Alberici and Flintco Enhance Service Offerings with LCG Capital Management Investment

Alberici and Flintco Expand Services with New Investment in LCG Capital Management



Alberici Corporation has recently announced a significant strategic investment in LCG Capital Management, a company renowned for its expertise in real estate development, brokerage, property management, and corporate services. This partnership signals a promising evolution in the service offerings of Alberici's subsidiaries, including Alberici Constructors and Flintco, ensuring clients gain access to specialized real estate knowledge tailored to meet their long-term needs.

The acquisition, which will retain the LCG brand and leadership, will enable Alberici to leverage its financial strength and nationwide presence to address the growing demands of the real estate market. Richard Jaggers, President and CEO of Alberici Corporation, highlighted the strategic importance of this investment, noting that clients are increasingly navigating tighter credit markets and complicated economic circumstances. Through this partnership, Alberici seeks to provide innovative solutions that align real estate strategies with the broader objectives of businesses, transforming assets into valuable resources.

LCG Capital Management, founded by seasoned real estate experts including Rob Goltermann, Ian Silberman, and Scott Bitney, will continue to operate independently under Goltermann's leadership as Chief Executive Officer. This independence allows LCG to maintain its operational focus while tapping into the extensive resources provided by Alberici. The financial specifics of the transaction remain undisclosed, marking a pivotal moment in the evolution of both companies.

Joining the leadership of LCG is Craig Saur, who formerly served as the Chief Administrative Officer at Flintco. In his new role as Chief Operating Officer, Saur is expected to bring over two decades of experience in operational management and real estate, steering LCG's initiatives to support clients effectively while facilitating internal growth.

"For many companies, managing real estate is not a core competency but a significant expense," said Saur. "LCG is designed to assist clients in turning real estate challenges into strategic advantages."

LCG's expertise lies in optimizing the value of real estate portfolios, providing services in development, repositioning existing properties, and planning future capital projects. Goltermann emphasized the mutual benefits of this collaboration, stating, "Given the financial robustness and national footprint of Alberici and Flintco, we are well-positioned to expand our reach and offer integrated solutions across various sectors."

To suit the strategic objectives of both companies, a newly formed Board of Directors has been established. This board includes distinguished members such as Gregory Kozicz, Ph.D., Chairman of Alberici Corporation; Rob Goltermann, CEO of LCG Capital Management; Anthony Clark, CEO of Narrow Road Group; and Ian Silberman, Principal at LCG Capital Management. Their combined expertise will guide the new partnership towards achieving shared goals and maximizing client satisfaction.

Alberici Corporation, which encompasses subsidiaries Alberici Constructors and Flintco, has a storied legacy dating back to 1918 and 1908, respectively. Today, it is among the leading construction companies in North America, known for delivering innovative, high-quality, and safe projects across diverse markets. With a workforce of around 3,500 employees and annual revenues exceeding $4.45 billion, Alberici continuously strives to enhance its operational capabilities and client service.

This strategic investment in LCG Capital Management not only reinforces Alberici's commitment to growth and adaptation in a rapidly changing marketplace but also positions both organizations advantageously within the competitive landscape of real estate and construction services. Clients interested in exploring new opportunities in real estate management can now look to Alberici and LCG for insights that drive strategic decision-making and long-term value creation.

Topics General Business)

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