Diversified Industrials
Rubicon Receives Growth Investment from Corbel Capital Partners
Published September 26, 2023
SALT LAKE CITY, UTAH – Meridian Capital LLC (“Meridian”), a leading independent middle market investment bank and M&A advisory firm is pleased to announce the closing of a successful investment into one of its clients, Rubicon Contracting, LLC (“Rubicon” or the “Company”), by Corbel Capital Partners (“Corbel”).
Based in Bountiful, UT, Rubicon is the fastest-growing exterior facilities services provider in the Intermountain region. It offers a diverse mix of services including snow and ice management, landscaping, irrigation, construction and repair services, and more. With a fleet of 300+ vehicles, the Company serves some of the largest property owners, hospitals, education institutions, and corporations in the Mountain West region. Rubicon has been recognized as an Inc 5000 fastest-growing company for the 2nd year in a row among many other regional and industry-focused awards.
Brandon Floyd, Chief Executive Officer of Rubicon, shared “I’m thrilled at the explosive growth our team at Rubicon has driven in recent years. The Meridian team worked tirelessly and kept our best interests in mind throughout the entire process. Their knowledge of and experience within the facility maintenance markets were critical in telling our unique story and securing a great outcome for the business. I look forward to the partnership with Corbel and what the future holds for Rubicon.”
Brian Murphy, President and Managing Director at Meridian, stated “Meridian’s Diversified Industrials practice team continues to see strong investor appetite across a variety of sub-sectors within facility maintenance and industrial services. Rubicon’s differentiated customer acquisition strategy, broad service offering, and rapid market share expansion attracted interest from a robust investor universe.”
Benton Sturt, Director and head of Meridian’s Salt Lake City office added, “Since opening the new office in 2022, we have been impressed by the community of passionate founders, business owners, and operators across the region. Building a relationship with the Rubicon team is a great representation of why our firm remains so excited to be a part of the Intermountain market. We are enthusiastic about the growth Rubicon will be able to unlock as a result of this transaction.”
Meridian Capital served as the exclusive financial advisor to Rubicon on the transaction. Dentons Durham Jones Pinegar served as legal counsel and Eide Bailly provided accounting and tax services to Rubicon.
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About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
