Colorado-based Kava Equity Partners, the direct private equity investment group of the Southern Ute Growth Fund, has acquired The Berg Group.
Founded in 1967 as Berg Drywall, The Berg Group has grown from a respected commercial drywall contractor into a nationally recognized specialty contractor and provider of integrated construction solutions. Berg delivers complex interior and exterior building systems with certainty, speed, and safety by integrating preconstruction expertise, advanced construction technologies, and off-site manufacturing solutions. Berg combines design-assist and building information modeling with prefabrication, modular systems, and industrialized construction to help clients reduce risk, control costs, and shorten schedules. Their nationwide footprint, traveling workforce, and deep specialization in high-performance environments—such as advanced manufacturing, data centers, cleanrooms, and mission-critical facilities—enable them to execute consistently at scale.
Kava Equity Partners’ acquisition of The Berg Group expands Kava’s portfolio into integrated, industrialized construction solutions. Berg’s safety-first, team-based culture is consistent with Kava’s management approach. Berg will retain the existing management team and continue to provide the same high-quality services to customers enhanced by the additional resources and capabilities of Kava and the Southern Ute Indian Tribe Growth Fund.
“This partnership reflects our commitment to investing in companies that honor the values of the Southern Ute Indian Tribe while delivering strong long-term economic opportunity. Berg’s culture of integrity, safety, and continuous improvement make them an ideal fit for Kava and the Growth Fund,” said James Dudley, managing director of Kava Equity Partners.
“Kava’s acquisition of Berg marks a powerful next chapter for the company, our team, and the clients we serve. Their long-term partnership mindset positions Berg to scale with discipline, pursue new opportunities nationwide, and create lasting value for our team and trusted partners,” stated Jack Szmanda, CEO of The Berg Group.
“By bringing Berg into the Kava portfolio, we are investing in a company at the forefront of industrialized construction, prefabrication, and technology-enabled building solutions while upholding the cultural values that guide the Tribe’s long-term investment philosophy,” said Shane Seibel, executive director of the Southern Ute Indian Tribe Growth Fund.
KeyBank Native American Financial Services supported the transaction as Sole Lender for the senior secured credit facilities used to capitalize the transaction and support go-forward operations. Holland & Hart LLP and Maynes, Bradford, Shipps & Sheftel, LLP provided legal counsel to Kava Equity Partners. Hennepin Partners served as financial advisor and Best & Flanagan LLP provided legal counsel to The Berg Group.
