The Cynosure Group and Clyde Capital Group Acquire Utah Development and Construction to Create Development JV

February 27, 2026

The Cynosure Group acquired Park City-based Utah Development and Construction and reorganized it into a newly established development platform jointly owned with Clyde Capital Group, a subsidiary of Clyde Companies. The joint venture, operated by Cynosure Elevations and Clyde Capital Group, will focus on hospitality and mixed-use resort projects across the Intermountain West to scale development efforts in high-growth resort markets.

Buyers
The Cynosure Group, Clyde Capital Group
Targets
Utah Development and Construction
Platforms
Cynosure Elevations
Industry
Real Estate
Location
Utah, United States
Transaction Type
Buyout

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