DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Laux Construction, LLC to Rival Holdings, LLC. The transaction closed on June 7, 2024.
Located in Mason, Michigan, Laux Construction (Laux) is a leading general contractor that specializes in commercial construction. In operation for over 25 years, the Company has developed a broad set of capabilities and has completed work on a variety of projects.
The Company serves the greater Lansing, Michigan area in all of its construction needs. Laux offers a number of services for each client to ensure that expectations are met and that strong relationships are built. General contracting is the main service Laux offers. Whether it be new construction, renovations, or specialized construction, the Company is able to organize a team to complete each project on time and within budget. The Company’s general contracting capabilities include estimating, project management, critical path scheduling, on-site supervision, quality control, and safety management.
The Company also offers construction management services, which consist of planning, coordinating, and monitoring a project from start to finish. Laux’s construction management capabilities include pre-construction planning, budget management, bid management, schedule management, contract management, detailed invoices, and more.
Additionally, the Company offers design and build services. Whether a client is developing a site, building a new building, or renovating an existing space, Laux’s team can effectively develop, design, and build a plan to meet the specified goals. This service allows the client to maintain one point of contact with Laux, offers minimal risk to the owner, and is more cost efficient.
Rival Holdings (Rival), located in Fort Wayne, Indiana, invests in organizations in the built ecosystem with the collective goal of catalyzing innovations that will actively transform the industry. The Company “rivals” the status quo by empowering visionary companies to pursue disruptive technologies and techniques that will reshape how the built world operates. Rival’s highly skilled team believes the return on these strategic investments will transform lives, communities, and the world for the better.
“We have been searching for a strong partner in the commercial construction industry, and we are thrilled to welcome Laux Construction to the Rival team,” said Rival Holdings CEO Brad Crawford. “The industry is on a growth trajectory, and Laux has demonstrated strong momentum while maintaining a positive reputation for quality and service. They will be an important part of our strategy to impact the built environment.”
Founder and CEO of Laux Construction David Laux said, “At Laux Construction, we strive to build business relationships as strong as family, and we know we are only as good as our last project. Our clients trust that we will always deliver a quality product with superior customer support, and that’s why they continue to come back to us. I believe the Laux Construction vision and values align with Rival, and I look forward to working with Rival leadership as we move forward together.”
Generational Group Managing Director Mergers & Acquisitions, Don Ho was the lead dealmaker that successfully closed the transaction. Mr. Ho was supported by Vice President, M&A, Lance Thomasson on this deal.
“I am so honored to be able to help David and Ronni Laux achieve their goals of finding the right steward for their business. Though they do not plan to retire anytime soon, they are wise to be strategic by proactively finding an acquirer that shares the same values and culture as Laux Construction. We are so blessed and fortunate to have Rival in our M&A process, and to ultimately be able to close with them. Rival really stood out in our process and was absolutely amazing to work with towards closing,” said Mr. Ho.
Don Ho added, “this acquisition will create operational synergies and bring additional resources to better serve Laux Construction’s customers, while also creating new opportunities and further stability to its existing staff. I’m excited for the bright future in stored for Laux Construction and Rival Holdings.”
Mr. Ho is a senior dealmaker in Executive Managing Director of M&A - Central Region Michael Goss’ transaction group, which serves clients primarily in the Central U.S. region. Senior Managing Director James Carr established the initial relationship with Laux.
About Generational Group
Generational Group, headquartered in Dallas, is a leading, award winning, full-service business advisory firm. With more than 350 professionals located throughout 17 offices in North America, the company helps business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.
For more information visit https://generational.com/.
