FMI Capital Advisors Announces Sale of CFC Construction to Big-D Construction
FMI Capital Advisors is pleased to announce the sale of CFC Construction (CFC) to Big-D Construction, a diversified commercial and industrial contractor based in Salt Lake City, Utah. FMI Capital Advisors served as the exclusive financial advisor to CFC for this transaction.
Serving Colorado and neighboring states for 45 years, CFC is a leading multifamily and commercial building contractor that has left its footprint through a variety of projects, including office, resort, hospitality and multi-family. This transaction allows CFC to better serve its clients by enabling the company to take on larger, more complex projects in Colorado while increasing its bonding capacity and resources. The strength of Big-D will provide immediate resources to CFC to achieve the company’s long-term strategic goals, including increased financial reserves, a diverse project portfolio and national partnerships that increase CFC’s efficiencies and competitive advantage.
“We are excited about CFC joining the Big-D family of companies,” said EJ Olbright, chairman and founder of CFC. “We chose them because we found we have perfectly aligned values, culture, and vision for the future of CFC. Our collective strength will allow us to grow while continuing to provide the very best-in-class construction management services to the Colorado market. It will also ensure we take care of our greatest asset, our associates, who will be able to further expand and develop their careers.”
“We are grateful that FMI found a partner that was the best fit for us, both in our vision to grow our company and in aligning with our company's values. We are looking forward to this next chapter,” added Olbright.
CFC will continue to be locally managed and operated under the same name. Olbright will continue in his role with CFC, along with CFC President Pat Smith.
ABOUT CFC CONSTRUCTION
Since 1977, CFC Construction’s honest, hardworking, and highly respected teams have consistently delivered results at job sites throughout Colorado — from the plains to the peaks. We understand the challenges unique to building in Colorado, delivering the benefit of our specialized expertise in the design and construction methods, timing, and approaches that work best here. We bring a true field-first focus, providing the right solutions to get your buildings built. For more information, visit www.cfcc.com.
ABOUT BIG-D COMPANIES
Headquartered in Salt Lake City, Utah, Big-D Companies is one of the largest groups of contractors in the United States. Combined, Big-D has thousands of successfully completed projects with over $2.5 billion of annual revenue. Strengthened by more than 1,400 associates, Big-D has 16 offices in nine states. Other owned affiliates include Martin Harris in Las Vegas and Reno, Nevada; Dovetail in Bozeman, Montana; McAlvain Companies Inc. in Boise, Idaho; and CFC Construction in Golden, Colorado. For more information, please visit big-d.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 fmicapitaladvisors.com.
FMI Capital Advisors Contact
John Steinegger
Managing Director
[email protected]