AK Masonry Unlocks Massive Growth Opportunity with Investment from Maddix Capital

AK Masonry, a leading masonry and concrete contractor, has recently announced its acquisition by Maddix Capital, a growth-stage private equity firm based in Utah. The multi-million-dollar investment, with partial financing secured through Hillcrest Bank, marks the first funding AK Masonry has received and solidifies Maddix Capital's 51% stake in the company. This investment will enable AK Masonry to expand its services and geographical reach beyond Utah.

AK Masonry, founded in 2004, has seen significant organic growth over the years, generating over $30 million in revenue. With this acquisition, AK Masonry aims to acquire and consolidate other businesses in the industry that have growth potential. By combining resources, teams, and expertise, AK Masonry establishes itself as a leader in the construction landscape.

The CEO and founder of AK Masonry, Alex Short, expressed excitement about the investment, stating that it will allow them to increase their impact and output dramatically. Short believes that the deep industry relationships and expertise of AK Masonry, combined with Maddix Capital's strategic planning and scaling abilities, will make them a force to be reckoned with in the industry. They plan to help other businesses overcome growth plateaus and achieve major milestones, leveraging their proven model.

The synergy between AK Masonry, Maddix Capital, and Hillcrest Bank was a natural fit. Maddix Capital's founder, Jesse Silva, has a track record of scaling his service-based business and executing successful acquisitions in the same space. The shared experience and vision of both teams sealed the deal, with AK Masonry recognizing Maddix Capital's focus on the entrepreneur as a key factor.

The Intermountain West region of Utah is projected to grow by over 65% in population over the next 30 years, putting significant pressure on local municipalities and businesses. AK Masonry aims to meet this rising demand by modernizing and expanding its approach. With established relationships with regional contractors and a comprehensive service portfolio, AK Masonry is well-positioned to capture a significant portion of the market and support Utah's booming growth.

Hillcrest Bank, which operates as a division of NBH Bank, played a crucial role in assisting Maddix Capital with the transaction. Adam Lewis, Commercial Relationship Manager of Hillcrest Bank, emphasized their support for AK Masonry's banking needs and their expertise in partnering with firms to support local entrepreneurs.

Maddix Capital, founded in 2022, strives to reimagine private equity by expanding access for investors while uplifting the entrepreneurs, teams, and culture of the businesses in its portfolio. With an operator-driven and entrepreneur-friendly approach, Maddix Capital aims to democratize access to private equity and set a new standard for the industry. The firm is located in Lehi, Utah, and closed its first deal within its first year of operation.

Hillcrest Bank, a division of NBH Bank, operates a network of banking centers and serves a wide range of clients, including individual consumers, small, medium, and large businesses, as well as government and nonprofit entities. National Bank Holdings Corporation, the bank holding company, focuses on building a leading community bank franchise committed to delivering high-quality client service and achieving shareholder results.

AK Masonry, with over 250 industry professionals and artisans, specializes in municipal and commercial building projects. The company has a proven track record of excellence, delivering projects on time and within budget. With superior craftsmanship, deep industry expertise, and cutting-edge processes, AK Masonry has earned a trusted reputation in the industry.

In conclusion, the investment from Maddix Capital provides AK Masonry with a significant growth opportunity. With the additional capital and expertise, AK Masonry can expand its services and geographical reach, solidifying its position as a leader in the construction industry. The collaboration between AK Masonry, Maddix Capital, and Hillcrest Bank brings together unique strengths and shared visions, enabling them to support Utah's booming growth and open doors for promising professionals and artisans in the trade.