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…
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Investor 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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