October 11, 2022

Crescendo Invests in AGS Construction (“AGS”)

Crescendo Capital Partners, LLC (“Crescendo”) is pleased to announce its investment in AGS Construction (“AGS” or the “Company”). Over four decades, AGS has provided a variety of reconstruction, restoration and renovation services throughout Colorado. AGS’s broad client base includes multi-family housing and commercial building management companies as well as home owner associations. The Company is based in the Denver area, with operations across the state.

Ironwood Capital provided mezzanine debt and a co-investment to support the transaction, while CIBC provided senior debt. The two owner-operators, Bob Beaty and Marty Davidson, retain a sizable equity position.

We are excited to partner with Crescendo Capital Partners. Crescendo’s investment experience in the construction and building services trades is unparalleled and we believe Crescendo will help AGS achieve significant scale and geographic diversification. AGS’s future is very bright.
Bob Beaty, Co-owner and Co-CEO of AGS.

CL Turner, III, Founding Partner at Crescendo, noted, “We are thoroughly impressed by AGS’s recent growth, the size and skills of the management team, and the prospects for significant organic and inorganic growth. In its region, the Company is highly regarded for its attention to quality and detail, as well as its unrivaled customer service.” Crescendo SVP Bryan Miller added, “We are extremely excited to partner with Bob, Marty and the impressive management team at AGS. We have already initiated an M&A strategy that will pay dividends for the Company as it grows in Colorado and across the US.”

Overview of Crescendo Capital Partners, LLC (“Crescendo”)

Crescendo invests in middle-market companies at inflection points, bringing capital and scaling skills to unleash latent growth potential. Crescendo has made ~13 acquisitions totaling ~$400+M (including add-on’s), and has a particular expertise in the construction trades, with 10 closed acquisitions. Crescendo has 7 investment professionals in 4 offices, plus 3 professionals with operating skills.