Alberici Corporation Expands with Strategic Investment
Alberici Corporation has recently made a strategic investment in LCG Capital Management, enhancing the range of services offered to its clients. This investment introduces specialized development, brokerage, property management, and corporate services aimed at supporting clients’ long-term real estate needs.
Access to Real Estate Expertise
As part of this initiative, clients of Alberici subsidiaries, including Alberici Constructors and Flintco, will now have privileged access to the expert insights and resources offered by LCG Capital Management. This partnership is set to provide a greater level of real estate expertise, beneficial both in current projects and future endeavors.
Leadership and Organizational Structure
LCG Capital Management, led by founding members who have a wealth of experience in real estate, including Rob Goltermann, Ian Silberman, and Scott Bitney, will maintain its name and operate independently. Goltermann will continue in his role as CEO, overseeing the integration and collaboration with Alberici's operations.
Strengthening Client Solutions
Richard Jaggers, President and CEO of Alberici Corporation, emphasized the significance of this investment by stating, "Clients today face tighter credit markets and complex macroeconomic conditions. Our investment in LCG gives us a powerful resource to help clients extract value from existing assets and align their real estate strategies with long-term business goals." This strategic move is designed to address the evolving challenges faced by clients in the real estate sector.
Experienced Leadership Addition
The leadership team at LCG will also welcome Craig Saur, the former Chief Administrative Officer at Flintco, stepping in as Chief Operating Officer. With over two decades of operational and real estate experience, Saur will lend his expertise to enhance LCG’s client solutions and internal growth strategies.
Transforming Real Estate Challenges
Craig Saur noted, "For many companies, real estate is a major cost driver but not a core capability. LCG is built to help clients convert real estate from a challenge into a strategic advantage." This philosophy underscores LCG’s mission to assist clients in navigating their real estate portfolios effectively.
Optimizing Real Estate Values
According to Goltermann, "LCG helps clients optimize the value of their real estate portfolios through development, repositioning, and planning future capital projects. With the financial strength and national presence of Alberici and Flintco, we are well-positioned to accelerate our growth and deliver integrated solutions across industries." This focus on optimizing real estate value positions LCG as a vital partner for companies looking to enhance their operational efficiency.
New Board of Directors
The strategic alignment of both organizations is further reflected in the newly formed Board of Directors, which includes notable members such as Gregory Kozicz, Ph.D., Chairman of Alberici Corporation, and Rob Goltermann, CEO of LCG Capital Management. Other key members include Anthony Clark, CEO of Narrow Road Group, and Ian Silberman of LCG Capital Management. This Board will guide the combined strengths of the two firms effectively.
About Alberici Corporation
Alberici Corporation is a distinguished name in the North American construction sector, with its subsidiaries, Alberici Constructors and Flintco, delivering innovative and high-quality project services. Founded in the early 20th century, the company boasts a workforce of 3,500 employees and has secured its position as the 34th largest builder in the continent, with annual revenues exceeding $4.45 billion. This robust operational presence amplifies its capability to support clients through comprehensive, quality services.
Frequently Asked Questions
What does the investment in LCG Capital Management mean for Alberici?
The investment allows Alberici to offer enhanced services, including development, brokerage, and property management, to better support clients' real estate needs.
Who are the key players in LCG Capital Management?
LCG was founded by real estate professionals Rob Goltermann, Ian Silberman, and Scott Bitney, with Goltermann continuing as CEO.
What role will Craig Saur play in LCG?
Craig Saur will serve as Chief Operating Officer, bringing valuable operational and real estate experience to the company.
How does the investment help clients?
This strategic move enables Alberici and LCG to offer tailored solutions that address complex market challenges, enhancing the real estate strategies of their clients.
What is the scale of Alberici Corporation?
Alberici Corporation is a leading North American construction company with more than 3,500 employees and significant annual revenues, positioning it among the top builders on the continent.
