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- Generational Group Facilitates the Sale of Laux Construction to Rival Holdings
Generational Group Facilitates the Sale of Laux Construction to Rival Holdings
Slice of Construction Team
June 27, 2024
Key Highlights:
Generational Group successfully facilitated the sale of Laux Construction to Rival Holdings.
The transaction closed on June 7, 2024.
Laux Construction specializes in commercial construction and has over 25 years of experience.
Rival Holdings aims to catalyze innovations in the built environment.
The acquisition promises operational synergies and new opportunities for Laux Construction’s staff and customers.
Source (Business Wire)
Notable Quotes
"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. The industry is on a growth trajectory, and Laux has demonstrated strong momentum while maintaining a positive reputation for quality and service."
"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. 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."
"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 store for Laux Construction and Rival Holdings."
Our Take:
The acquisition of Laux Construction by Rival Holdings marks a significant step forward in the commercial construction sector. This strategic move is set to enhance operational capabilities and create new growth opportunities for both companies. Laux Construction’s long-standing reputation for quality and service, combined with Rival Holdings’ commitment to innovation, positions this merger as a transformative event in the industry. The synergies expected from this acquisition will not only benefit customers but also provide greater stability and opportunities for Laux Construction’s existing staff. This deal exemplifies the positive impact that well-aligned mergers and acquisitions can have on the built environment.