Riverlake Partners LLC, a private-equity fund that focuses on growth investments typically with companies in the $20 million to $70 million value range, has made a majority equity investment in Guerdon Enterprises LLC, a producer of large, multi-unit modular commercial and residential buildings. Based in Boise, Idaho, Guerdon serves the Western U. S. and Canadian markets, has over 300 employees and generates more than $80 million in annual revenue. Riverlake, of Portland, Oregon, was joined in the investment by Main Street Capital Corporation of Houston, according to pehub.com. Founder and CEO of Guerdon, Laurence “Lad” Dawson, will remain as CEO, and as MHProNews has been informed, principals from Riverlake and Guerdon will serve on the board of directors. The amount of investment was not disclosed. ##

(Photo credit: Black Diamond–modular delivery)