Konkordia Capital and AAVIN Private Equity Acquire Phoenix Loss Control
May 6, 2020
Konkordia Capital and AAVIN Private Equity have acquired Phoenix Loss Control, a Denver-based firm that helps utilities, cable and telecommunications companies recover costs for repairing outside-facility damage and replacing damaged infrastructure. As part of the transaction, Andrew Czernecki (Managing Partner at Konkordia) will become CEO; sellers include founders/operators William Rush and Cathy Barna. AAVIN is investing from its fund as an SBIC-backed private equity firm while Konkordia acts as a proprietary investment vehicle providing growth capital and liquidity solutions.
- Buyers
- Konkordia Capital, AAVIN Private Equity
- Targets
- Phoenix Loss Control
- Sellers
- William Rush, Cathy Barna
- Industry
- Industrial Services
- Location
- Colorado, United States
- Transaction Type
- Buyout
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