AK Masonry Receives Investment From Maddix Capital
Summary
AK Masonry, a Lehi, UT-based local masonry and concrete contractor specializing in municipal and commercial building projects, received a multi-million-dollar investment from Maddix Capital, a Utah-based growth-stage private equity firm. Maddix’s founder and General Partner, Jesse Silva, will join the AK Masonry board. The company plans to leverage the new capital to rapidly expand its services and geographical reach beyond Utah. This acquisition presents an opportunity for AK Masonry to begin acquiring and rolling up other similar businesses that show growth potential. Founded in 2004, the company has scaled organically for almost two decades now, having grown from a bootstrapped small business to one that produces over $30 million in revenue.