This partnership represents the third regional hub in an acquisition-driven strategy backed by AVALT and VantEdge
Wall Works Holdings (“Wall Works” or “WWH”), backed by AVALT and VantEdge, today announced a partnership with Associated Drywall Partners, LLC (“Associated” or the “Company”). Wall Works invested alongside members of the Associated management team in the transaction. The partnership will support the Company as it builds upon its leading market position in Indianapolis while expanding into adjacent geographies.
Founded in 1992 and headquartered in Indianapolis, Indiana, Associated is a market-leading provider of interior construction services, including drywall, metal framing, insulation, and painting. The Company serves general contractors across the single-family, multifamily, and commercial end markets. Associated operates throughout Indiana and has recently entered Ohio, where it plans to invest meaningfully to support continued growth. Over its decades-long history, the Company has earned a strong reputation for delivering high-quality work to many of the region’s top general contractors.
Associated was founded by Joe and Stephani Carnevale and is led by Vice Presidents JJ Maule, Chris Smith, and James Bertram, each of whom brings decades of industry leadership experience. The leadership team is supported by a deeply experienced group of operational and field professionals.
“We’re thrilled to welcome Associated as our third region-leading hub within the Wall Works family,” said Darren Gould, CEO of Wall Works. “Associated has earned the respect of its customers through differentiated service quality and a proven track record of on-time delivery. I look forward to partnering with the Carnevale’s and the Associated management team as we embark on this next chapter of growth.”
About Associated
Associated Drywall Partners is a leading provider of drywall, metal framing, insulation, and painting services to the single family, multi family, and commercial end markets in Indiana and Ohio. The Company has a 30+ year history and a strong track record of market leadership, serving the leading general contractors across the region. For additional information, visit www.drywallpartners.com.
About Wall Works
Wall Works Holdings is a platform company that partners with and builds best-in-class finishing contractors serving general contractors and homebuilders across the United States. Services include drywall, insulation, metal framing, acoustic ceiling tile, exterior cladding, and custom finishes. Wall Works companies preserve their brands, relationships, and significant operating autonomy while simultaneously benefitting from growth capital, strategic support, and shared resources that come from a national platform. For additional information, visit www.wallworksholdings.com.
About VantEdge
VantEdge is a Kansas City-based family office investment firm that invests primarily in residential and commercial services, construction services, distribution, manufacturing, and multi-site consumer concepts. Target equity investments range from $20 to $75 million. VantEdge is committed to a partner-first mentality, collaborating and supporting management teams to create value together. For additional information, visit www.vantedge.partners.
About AVALT
AVALT is a private equity focused family office that invests only its own principals’ capital in high-quality companies that have significant long-term potential. Typical platform investments are backed with $25-100M of equity capital. AVALT builds truly collaborative partnerships with management teams in order to lend their decades of private equity and industry experience to driving growth and positive change in their businesses. AVALT’s permanent and flexible capital then supports those companies as they achieve their full potential, without regard to any fund structure or fixed time horizon. For additional information, visit www.avalt.com.