Rival Holdings launches construction-focused investment firm
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Fort Wayne-based Rival Holdings has launched Defy Investments, an investment and management company specializing in acquiring and growing commercial and residential construction companies.
Acquired by Rival Holdings in June 2024, Laux Construction will join Defy’s portfolio. The new company aims to redefine industry standards by emphasizing innovation and integrated solutions across a diverse portfolio.
Rival has hired David McDonald as Defy’s president. He most recently served as Rival’s vice president of mergers and acquisitions and has more than 15 years of construction industry experience.
“I am deeply committed to building a company that prioritizes people, embraces fresh perspectives and operates with strategic purpose,” McDonald shared. “At Defy, our vision is to build more than just structures; we’re creating lasting value for our clients, partners and communities.”
With more than two decades of experience, Michigan-based Laux is expected to enhance Defy’s portfolio and expand the firm’s reach in the Greater Lansing area. Defy plans to partner with construction companies that share its dedication to people, innovation and strategic execution.
“Defy is more than an investment initiative; it’s a commitment to advancing the construction industry through partnerships that bring fresh ideas, adaptability and real-world impact,” Rival Holdings CEO Brad Crawford stated. “We’re excited to support innovative companies that not only lead but redefine what’s possible in residential and commercial construction.”