Vice President of Operations and a 40-year veteran of Gate Precast, has played a key role in cultivating and sustaining this long-standing relationship.
“Precision Stone brings exceptional talent, expertise, and a proven track record of performance to our team,” said Dean Gwin, President of Gate Precast. “Their commitment to quality and innovation aligns perfectly with our mission to exceed client expectations on every project.”
Founded in 1984 by Harold Smith, Precision Stone has earned a strong reputation across the Southeast for providing quality service in all phases of precast installation. The company offers the clients strategic planning, a variety of crane services, hauling of equipment and precast, and is backed by extensive experience and expertise in architectural and structural precast erection. Precision Stone consistently achieves successful outcomes across a wide range of commercial and institutional projects.
“Joining forces with Gate Precast allows us to scale our operations and make an even greater impact across the region,” said Shane Smith, CEO of Precision Stone. “Together, we’re positioned to bring even more high-quality, integrated construction solutions to the market, and we’re excited about what the future holds.”
Media Contact:
Jane Martin – jmartin@gateprecast.com
251.593.9677
About Gate Precast
Gate Precast, the southeast division of Wells, is one of the nation’s leading manufacturers of architectural and structural precast concrete systems, serving commercial and institutional construction markets with innovation, quality, and reliability.
About Wells
Wells is the nation’s largest full-service prefabricated building systems provider. With over 70 years of expertise, Wells works alongside design and construction partners, adding value by solving challenges, reducing risk and establishing trust from project onset to completion. With an eye to the future, Wells advanced research, manufacturing and building practices are continuously raising standards for innovation and efficiency in the built environment. The Wells team creates landmarks across the U.S., transforming communities and helping businesses and individuals thrive.