Market Overview

Delos Capital Forms Edgard Construction Materials


Delos Capital ("Delos"), a private equity firm based in New York,
announced the formation of Edgard Construction Materials LLC ("ECM" or
the "Company") and its acquisition of the assets of Willow Bend
Ventures, LLC ("Willow Bend").

ECM acquired an approximate 1,200-acre tract of land in St. John the
Baptist Parish, Louisiana, situated between the Mississippi River to the
north and Louisiana Highway 3127 to the south, located approximately
forty miles west of New Orleans. The Company operates as a building
materials site, providing clay approved by the U.S. Army Corps of
Engineers ("USACE") as contractor furnished material, in addition to
other fill soils.

"We believe ECM is well positioned to serve as a value-added partner for
infrastructure and general construction projects," said Michael Rakiter,
Partner at Delos Capital.

Kenneth Picache, a partner of ECM, said, "We look forward to expanding
our operations to support the local economy and the state of Louisiana."

About Delos Capital

Delos Capital, founded in 2013, is a lower middle market private equity
firm specializing in management buyouts, recapitalizations, and growth

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