Maddix Capital completed the acquisition of a 51% stake in AK Masonry.

Maddix Capital, a private equity firm, completed the acquisition of a 51% stake in AK Masonry, a provider of construction services including material manufacturing and maintenance. Financial terms were not disclosed. “AK Masonry exists to fix what's broken in a fragmented market of the construction industry. We’ve already achieved great success at the local level, but this investment from Maddix together with our ongoing banking relationship with Hillcrest Bank will allow us to increase our impact and output dramatically. Our deep industry relationships and expertise – combined with Maddix's prowess in M&A, strategic planning, and scaling their own businesses as operators – will make us a force to be reckoned with. We aim to help other promising businesses like ours overcome growth plateaus and achieve major milestones through our proven model, and we are thrilled that this new infusion of capital will help us make that goal a reality,” Alex Short, AK Masonry CEO and Founder.