Generational Group, a leading mergers and acquisitions advisor
for privately held businesses, is pleased to announce the sale of
its client, Laux Construction, LLC to Rival Holdings, LLC. The
transaction closed on June 7, 2024.
Located in Mason, Michigan, Laux Construction (Laux) is a
leading general contractor that specializes in commercial
construction. In operation for over 25 years, the Company has
developed a broad set of capabilities and has completed work on a
variety of projects.
The Company serves the greater Lansing, Michigan area in all of
its construction needs. Laux offers a number of services for each
client to ensure that expectations are met and that strong
relationships are built. General contracting is the main service
Laux offers. Whether it be new construction, renovations, or
specialized construction, the Company is able to organize a team to
complete each project on time and within budget. The Company’s
general contracting capabilities include estimating, project
management, critical path scheduling, on-site supervision, quality
control, and safety management.
The Company also offers construction management services, which
consist of planning, coordinating, and monitoring a project from
start to finish. Laux’s construction management capabilities
include pre-construction planning, budget management, bid
management, schedule management, contract management, detailed
invoices, and more.
Additionally, the Company offers design and build services.
Whether a client is developing a site, building a new building, or
renovating an existing space, Laux’s team can effectively develop,
design, and build a plan to meet the specified goals. This service
allows the client to maintain one point of contact with Laux,
offers minimal risk to the owner, and is more cost efficient.
Rival Holdings (Rival), located in Fort Wayne, Indiana, invests
in organizations in the built ecosystem with the collective goal of
catalyzing innovations that will actively transform the industry.
The Company “rivals” the status quo by empowering visionary
companies to pursue disruptive technologies and techniques that
will reshape how the built world operates. Rival’s highly skilled
team believes the return on these strategic investments will
transform lives, communities, and the world for the better.
“We have been searching for a strong partner in the commercial
construction industry, and we are thrilled to welcome Laux
Construction to the Rival team,” said Rival Holdings CEO Brad
Crawford. “The industry is on a growth trajectory, and Laux has
demonstrated strong momentum while maintaining a positive
reputation for quality and service. They will be an important part
of our strategy to impact the built environment.”
Founder and CEO of Laux Construction David Laux said, “At Laux
Construction, we strive to build business relationships as strong
as family, and we know we are only as good as our last project. Our
clients trust that we will always deliver a quality product with
superior customer support, and that’s why they continue to come
back to us. I believe the Laux Construction vision and values align
with Rival, and I look forward to working with Rival leadership as
we move forward together.”
Generational Group Managing Director Mergers & Acquisitions,
Don Ho was the lead dealmaker that successfully closed the
transaction. Mr. Ho was supported by Vice President, M&A, Lance
Thomasson on this deal.
“I am so honored to be able to help David and Ronni Laux achieve
their goals of finding the right steward for their business. Though
they do not plan to retire anytime soon, they are wise to be
strategic by proactively finding an acquirer that shares the same
values and culture as Laux Construction. We are so blessed and
fortunate to have Rival in our M&A process, and to ultimately
be able to close with them. Rival really stood out in our process
and was absolutely amazing to work with towards closing,” said Mr.
Ho.
Don Ho added, “this acquisition will create operational
synergies and bring additional resources to better serve Laux
Construction’s customers, while also creating new opportunities and
further stability to its existing staff. I’m excited for the bright
future in stored for Laux Construction and Rival Holdings.”
Mr. Ho is a senior dealmaker in Executive Managing Director of
M&A - Central Region Michael Goss’ transaction group, which
serves clients primarily in the Central U.S. region. Senior
Managing Director James Carr established the initial relationship
with Laux.
About Generational Group
Generational Group, headquartered in Dallas, is a leading, award
winning, full-service business advisory firm. With more than 350
professionals located throughout 17 offices in North America, the
company helps business owners release the wealth of their business
by providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management.
For more information visit https://generational.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240625653594/en/
Jenna Gaston 469-694-8764 jgaston@generational.com