Founders of modular builder Guerdon buy company assets, form new business | Dump Trucks Charlotte NC
Columbus Ohio Dump Truck Company Brief:
- Modular manufacturer Guerdon Enterprises LLC (GELLC) founders Lad Dawson and Mike Bowers have purchased most of the company's assets for an undisclosed price in a foreclosure auction forced by its lender, Main Street Capital Corp.
Dump Trucks Columbus OH Insight:
According to The Idaho Statesman, it’s unclear what caused GELLC's financial problems leading to foreclosure and that the original columbus oh dump truck company did not file for bankruptcy.
In July 2018, modular builder Skender announced the opening of a new manufacturing facility in Chicago, and, at the same time, hired Peter Murray, former president and COO of Guerdon Modular Buildings, which was part of GELLC, as president of manufacturing. Murray spent 2015 to 2016 at Guerdon before starting a consultancy.
Hotels lend themselves to modular construction, as do apartment buildings and assisted living projects, because the repetitive unit designs are a natural fit for factory construction. Some projects GELLC counts in its portfolio are:
- Two AC Hotels by Marriott in Oklahoma and California.
- Domain, a 430-unit apartment complex in San Jose, California.
- The Canyons Retirement Community in Twin Falls, Idaho.
Given the opportunities for modular construction in the hotel industry, it's no surprise that other modular companies are making a play for their share of the business. In September, Z Modular offered hospitality industry owners and developers the chance to convert the plans for any hotel project from traditional construction to modular for $20,000, a 60% discount from its standard fee of $50,000.
The conversion, which came with a 10-day turnaround time, included a parametric Revit model; an MEP (mechanical, electrical and plumbing) design; an order of magnitude with an estimated price per square foot; project schedule; and a conceptual floor plan.