Blakhausens Divests our Position in North Elm

We’re proud to share that Blakhausens has officially sold its position in North Elm Construction, marking the end of a four-year partnership focused on growth, structure, and long-term value creation.

We originally invested in North Elm in 2020 with a clear intention: help scale a strong, capable construction business into something more refined, more resilient, and built for the next level. From day one, this was never just about capital. It was about rolling up our sleeves and working alongside the team to unlock what the business could truly become.

Over the course of our involvement, we partnered closely with leadership to expand their client base, strengthen internal structure, elevate the brand, and implement processes that could support meaningful scale. It was a steady evolution, one built through collaboration, accountability, and a shared commitment to progress.

The result speaks for itself. Together, we were able to 5x the business over our time involved. With that foundation now firmly in place, the timing felt right for us to step back and allow the North Elm team to continue building on that momentum.

We’re grateful for the opportunity to have been part of the journey. To the team at North Elm, and to the clients and partners we had the chance to work with along the way, thank you.