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Pinewell Capital acquires majority stake in Dickens Quality Demolition

IBG Fox & Fin • Dec 24, 2021

Private equity firm Pinewell Capital has acquired a majority interest in Phoenix-based Dickens Quality Demolition, LLC, one of the Southwest's largest demolition contractors.

IBG Fox & Fin (Scottsdale) facilitated the acquisition, the terms of which are not disclosed at the parties’ requests. Managing director Jim Kuykendall (left) led the IBG Fox & Fin transaction team.

Founded in 1997, Dickens Quality Demolition provides demolition, wrecking and saw-cutting solutions for projects in Arizona and throughout the Southwest. Recent Dickens demolition projects include Paradise Valley Mall and the Phoenix Suns Arena (now Footprint Center).

Dickens is retaining its management and staff and will continue to operate at its long-time location on 19th Avenue south of Interstate 10.

“I made the decision to partner with Pinewell Capital after very careful consideration and nearly a year of getting to know Pinewell and its owners,” said company founder Richard Dickens, who will continue as president. “The additional support, resources, and relevant knowledge that Pinewell brings to the table will provide a force multiplier to continue and accelerate our leading position in the industry.”

Scottsdale-based Pinewell Capital invests in and partners with companies in operationally intensive sectors that provide services to businesses and governments. Since its founding in 2015, Pinewell has made seven investments, five of which are controlled positions. In each acquisition, Pinewell has retained the acquired company’s management team and employee base.

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