News Column

Riverlake Partners Places Majority Equity Investment in Guerdon Enterprises

September 6, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Riverlake Partners, LLC (www.riverlakepartners.com), a Portland-based private equity firm focused on the lower middle market, has made a majority equity investment in Guerdon Enterprises, LLC (www.guerdon.com). Headquartered in Boise, Idaho, Guerdon is a leading producer of large multi-unit modular buildings.

As speed, quality and control increasingly become critical decision making factors for the construction industry, the modular construction segment is projected to increase during the next few years and continue gaining acceptance in an estimated $3 billion addressable market. With more than 300 employees and annual revenues over $80 million, Guerdon is unique in its ability to support all facets of modular construction throughout the Western U.S. and Canada markets.

Guerdon's portfolio of successfully completed large apartment, condominium, hotel, office and workforce housing buildings in varying geographies, climates and working conditions provides a solid foundation to grow its repeat and new customer base. Investment for future growth "We've enjoyed strong growth during the past several years and we look forward to working with a new equity partner offering expanded opportunities to support our future growth plans and strategies," said Laurence "Lad" Dawson, managing member, founder and CEO of Guerdon. "Our customers can expect to receive the same level of commitment to unparalleled quality, on-time delivery and superior technical performance as they always have."

Riverlake was joined in its investment by Main Street Capital Corporation of Houston and Guerdon was advised in the transaction by Chicago-based investment bank Building Industry Advisors, LLC.

Dawson will continue as CEO and remain a substantial shareholder as he and other key managers continue to lead the company through its next phase of growth and development. Leaders from both Riverlake and Main Street Capital will also hold seats on the company's board of directors.

Since its inception in 2001, Guerdon's commitment to improve the use of systems-built technology in multi-unit commercial and residential buildings has elevated the brand to a leader in the industry. As the preferred modular supplier among developers, general contractors, architects and builders in its geographic market, Guerdon buildings have set the standard for modular construction for apartments, hotels, student housing, senior housing and workforce housing complexes.

Keywords for this news article include: Finance and Investment, Investment and Finance, Riverlake Partners LLC.

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Source: Investment Weekly News


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