Tracked deals
11
11 tracked deals across 2021-2026.
Tracked deals
11
11 tracked deals across 2021-2026.
Buyer mix
Mixed buyer set
12 strategic · 6 family office
Top trend
Volume peaked in 2021
5 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Lithko Contracting, LLC | 4 | National full-service commercial concrete contractor spec... | Strategic (PE-backed) |
| DNS Capital | 3 | Investment office for members of the Pritzker family focu... | Family Office |
| The Pritzker Organization | 3 | Merchant bank / family office that partners with manageme... | Family Office |
| Baker Concrete Inc. | 1 | Nation-leading concrete contractor specializing in pre-co... | Strategic |
| Clyde Companies, Inc. | 1 | Parent company that provides construction products and se... | Strategic |
| Comfort Systems USA, Inc. | 1 | National provider of commercial, industrial, and institut... | Strategic |
| Flynn Companies, L.P. | 1 | North American building envelope trade contractor offerin... | Strategic |
| Investcorp | 1 | Global private equity firm investing across sectors and g... | PE |
| Landmark Aquatic | 1 | Nationwide provider of commercial aquatic facility design... | Strategic |
| Maddix Capital | 1 | Growth-stage, operator-driven private equity firm focused... | PE |
Last 6 years
Supporting Data
Landmark Aquatic has acquired CEM Aquatics, a Salt Lake City–based commercial aquatics design, build, renovation, and maintenance firm with more than four decades of experience. Founder Craig Nielsen and the CEM leadership team will remain in place as integration begins, with Landmark saying the deal expands its capabilities and service footprint in the aquatics sector.
Sunpro Corporation, a subsidiary of Clyde Companies, Inc., has acquired Building Services Group and its six member insulation companies to expand Sunpro’s insulation operations across Utah and into Colorado. The acquired firms will operate under the Sunpro name, broadening Sunpro’s residential and commercial insulation capabilities and geographic footprint.
Comfort Systems USA, Inc. acquired J & S Mechanical Contractors, Inc., a West Jordan, Utah-based mechanical construction services firm founded in 1976. Crewe Capital served as exclusive advisor to J & S; the business is expected to contribute approximately $145M–$160M of annualized revenue and $12M–$15M of EBITDA and to be neutral to slightly accretive to Comfort Systems' EPS in 2024–2025. The acquisition expands Comfort Systems' presence in the Intermountain West and brings J & S's technical construction capabilities into Comfort Systems' national platform.
Maddix Capital, a Utah-based growth-stage private equity firm, has acquired a 51% stake in AK Masonry, a West Jordan, Utah masonry and concrete contractor. The minority-to-control investment (partially financed by Hillcrest Bank) will fund AK Masonry's geographic expansion beyond Utah and enable a roll-up strategy while founder Alex Short remains CEO.
Tendit Group, a portfolio company of Osceola Capital, has acquired Utah-based Precision Asphalt Maintenance (PAM). The add-on expands Tendit Group's self-perform paving and materials-hauling capabilities and strengthens its footprint in the Salt Lake City / Western U.S. market.
Lithko Contracting, together with equity partners The Pritzker Organization and DNS Capital, acquired the assets of Frontline Concrete, Inc., a Salt Lake City-based concrete contractor. The transaction expands Lithko's presence in the Wasatch Valley and adds Frontline's tilt-up, foundations, slab, and sitework capabilities to Lithko's regional operations.
RoadSafe Traffic Systems (RoadSafe) has acquired Barricade Services & Sales, Inc. (BSSI), a Salt Lake City-based supplier of traffic control products and services. The deal expands RoadSafe's footprint into the Mountain West/Utah market and broadens its traffic control and pavement marking capabilities; RoadSafe is PE-backed following partnerships with Investcorp and Trilantic North America.
On June 30, 2021, Baker Concrete Inc. and Lithko Contracting, LLC made strategic investments in Pikus 3D, LLC, a Salt Lake City–area provider of commercial 3D concrete printing. The capital and partnerships are intended to accelerate adoption of Pikus’s 3D concrete printing capabilities and expand its role in commercial construction and architectural applications.
Lithko Contracting, together with equity partners The Pritzker Organization and DNS Capital, purchased an equity stake in Pikus 3D, LLC on March 1, 2021. The investment will help scale Pikus 3D's modular 3D-printed concrete products and expand automation and capacity in the construction market, leveraging Pikus 3D's partnership with Sika.
Lithko Contracting, alongside equity partners The Pritzker Organization and DNS Capital, acquired the assets of Pikus Concrete & Construction on December 31, 2020. The deal gives Lithko a presence in the Salt Lake / Wasatch Valley market and adds Pikus’s cast-in-place commercial and industrial concrete capabilities and ~200 coworkers to its platform.
Flynn Companies, L.P. acquired Noorda Building Envelope Contractor (Noorda BEC), a provider of commercial building envelope services with offices in Salt Lake City, St. George and Boise. The transaction — advised by JD Merit & Co. for Noorda — brings over 400 Noorda employees into Flynn and expands Flynn’s building envelope capabilities and geographic footprint in the Western United States.
Find buyers actively acquiring construction companies.