Riverlake Partners Places Majority Equity Investment in Guerdon Enterprises
- Aug 21, 2014
Portland, Ore.—Riverlake Partners LLC has announced that it has made a majority equity investment in Boise, Idaho-based Guerdon Enterprises LLC, which specializes in and is a leading producer of large multi-unit modular buildings. Riverlake was joined by Main Street Capital Corporation of Houston in the investment and Guerdon was advised by Chicago-based investment bank Building Industry Advisors LLC.
“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,” says Laurence “Lad” Dawson, managing member 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.”
Dawson will remain with Guerdon as CEO and will still be a substantial shareholder as the company transitions into its next phase of growth. Leadership from Riverlake and Main Street Capital will hold seats on the company’s board of directors.
Guerdon, which employs 300 workers and has posted annual revenues of more than $80 million, was founded in 2001 and has since emerged as an industry leader for its efforts in improving the use of systems-built technology in multi-unit commercial and residential buildings. The company’s modular construction products have been used in projects such as apartments, hotels, student housing, senior housing and workforce housing.
“From the beginning, we were impressed with Mr. Dawson, his management team and the company as a whole,” says Erik Krieger, partner at Riverlake Partners. “Guerdon is the type of high quality organization we strive to partner with and we’re looking forward to helping achieve the company’s future objectives.”