FMI Advises First Finish in Sale to Shawmut
FMI Capital Advisors is excited to announce the sale of First Finish, LLC to Shawmut Design and Construction, a national construction management firm providing fast-track, luxury interior services throughout the U.S. Lauren Bieber, Director, led FMI Capital Advisors’ deal team and served as First Finish’s exclusive sell-side financial advisor for the transaction.
Based in Columbia, Maryland, First Finish is a premier, full-service general contractor specializing in hospitality renovations throughout the U.S. and the Caribbean. Since its founding in 1999, the company has built a reputation for excellence in project management and customer satisfaction, partnering with some of the most recognized brands in the hospitality industry to transform more than 100,000 guest rooms.
“We are excited to join Shawmut, a company that not only aligns with our culture and values but also brings complementary capabilities that will allow us to expand our footprint and services,” said David Burman, founder and president of First Finish. “FMI’s support was invaluable throughout this process. Their strong advocacy and strategic guidance throughout due diligence and negotiations were critical to achieving a favorable, effective, and efficient outcome for the shareholders and employees alike.”
“Over the last 25 years, David Burman and his team have built First Finish into a leading, full-service hotel renovation firm,” Bieber said. “With occupancy rates at or above pre-pandemic levels, hotels are unwinding a massive pent-up backlog of renovation and conversion projects, driving significant remodel demand. Together with Shawmut, they will elevate their offerings to clients nationwide, meeting the evolving needs of the hospitality industry with even greater expertise and resources. I look forward to seeing what the firms accomplish together.”
First Finish received legal representation in the transaction from Venable LLP.
About First Finish:
First Finish is a national leader in the hospitality construction industry, with 25 years of experience managing every aspect of a hotel renovation project to deliver high-quality, on-time results. Founded in 1999, the company is headquartered in Columbia, MD with additional offices in Fort Lauderdale, FL and Irvine, CA. For more information, visit www.firstfinish.net.
About Shawmut:
Shawmut is a $2 billion national construction management firm with 11 offices across the country, including Boston, New York, Los Angeles, and Miami. The company builds lasting partnerships across various sectors, including education, commercial, healthcare, and hospitality. Founded in 1982, the company is headquartered in Boston, MA. For more information, visit www.shawmut.com.
About FMI Capital Advisors:
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit www.fmicapitaladvisors.com.
FMI Capital Advisors Contact:
Lauren Bieber
Director
[email protected]