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News/November 16, 2020

FMI Capital Advisors Announces Colorado Cleanup Corporation Becomes 100% Employee-owned

FMI Capital Advisors is pleased to announce the sale of Colorado Cleanup Corporation (“CCC”) to company employees via the Colorado Cleanup Corporation Employee Stock Ownership Plan (“ESOP”). On August 31, 2020, CCC sold to the Colorado Cleanup Corporation Employee Stock Ownership Trust and is now 100% employee owned. FMI Capital Advisors was the exclusive financial advisor to CCC for this transaction.

Colorado Cleanup Corporation is a heavy industrial and commercial excavation and demolition specialty contractor headquartered in Englewood, Colorado. Chris Formanek, President of CCC, said, “Our success and growth are a direct result of our employees thinking and acting like owners to deliver the best customer experience for our clients. We believe employee ownership is an advantage in recruiting and retaining some of the best employees in the marketplace. This transaction will allow CCC to pursue sustainable growth and allow our employees to share in the direct success of the company.”

Added Matthew Drake, Managing Director at FMI Capital Advisors, “My colleague John Steinegger and I couldn’t be happier with the outcome, both for the company’s employees and its founding former owners. We were grateful to act as advisors for such an important transaction and are excited to watch where CCC’s new employee-owners take the company next.”

About Colorado Cleanup Corporation
Founded in 2002, Colorado Cleanup Corporation offers a full range of turnkey, self-performed construction services for challenging demolition, earthwork, and environmental remediation projects across the Front Range. With highly skilled field personnel and a talented management team, CCC has been a key player in reshaping the Denver Area’s built environment, especially during the most recent building boom. Furthermore, the company’s advanced engineering and technical knowledge have enabled CCC to consistently deliver challenging projects while meeting or exceeding safety standards and client expectations. For more information, visit www.coloradocleanup.com/.

About FMI Capital Advisors
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm dedicated to the Built Environment. With more than 750 completed M&A transactions, our industry focus enables us to maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships.

FMI Capital Advisors’ Contractor and Construction Services practice brings expert M&A advisory services to specialty trade, heavy civil, industrial, and general contractors in the middle market.

FMI’s ESOP Advisory practice brings a unique combination of M&A and ESOP expertise that provides our clients with a clear understanding of each alternative to ensure that they are making a fully informed decision.

For more information, visit www.fminet.com/investment-banking.

FMI Capital Advisors Contacts:
Matthew Drake, Managing Director
mdrake@fminet.com
312.882.7649

John Steinegger, Director
jsteinegger@fminet.com
303.398.7210

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