Rival Holdings has announced the acquisition of Laux Construction, a Michigan-based general contractor specializing in commercial construction. Laux Construction, founded by David Laux in 1996, has established itself as a reputable entity in the construction industry, known for its high-quality work and client satisfaction. With nearly 40 employees, the company has successfully completed notable projects such as the Michigan Department of Natural Resources Legacy Parkway and the Capital Area Transportation Authority Multimodal Gateway. CEO of Rival Holdings, Brad Crawford, expressed excitement over the acquisition, noting the industry’s growth trajectory and Laux’s solid reputation. David Laux also welcomed the acquisition, aligning his company’s vision and values with those of Rival. Rival Holdings, which commenced operations in 2023, aims to transform the built environment through strategic investments in innovative companies.

Construction, Private Equity,United States, Michigan

https://www.globenewswire.com/news-release/2024/06/25/2903770/0/en/Rival-Holdings-Acquires-Laux-Construction.html