The Cynosure Group Acquires Utah Development and Construction to Form Joint Venture Platform With Clyde Capital Group

February 27, 2026

The Cynosure Group acquired Park City-based Utah Development and Construction (UDC) to create a new development platform jointly owned by Clyde Capital Group and Cynosure Elevations, Cynosure’s real estate investment division. The joint venture will focus on developing hospitality and mixed-use projects in premier resort markets across the Intermountain West.

Buyers
The Cynosure Group, Clyde Capital Group (a subsidiary of Clyde Companies)
Targets
Utah Development and Construction (UDC)
Platforms
Utah Development and Construction (UDC)
Industry
Real Estate
Location
Utah, United States
Transaction Type
Buyout

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