CHATTANOOGA, Tenn. (December 17, 2018) — FourBridges Capital today announced the sale of a controlling interest in a Southeastern U.S.-based construction services firm to a private equity group.

The family-owned business was owned and operated by the son of the founder, who started the business in 1952. With approximately $20 million in revenues and over 70 employees, the Company provides specialty construction services to large utilities, universities and a range of commercial customers.

FourBridges conducted a broad sales process for the Company that included contacting a wide range of private equity groups, family offices and strategic buyers. As part of the transaction, the owner is retaining equity in the Company and will continue in the role of President and CEO.

This transaction adds to FourBridges’ experience in advising companies focused on the manufacture and distribution of construction and building products, including:

• the sale of Geosurfaces, Inc. (design, development, construction and installation of high performing sports surfaces)
• the sale of Total Building Supplies (distributor of building products and construction supplies)
• the sale of Challenger Industries (manufacturer of synthetic turf products for athletic, residential and commercial applications)
• the sale of Greenscapes, Inc. (manufacturer and distributor of landscaping erosion control products).

“We’re continuing to see many acquirers who are very interested in purchasing privately held businesses in this sector,” said FourBridges Managing Director Ralph Montgomery. “The strong economy — and the seller’s market — is persisting, so owners of construction and building products companies can receive attractive valuations in the current market.”

FourBridges Capital is an investment banking firm that helps business owners sell their companies, refinance debt or access growth capital.

For more information about the transaction — or how FourBridges helps business owners sell, refinance or access growth capital — contact Ralph Montgomery at FourBridges Capital: 423-702-7499.