CarbonBuilt ultra-low carbon concrete was recognized in the Circular Design, Materials and Sustainability Categories of the Fast Company Innovation by Design 2023 awards. The Los Angeles company’s core technology equips concrete producers to replace portland cement with a lower cost, low-carbon alternative, then capture and use carbon dioxide to produce blocks that have one quarter or less the embodied carbon…
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AK Masonry investor envisions organic growth and bolt-on deals
Maddix Capital, a Lehi, Utah growth-stage private equity firm, has acquired a controlling stake in AK Masonry, citing plans to expand the South Jordan, Utah contractor’s services, reach and workforce. The firm worked with Hillcrest Bank, a division of NBH Bank, to secure partial financing to complete the deal. “AK Masonry exists to fix what’s broken in a fragmented market…
Read MoreInvestor positions AK Masonry for organic growth, bolt-on deals
Sources: Maddix Capital, Lehi, Utah; CP staff A growth-stage private equity firm based outside Salt Lake City, Maddix Capital, has acquired a controlling stake in AK Masonry, citing plans to expand the South Jordan, Utah contractor’s services and reach. The firm worked with Hillcrest Bank, a division of NBH Bank, to secure partial financing to complete the deal. “AK Masonry…
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