Delos Capital Forms Edgard Construction Materials
NEW YORK--(BUSINESS WIRE)--Aug 7, 2018--Delos Capital (“Delos”), a private equity firm based in New York, announced the formation of Edgard Construction Materials LLC (“ECM” or the “Company”) and its acquisition of the assets of Willow Bend Ventures, LLC (“Willow Bend”).
ECM acquired an approximate 1,200-acre tract of land in St. John the Baptist Parish, Louisiana, situated between the Mississippi River to the north and Louisiana Highway 3127 to the south, located approximately forty miles west of New Orleans. The Company operates as a building materials site, providing clay approved by the U.S. Army Corps of Engineers (“USACE”) as contractor furnished material, in addition to other fill soils.
“We believe ECM is well positioned to serve as a value-added partner for infrastructure and general construction projects,” said Michael Rakiter, Partner at Delos Capital.
Kenneth Picache, a partner of ECM, said, “We look forward to expanding our operations to support the local economy and the state of Louisiana.”
About Delos Capital
Delos Capital, founded in 2013, is a lower middle market private equity firm specializing in management buyouts, recapitalizations, and growth investments.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005623/en/
CONTACT: Delos Capital
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Delos Capital
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PUB: 08/07/2018 11:43 AM/DISC: 08/07/2018 11:43 AM