KIRKLAND, Wash. — June 12, 2019 — OneAccord's capital advisory services team has announced the successful sale of Redfern Construction, Inc., a construction business specializing in commercial concrete based in Troutdale, OR.
“The OneAccord team provided exceptional cross-disciplinary advice, processes and transaction leadership to help us navigate through a complex transaction and position us for a phase of unprecedented growth,” said Redfern CEO Torey Redfern. “We look forward to continuing the great work with the OneAccord team.”
Torey’s father, Lee Redfern, started the company in 1967 and earned a shining reputation as one of the area's best construction companies. After more than 50 years of ownership, Lee and his wife were ready to enjoy retirement and wanted to sell the business to their son, Torey.
The Redferns engaged OneAccord to do a complete assessment of the business that would help develop a roadmap for selling the company. The capital advisory team then stepped in to serve as the exclusive strategic and financial advisor to the Redferns in the majority recapitalization of the company, which included a generational transfer from father to son. Torey will now carry the Redfern legacy forward.
“We were delighted to partner with the Redferns on this important transaction for their family,” said Mark Hulak, managing director of OneAccord capital advisory. “Since its founding in 1967, the company has solidified a sterling reputation in the Pacific Northwest construction industry and is now poised for strong expansion in this next phase of its evolution.”
Specializing strictly in commercial concrete, Redfern Construction offers services in a wide range of commercial and industrial applications including foundations, a variety of walls, post-tension decks, slabs and tilt-up construction. For more information, visit RedfernConstruction.com
The capital advisory services team at OneAccord is devoted exclusively to family-owned, privately held businesses, and applies best practices typically seen in larger, institutional transactions. Our values-based commitment to clients' goals, employees, customers, community and legacy guides our vision of being a trusted partner for the most important event in the life of your business. Learn more about OneAccord’s capital advisory services at OneAccord.co or call (425) 250-0883.