- November 27, 2024
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LAKEWOOD RANCH — Kjims Development Co. LLC, with a specialty in luxury homebuilding and multifamily projects in Lakewood Ranch and Siesta Key, has acquired Bonita Springs-based Mac Contractors.
Terms of the deal weren't disclosed. Lakewood Ranch-based Kjims will now take on projects in Marco Island and Naples, in addition to Manatee and Sarasota counties. “We are going to be looking for ways to do things better and different,” Mac Contractors founder Jon MacDonough says in an interview today with the Business Observer. “We want to serve our customers better than typical builders.”
MacDonough, who will oversee the firm's expansion into new markets, according to a release, founded the firm in 2000. It works mostly in the luxury homebuilding and renovation market in Naples and Marco Island. The firm, says MacDonough, also grew a business line in remediation work during the downturn. It had about $5 million in annual sales and 35 employees at its peak.
Kawaljit “Tony” Singh founded Kjims Development. “This was an important step in positioning our company to provide a vertically integrated suite of services with improved communications, quality control and budget analysis our clients can directly benefit from,” Singh says in the release.