D.A. Davidson & Co. announced today that it served as financial advisor to Carpenter Contractors of America (CCA) and the Thiel family in an agreement to sell the company to Kodiak Building Partners. CCA is the market leader in turnkey building services to the residential construction industry.
With the addition of CCA’s approximately 2,000 employees, the sale will double the headcount of Kodiak Building Partners. CCA’s management team will continue to operate the company, led by Ken Thiel, President and Vice Chairman. The transaction represents the largest acquisition in Kodiak’s nine-year history.
Founded in 1955 by Don Thiel, and led today by his son Ken Thiel, CCA’s market leadership stems from its scale and unique model involving off-site pre-fabrication coupled with field labor installation services. The company’s main operating locations are in Florida, Illinois and North Carolina.
“We are thrilled to have represented CCA and the Thiel family in their sale to Kodiak Building Partners. Given D.A. Davidson’s focus on family- and founder-owned businesses, we are proud to assist in transacting yet another high quality, multi-generational family business,” said Tim Sznewajs, Managing Director and Head of D.A. Davidson’s Industrials investment banking team. “This transaction helps the Thiel family cement their industry legacy while simultaneously creating a best-in-class combination within the residential building sector.”
D.A. Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across five industry verticals: consumer, diversified industrials, financial institutions, real estate and technology.
Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 26 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.