AVA Secures Multi-Million Dollar Investment from Decathlon Capital Partners for Manufacturing Expansion

AVA Secures Strategic Investment to Fuel Growth

In a significant development for the modular construction industry, Advanced Volumetric Alliance (AVA), a leader in the modular building manufacturing sector, has announced a multi-million dollar investment from Decathlon Capital Partners. This financial boost is set to empower AVA to expand its manufacturing capacity and drive business growth from its headquarters in Albertville, Minnesota.

Brian Nicholson, CEO of AVA, expressed enthusiasm regarding the new investment, highlighting the company’s commitment to serving a diverse clientele, including developers involved in multi-family housing, senior living, and hospitality projects. "We design, engineer, and manufacture complete buildings in an off-site environment," Nicholson explained. "This allows us to deliver energy-efficient, well-constructed projects that meet the rigorous timelines demanded by our clients."

The facilities of AVA boast a substantial 185,000 square feet, designed to accommodate an innovative manufacturing process that leverages off-site construction methods. This strategy ensures that AVA’s projects can proceed without delays typically associated with traditional construction, such as adverse weather conditions. According to Russ Soukup, AVA's President, developers are increasingly recognizing the cost-effectiveness and efficiency of indoor modular building techniques. "Savvy developers are fully embracing off-site modular manufacturing, significantly reducing their labor and material costs, which in turn allows them to undertake more projects in a shorter time frame," Soukup noted.

From a financial perspective, the growth-capital package offered by Decathlon Capital Partners has been tailored to fit the evolving needs of AVA. Dan Kersten, CFO of AVA, remarked on the terms of the investment, stating that it features a flexible amortization schedule with no costs associated with undrawn capital. Importantly, this arrangement also ensures that existing shareholders do not face any dilution of their interests or managerial changes.

In response to this development, John Borchers, Managing Director at Decathlon Capital, praised the leadership and workforce at AVA, pointing out that their expertise positions the company for sustained success in producing large-scale modular commercial buildings. "Advanced Volumetric Alliance is well-equipped with innovative solutions, setting the stage for substantial growth," Borchers commented.

AVA's ethos centers around redefining the construction landscape by offering cost-efficient, scalable, and sustainable building solutions that prioritize speed and precision. The company aims at sectors like multi-family living, senior living, and hospitality, ensuring that their projects are not only aesthetically pleasing but also energy-efficient and built to high quality standards. For further details about AVA's innovative building solutions, interested parties can visit AVA's website.

Decathlon Capital Partners, established with a mission to provide growth capital through customized financing solutions, stands at the forefront of funding options for businesses looking for alternatives to conventional equity investments. Their recent partnership with AVA reflects their commitment to facilitating long-term growth without compromising operational control or shareholder interests. With offices in Menlo Park and Park City, Decathlon remains active across various sectors, solidifying its presence in the investment community. To learn more about Decathlon Capital Partners, visit their website.