SDR Ventures Advises DRC Construction Services on Acquisition by Nine Point Eight Capital
SDR Ventures is pleased to announce that DRC Construction Services, Inc. (“DRC” or “Company”) has been acquired by Nine Point Eight Capital. SDR served as the exclusive sell-side advisor to DRC throughout the transaction process.
Founded in 1984, DRC is a Colorado-based construction services company providing maintenance, repair, and rehabilitation services for sewer, storm, and wastewater utilities in the Rocky Mountain Region. The Company primarily services municipal and government agencies through local contractors. As a second-generation woman-owned business, DRC has a long-standing commitment to ethical practices and sustainability. The Company’s emphasis on client service has earned them a loyal client base of repeat customers and a strong reputation in the local community.
“The entire DRC team is incredibly grateful for the level of commitment and perseverance that the SDR Ventures team showed throughout the transaction process. While the M&A process is full of ups and downs, Mike and his team worked alongside us every step of the way to overcome many obstacles and bring the transaction to a successful close,” added Brittany Carroll, President of DRC Construction Services. “We are confident that DRC, its employees, and its clients will continue to thrive for years to come as they enter this new chapter with Nine Point Eight Capital.”
“I am very thankful for the opportunity to work alongside Brittany and Pat as the company transitions to its next phase of success. DRC’s longstanding commitments to its clients, the environment and the community are admirable and will continue to serve Nine Point Eight Capital,” added Mike Grande, Managing Director at SDR Ventures. “While this process faced unique challenges, the SDR Team was glad to assist Brittany and Pat to achieve their goals and step into their next chapters.”
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