CHICAGO--(BUSINESS WIRE)--LaPhair Capital Partners, an innovation focused, early-stage investment firm today announced the acquisition of Kinexx Modular Construction (Kinexx), a pioneer in modular building solutions. This strategic acquisition marks a significant milestone in LaPhair Capital Partners' mission to advance innovation in urban areas and to expand on its commitment to increasing economic opportunity in underserved markets.
Kinexx is renowned for its cutting-edge building technologies, which streamline construction processes, reduce waste, and promote environmental sustainability. LaPhair Capital Partners aims to catalyze the adoption of modular construction, addressing pressing challenges in housing construction and affordability in the Chicago region and beyond. Joining LaPhair as investors are several professional athletes, including Alec Ogletree, Darren Waller, Jaylon Johnson, Trey Lyles, and Xavien Howard, who are passionate about adding awareness to the value of homeownership as an anchor to family stability and financial health in underserved communities.
"We recognize the notable shortage of U.S. homes, linked to issues like instability and economic disparity,” said Adrian Muhammad, Managing Partner at LaPhair Capital Partners. “This acquisition underscores our dedication to both layering innovative solutions against broad, societal challenges and targeting investments that drive positive change in the communities we serve. Together, we will accelerate the deployment of sustainable building solutions, address the nation’s housing crisis and simultaneously empower a wave of homeownership in urban markets nationwide."
Kinexx will operate as a subsidiary of LaPhair Capital Partners, leveraging synergies between the two organizations to enhance product development, expand market reach, and deliver economic value to development partners and investors.
"I’m very proud to be a part of this, both as an investor and as a Chicagoan,” said Jaylon Johnson, the Chicago Bears All-Pro safety. "I look forward to working with the city, county and development partners to help put people in high quality, affordable homes. This is how we truly build generational wealth.”
LaPhair Capital Partners announces the appointment of Scott Upshaw as the new CEO of Kinexx Modular Construction. With a proven track record in turnaround management and expertise in housing and community development, Upshaw brings valuable leadership to the company. Under his guidance, Kinexx aims to bolster financing and developer partnerships while expanding manufacturing capabilities across the Midwest and Southwest regions.
About LaPhair Capital Partners:
LaPhair Capital Partners is an influencer-backed, minority-led early-stage investment firm. We support passionate leaders, innovative solutions and seek to advantage shifts in cultural trends for return value for our partners, portfolio and service communities. For more information, please visit https://laphaircapital.com/.
About Kinexx Modular Construction:
Kinexx Modular Construction is a pioneer in modular building solutions, specializing in the design, manufacture, and installation of sustainable modular structures. With a commitment to innovation and environmental stewardship, Kinexx Modular Construction is revolutionizing the construction industry by providing efficient, cost-effective, and sustainable building solutions. For more information, please visit https://kinexxmodularconstruction.com
