Locally owned. Supported by members.

Boise-based modular hotel maker gets new ownership

Tamarack Resort Q4 2020
Idaho Business pres. by My 102.7

After a foreclosure auction, Guerdon Enterprises of Boise has a new owner.

A new investor group acquired the assets earlier this year. Innovatus Capital Partners, LLC and Guerdon founders Lad Dawson and Mike Bowers now control the company, which keeps its headquarters in Boise.

“Our new ownership team brings the financial resources and strength to allow Guerdon to focus on multi-family, student housing, and affordable housing projects and to build on the legacy, leadership, and experience of its team in those markets, in addition to focusing on the hospitality markets,” new company CEO John Beddow said.

Beddow takes over for Jerry Goodwin, who joined Guerdon after the retirement of Dawson in 2017.

Innovatus Capital Partners, a New York City investment firm led the investment. The firm says it manages roughly $1.7 billion in assets, and focuses on “lower middle-market and middle-market companies” and says its typical deal size is in the $10 million to $50 million range. Terms for the Guerdon deal were not released.

- Story continues below ads -
116 & West
Regence

Guerdon is one of several local firms that focuses on modular building construction. It primarily builds hotel rooms at its Federal Way facility in Boise. The complete rooms then travel to project sites across the west where crews assemble them into finished hotels.

Guerdon says it built modular units for Mariott, Hilton and Hyatt hotels.

Local news. Locally owned. Supported by members.

Your membership makes these stories possible. Plus, you get our popular daily email with all our stories delivered straight to you.

Don Day
Don is the founder and editor of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow.

A month after purchase, Saltzer’s new owner will merge to form larger healthcare system

Salt Lake City-based Intermountain Healthcare announced last month it would buy the Treasure Valley's Saltzer Health. Now, just a...

SUEZ asks to increase residential and business rates; home increases could average nearly $80/year

SUEZ, the French company that delivers water to nearly 100,000 Ada County homes and commercial buildings, has...

In-N-Out Burger sets plan for Boise, but it will be a while still

It’s the question we get more than just about any other inquiry: When will the Boise area get an In-N-Out Burger?

Boise Startup Week ready to go – virtually, with a twist

Boise Startup Week is back this year, but this time it’s going virtual. In the spirit of 2020 the theme of this...

Popular

With hospitalizations surging, Little moves Idaho back to Stage Three

Idaho will move back to Stage Three of its reopening plan, Gov. Brad Little announced Monday. "Idaho is at...

In-N-Out Burger sets plan for Boise, but it will be a while still

It’s the question we get more than just about any other inquiry: When will the Boise area get an In-N-Out Burger?

A month after purchase, Saltzer’s new owner will merge to form larger healthcare system

Salt Lake City-based Intermountain Healthcare announced last month it would buy the Treasure Valley's Saltzer Health. Now, just a...

Boise State study gives new data-driven look at evictions in Idaho

BOISEDEV EXCLUSIVE Roughly 1,600 Idahoans were formally evicted from their homes in 2019, according to a new study from...
Tamarack Resort Q4 2020

Related

SERVPRO Certified

Latest

Boise restaurants prepare patios for colder weather

When the pandemic first struck Idaho, most restaurants shut down immediately. Some businesses modified their operations to...

With hospitalizations surging, Little moves Idaho back to Stage Three

Idaho will move back to Stage Three of its reopening plan, Gov. Brad Little announced Monday. "Idaho is at...

Boise gets first full-time hip hop station: Power 105.5

New York-based Townsquare Media launched a new radio station in the Boise area: Power 105.5 FM. The station replaces 105.5 The...

A month after purchase, Saltzer’s new owner will merge to form larger healthcare system

Salt Lake City-based Intermountain Healthcare announced last month it would buy the Treasure Valley's Saltzer Health. Now, just a...

SUEZ asks to increase residential and business rates; home increases could average nearly $80/year

SUEZ, the French company that delivers water to nearly 100,000 Ada County homes and commercial buildings, has...

Boise State study gives new data-driven look at evictions in Idaho

BOISEDEV EXCLUSIVE Roughly 1,600 Idahoans were formally evicted from their homes in 2019, according to a new study from...