MADISON, Wis. — Lubar & Co. has acquired ERDMAN Company, headquartered in Madison, Wis. With seven offices across the country, ERDMAN is one of the nation’s leading healthcare planning, development and design-build firms, partnering with hospitals, integrated health systems and physician groups to provide optimal healthcare facility solutions.
The acquisition was completed by Lubar & Co., in partnership with Brian Happ, ERDMAN president and CEO, and members of the management team. The company was sold in connection with the sale of its parent, Cogdell Spencer, based in Charlotte, N.C., to Ventas, a large, diversified Real Estate Investment Trust, headquartered in Chicago, Ill.
Founded in 1951 by Marshall Erdman, the ERDMAN brand has been synonymous with superior integrated healthcare facility design and construction. Since 1951, ERDMAN has completed more than 4,600 facilities, where more than 55,000 physicians have delivered healthcare to patients and communities. The company collaborates with healthcare leaders and organizations to create inspired, efficient and patient-centric environments that advance the quality, safety and cost effectiveness of patient care.
“I look forward to working with Lubar & Co. as we aggressively pursue our vision for the future. We are a well-capitalized company that will continue to play an important role in our country’s delivery of healthcare,” said Brian Happ. “The unique complexities of the rapidly shifting healthcare landscape require complete focus and specialized experience. We have a highly engaged, talented workforce ready to execute on our long-term strategies that will better serve our clients and the healthcare market.”
Lubar & Co. brings more than 40 years of investment experience and a record of success with portfolio companies in diverse industries in various stages of development.
About Erdman Company
At ERDMAN, we care passionately about our clients and are solely committed to the healthcare industry. Our clients count on us as a trusted partner in defining their healthcare delivery strategies and developing innovative facilities solutions that help them achieve their business objectives. It is our mission to collaborate with healthcare leaders and organizations to create inspired, efficient, and patient-centric environments that advance the quality of care.