RJM Construction, a Minneapolis-based general contractor, has been purchased by its founders, Bob Jossart and Joe Maddy, from NorthMarq Companies, the real estate services holding company owned by the Pohlad family.
The sale was announced April 8. Terms were not disclosed.
RJM Construction was founded in 1997 by construction veterans Jossart and Maddy. The company was acquired by NorthMarq Companies (then known as Marquette Real Estate Group) in 2008.
“This brings us back to where we began, as an independent general contractor committed to serving our clients, and builds on our accomplishments during the past seven years under Pohlad ownership,” Jossart said, in a written statement. “Together, Joe and I founded the company and we are energized by the new opportunity this provides to us and to our people.”
No changes are anticipated at the three-city, 150-employee firm, and all current staffing plans remain unchanged. RJM Construction will continue to be led by Jossart as president, and Maddy as chief operating officer.
RJM Construction reported revenues of $214 million in 2014, with offices in Minneapolis, Denver and Phoenix.
