LaPhair Capital Partners Acquires Kinexx Modular Construction to Accelerate Homeownership in Urban Communities
23 Abril 2024 - 3:00AM
Business Wire
News Highlights:
- LaPhair Capital Partners acquires controlling interest in
portfolio company, Kinexx Modular Construction and names Scott
Upshaw as the new CEO.
- Kinexx Modular Construction specializes in the rapid design,
manufacturing, and installation of sustainable and affordable urban
homes.
- LaPhair Capital is a performance driven, minority led, and
market focused early-stage investment fund backed by professional
athletes.
LaPhair Capital Partners, an innovation focused, early-stage
investment firm today announced the acquisition of Kinexx Modular
Construction (Kinexx), a pioneer in modular building solutions.
This strategic acquisition marks a significant milestone in LaPhair
Capital Partners' mission to advance innovation in urban areas and
to expand on its commitment to increasing economic opportunity in
underserved markets.
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the full release here:
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Kinexx builds innovative, modern modular
homes uniquely designed for urban infill. (Photo: Business
Wire)
Kinexx is renowned for its cutting-edge building technologies,
which streamline construction processes, reduce waste, and promote
environmental sustainability. LaPhair Capital Partners aims to
catalyze the adoption of modular construction, addressing pressing
challenges in housing construction and affordability in the Chicago
region and beyond. Joining LaPhair as investors are several
professional athletes, including Alec Ogletree, Darren Waller,
Jaylon Johnson, Trey Lyles, and Xavien Howard, who are passionate
about adding awareness to the value of homeownership as an anchor
to family stability and financial health in underserved
communities.
"We recognize the notable shortage of U.S. homes, linked to
issues like instability and economic disparity,” said Adrian
Muhammad, Managing Partner at LaPhair Capital Partners. “This
acquisition underscores our dedication to both layering innovative
solutions against broad, societal challenges and targeting
investments that drive positive change in the communities we serve.
Together, we will accelerate the deployment of sustainable building
solutions, address the nation’s housing crisis and simultaneously
empower a wave of homeownership in urban markets nationwide."
Kinexx will operate as a subsidiary of LaPhair Capital Partners,
leveraging synergies between the two organizations to enhance
product development, expand market reach, and deliver economic
value to development partners and investors.
"I’m very proud to be a part of this, both as an investor and as
a Chicagoan,” said Jaylon Johnson, the Chicago Bears All-Pro
safety. "I look forward to working with the city, county and
development partners to help put people in high quality, affordable
homes. This is how we truly build generational wealth.”
LaPhair Capital Partners announces the appointment of Scott
Upshaw as the new CEO of Kinexx Modular Construction. With a proven
track record in turnaround management and expertise in housing and
community development, Upshaw brings valuable leadership to the
company. Under his guidance, Kinexx aims to bolster financing and
developer partnerships while expanding manufacturing capabilities
across the Midwest and Southwest regions.
About LaPhair Capital Partners:
LaPhair Capital Partners is an influencer-backed, minority-led
early-stage investment firm. We support passionate leaders,
innovative solutions and seek to advantage shifts in cultural
trends for return value for our partners, portfolio and service
communities. For more information, please visit
https://laphaircapital.com/.
About Kinexx Modular Construction:
Kinexx Modular Construction is a pioneer in modular building
solutions, specializing in the design, manufacture, and
installation of sustainable modular structures. With a commitment
to innovation and environmental stewardship, Kinexx Modular
Construction is revolutionizing the construction industry by
providing efficient, cost-effective, and sustainable building
solutions. For more information, please visit
https://kinexxmodularconstruction.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240423454476/en/
For more information about Kinexx Modular Construction, please
contact: Scott Upshaw, CEO info@kinexxmc.com
For more information about LaPhair Capital Partners, please
contact: info@laphaircapital.com
Media Inquiries: Press@laphaircapital.com