Maddix Capital Acquires 51% Stake in AK Masonry
August 16, 2023
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.
- Buyers
- Maddix Capital
- Targets
- AK Masonry
- Industry
- Construction
- Location
- Utah, United States
- Transaction Type
- Growth capital
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