Entries by baserock

BaseRock Partners Advises SunWest Builders On Its Sale To An ESOP

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Denver, CO (November 5, 2024) – BaseRock Partners announces the successful sale of SunWest Builders to an Employee Stock Ownership Plan (ESOP). BaseRock Partners (“BaseRock”) served as the exclusive financial advisor to SunWest Builders. 

SunWest Builders, founded in 1989 and headquartered in Oregon, has been a trusted name in Central Oregon’s construction industry for over 35 years. Known for delivering high-quality projects, from small-scale remodels to multi-million-dollar campus expansions, SunWest Builders consistently meets the highest standards of craftsmanship and customer service. The company’s stability and success are built on strong client relationships, with recommendations and referrals serving as a testament to its long-standing commitment to client satisfaction.

Under the leadership of President and owner Steve Buettner, who has been active in the region’s construction sector since the early 1980s, the company has earned a reputation for delivering high-quality, durable projects across a wide range of sizes and types.

Reflecting on this new chapter, Buettner shared, “I have always believed in the talent, dedication, and heart of our team. Transitioning to an ESOP reflects my confidence in our people and honors the collective effort that has driven our success. I couldn’t envision a better legacy than empowering our employees to shape the future of SunWest Builders.” Buettner shared,

“BaseRock Partners came highly recommended to us, and they lived up to their reputation as leaders in construction company ESOP formations. Their expertise and guidance were crucial as we navigated the complexities of transitioning to an ESOP.

With their insightful support and step-by-step leadership, BaseRock proved to be the ideal partner during this transformative period for SunWest Builders.”

 

About BaseRock Partners

BaseRock Partners is an investment bank built to serve the engineering and construction industry. BaseRock advises clients using a team-oriented approach that combines decades of industry expertise, deep industry relationships, and unique transaction capabilities specifically designed to meet the needs of engineering and construction companies.

BaseRock Partners Contact

matt-drake

Matthew Drake
Partner & Co-Founder
Email Matthew
312.882.7649

ESOP Association (TEA) Employee Owned Conference 2024

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Meet us at the ESOP Association (TEA) Employee Owned Conference in Las Vegas, NV November 13-15, 2024.

The Employee Owned Conference, attended annually by more than 2,000 employee-owners, thought leaders, and professional advisors, is the largest ESOP conference in the world. Make sure to join us in Las Vegas for collaboration, networking, and multiple learning tracks designed to help you get the information you need.

Click here to learn more.

Meet Our Team


Picture of Matthew Drake | Partner

Matthew Drake | Partner

mdrake@baserockpartners.com
(312) 882-7649


Picture of John Steinegger | Managing Director

John Steinegger | Managing Director

jsteinegger@baserockpartners.com
(720) 853-4235

MarshMcLennan Agency Construction Summit 2024 – Scottsdale

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Speaking Topic

Dustin Bass and Scott Duncan are presenting Ownership Continuity & Transition Planning at the 2024 Construction Innovation Summit.

About the Event

Join Marsh McLennan Agency for their upcoming Construction Summit. This event promises to be an insightful gathering of industry experts, where they will explore various topics crucial to the construction sector. Their distinguished speakers will share their expertise on a wide range of subjects, ensuring a comprehensive and engaging experience for all attendees. 

Click here to learn more about the event.

Meet Our Team


Picture of Dustin Bass | Partner

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721

CFMA New England Conference 2024: Construction Industry M&A Trends

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Speaking Topic

Dustin Bass and Scott Duncan are presenting the Construction Industry Outlook and 2024 M&A Trends at this year’s CFMA New England Regional Conference on September 19, 2024.

About the Event

Designed for CFOs, controllers, and financial managers in the construction industry, CFMA New England is committed to delivering the 

Be sure to stop by and talk with Dustin about how our firm brings deep industry experience, relationships, and expertise to every engagement. See why our unique approach to transaction advisory provides clients with greater clarity, improved transaction optionality, and exceptional outcomes.

Click here to learn more about the conference and speakers.

Meet Our Team


Picture of Dustin Bass | Partner

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721


Picture of Scott Duncan | Partner

Scott Duncan | Partner

sduncan@baserockpartners.com
(720) 273-2781

BaseRock Partners Advises Clinton Electric, Inc. On Its Sale To Mid-Am Building Solutions, LLC

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Denver, CO (July 30, 2024) – BaseRock Partners is pleased to announce the sale of Clinton Electric, Inc. to Mid-Am Building Solutions, LLC, a portfolio company of Craft Work Capital Investments, LLC. BaseRock Partners (“BaseRock”) acted as the exclusive financial advisor to Clinton Electric, Inc. (“Clinton Electric “) in this transaction. 

Clinton Electric, headquartered in Ina, Illinois, has been a trusted partner in the field of industrial and commercial electrical contracting since 1981. The company offers a comprehensive range of services, including new construction, renovations, repairs, general maintenance, plant shutdowns, and emergency response. Serving primarily the southern section of Illinois, Clinton Electric’s impressive portfolio includes clients such as Southeastern Illinois Electric Cooperative, Continental Tire, Conagra Brands, Walker’s Bluff Casino, and SSM Health.

“We couldn’t be more grateful for the BaseRock team during the sale of our company,” said Pam Allen, President of Clinton Electric. “BaseRock’s approach to managing both the buyer and us kept the process on track and their patience and willingness to educate me through every step were invaluable. We were fortunate to have had BaseRock guide our ownership team through the sale process. A special thanks to the team!”

“Clinton Electric is a truly impressive company with a reputation of superior workmanship. Their talented leadership team fosters a great culture that is fortified by dedicated, highly skilled union electricians. Clinton Electric is an important addition to the Mid-Am Building Solutions platform and we look forward to supporting the team in their growth plans,” said Rob Krueger, CEO of Mid-Am Building Solutions, in this press release.

Craft Work Capital Investments, LLC (“Craft Work”), a strategic investor exclusively focused on mechanical, electrical, and other related specialty contracting firms, completed a control investment in Clinton Electric, Inc., by Mid-Am Building Solutions, LLC, Craft Work’s Midwestern-focused platform.

Clinton Electric will remain under its current name and continue to be helmed by Pam Allen as President, who has been with the company for over 23 years.

About BaseRock Partners

BaseRock Partners is an investment bank built to serve the engineering and construction industry. BaseRock advises clients using a team-oriented approach that combines decades of industry expertise, deep industry relationships, and unique transaction capabilities specifically designed to meet the needs of engineering and construction companies.

BaseRock Partners Contact

John-Steinegger

John Steinegger
Managing Director
jsteinegger@baserockpartners.com
720.853.4235

Join Us at the 33rd Annual CICPAC Conference

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We’re thrilled to be exhibiting at the 33rd Annual CICPAC Conference. Our team is looking forward to engaging with fellow members, CPAs, and industry professionals at the event, which is dedicated to advancing construction accounting education and sharing insights and expertise crucial to the construction sector.

Be sure to visit our team in the exhibitor space to learn more about how our firm brings deep industry experience, relationships, and expertise to every engagement.

See why our unique approach to transaction advisory provides clients with greater clarity, improved transaction optionality, and exceptional outcomes.

Learn more about the CICPAC Conference 

Meet Our Team at the Conference


Picture of Dustin Bass | Partner

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721


Picture of Matthew Drake | Partner

Matthew Drake | Partner

mdrake@baserockpartners.com
(312) 882-7649


Picture of John Steinegger | Managing Director

John Steinegger | Managing Director

jsteinegger@baserockpartners.com
(720) 853-4235

Utility Services Market Update April 2024

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In our Utility Services Market Update, we share megatrends in transmission, broadband infrastructure, and more, highlighting the need for modernization and resilience and the growing demand for utility service assets.

Gain access to critical takeaways and acquire fresh insights to effectively navigate the shifting landscape.

Utility Services Market Update Insights & Megatrends include:

  • – How Transmission and Distribution requirements are evolving to meet new demands
  • – Importance of asset modernization and hardening across the sector
  • – Role of fiber in powering the modern economy
  • – Summary of key transactions in utility services



Request a Copy

Contact BaseRock Partners


Picture of Luke Smith

Luke Smith

Managing Director
720.846.0004


Email Luke

CFMA San Francisco: Introduction to Ownership Succession

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Dustin Bass and Scott Duncan are speaking at the CFMA San Francisco chapter event, presenting an introductory session of the most common ownership succession paths in the construction industry today.

Click here to learn more.

Meet Our Team at the Conference


Picture of Dustin Bass | Partner

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721


Picture of Scott Duncan | Partner

Scott Duncan | Partner

sduncan@baserockpartners.com
(720) 273-2781

Construction Materials Outlook 2024

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2024 brings a host of challenges to the market, including inflation risk, rising deficits/debt, and the specter of a recession. However, non-residential construction, particularly manufacturing and infrastructure, have strong tailwinds. The key question in 2024: Will pricing power continue to offset stagnant and weakening demand? Download the 2024 Outlook to learn more.

Key Insights Include:

  • – Strategic recap of 2023 in the construction materials industry
  • – Summary of key M&A transactions that are reshaping markets
  • – Construction materials 5 key 2024 trends to watch
  • – Key drivers of pricing power in construction materials markets



Request a Copy

Contact BaseRock Partners

Scott Duncan
Partner
sduncan@baserockpartners.com
720.273.2781

Holmes Murphy: 2024 Economic and Construction Outlook

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BaseRock Partners joins Holmes Murphy for an insightful session on the economic outlook for 2024 and its impacts on the construction industry on April 18 in St. Paul, MN.

Speakers Dustin Bass and Scott Duncan will explore the intersection of Value Drivers and Exit Optionality for construction businesses. Looking forward to networking and sharing key insights in the company of industry leaders.

Click here to learn more.

Meet Our Team at the Conference


Picture of Dustin Bass | Partner

Dustin Bass | Partner

dbass@baserockpartners.com
(303) 681-1721


Picture of Scott Duncan | Partner

Scott Duncan | Partner

sduncan@baserockpartners.com
(720) 273-2781

© 2025 BaseRock Partners All Rights Reserved.

Certain securities and advisory services are provided through BaseRock Capital, LLC, a wholly owned subsidiary of BaseRock Partners, LLC and a member of FINRA and SIPC. Information regarding BaseRock Capital, LLC and its registered representatives and principals may be found at brokercheck.finra.org.