Skip to main content

Rival Holdings Acquires Laux Construction

Written by Customer Service on . Posted in Mergers And Acquisitions.

Rival

Rival invests in organizations in the built ecosystem with the collective goal of catalyzing innovations that will actively transform the industry. We rival the status quo by empowering visionary companies to pursue disruptive technologies and techniques that will reshape how the built world operates. Our highly skilled team believes the return on these strategic investments will transform lives, communities, and the world for the better. For more information visit rival.re.
Rival invests in organizations in the built ecosystem with the collective goal of catalyzing innovations that will actively transform the industry. We rival the status quo by empowering visionary companies to pursue disruptive technologies and techniques that will reshape how the built world operates. Our highly skilled team believes the return on these strategic investments will transform lives, communities, and the world for the better. For more information visit rival.re.

Fort Wayne, Ind., June 25, 2024 (GLOBE NEWSWIRE) — Rival Holdings has acquired Laux Construction, a Michigan-based general contractor specializing in commercial construction. The company has served the greater Lansing area for more than 25 years on a wide variety of construction projects in the public and private sectors, including education, healthcare, industrial and commercial needs. 

Founded by David Laux in 1996, Laux Construction has experienced steady growth by focusing on high-quality work and client satisfaction. The company employs nearly 40 team members with a multitude of roles in the service areas of general contracting, construction management and design and build. Recent notable projects include the Michigan Department of Natural Resources Legacy Parkway, the Capital Area Transportation Authority (CATA)  Multimodal Gateway and a new building for Michigan Virtual University.

“We have been searching for a strong partner in the commercial construction industry, and we are thrilled to welcome Laux Construction to the Rival team,” said Rival Holdings CEO Brad Crawford. “The industry is on a growth trajectory, and Laux has demonstrated strong momentum while maintaining a positive reputation for quality and service. They will be an important part of our strategy to impact the built environment.” 

Founder and CEO of Laux Construction David Laux said, “At Laux Construction, we strive to build business relationships as strong as family, and we know we are only as good as our last project. Our clients trust that we will always deliver a quality product with superior customer support, and that’s why they continue to come back to us. I believe the Laux Construction vision and values align with Rival, and I look forward to working with Rival leadership as we move forward together.” 

Rival, which launched operations in 2023, has assembled an experienced team with deep industry knowledge and a desire to make a strong, positive impact on the built world. 

About Rival Holdings

Rival invests in organizations in the built ecosystem with the collective goal of catalyzing innovations that will actively transform the industry. We rival the status quo by empowering visionary companies to pursue disruptive technologies and techniques that will reshape how the built world operates. Our highly skilled team believes the return on these strategic investments will transform lives, communities, and the world for the better. For more information, visit rival.re.

Attachment

CONTACT: Kate Virag
The Ferguson Agency
260-414-2431
kate@fai2.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.