The Berg Group
Overview
| Size |
$30 Million Senior Secured Credit Facilities |
|---|---|
| Client & Transactional Partners |
The Berg Group Kava Equity Partners Southern Ute Indian Tribe |
| Our Role |
Sole Lender |
Summary
On February 1, 2026, KeyBanc Capital Markets, Inc. (KBCM) successfully closed $30 million Senior Secured Credit Facilities for The Berg Group. The proceeds will support Kava Equity Partners’ acquisition of The Berg Group and pay related transaction fees and expenses. Kava is a portfolio company of the Southern Ute Indian Tribe Growth Fund.
KBCM was selected to serve as Sole Lender due to its transaction experience and its long-standing relationship with the Southern Ute Indian Tribe and its Growth Fund.
The Berg Group
Founded in 1967, and based out of Minnesota, The Berg Group has grown from a local drywall operation into a national multi-scope specialty services provider, offering integrated solutions across pre-construction services, prefabricated product installation and framing and finishes.
Kava Equity Partners & The Southern Ute Indian Tribe Growth Fund
Kava Equity Partners is the direct private equity investment group for the Growth Fund and strategically invests in lower middle market businesses. Kava seeks to make equity investments in companies that are aligned with Southern Ute Indian Tribe’s cultural, environmental, and economic values. Established as part of the Tribe’s modern economic strategy in the late 1990s, the Southern Ute Growth Fund was formed in 2000 and is headquartered on the Southern Ute Indian Reservation in Southwestern Colorado. The Growth Fund manages the business investments of the Southern Ute Indian Tribe.
Southern Ute Indian Tribe
The Ute people are the oldest continuous residents of what is today the state of Colorado. Historically a loose confederation of 10 bands, the Mouache and Caputa bands make up the present-day Southern Ute Indian Tribe. In the 1950s, natural gas was discovered on the Southern Ute Indian Reservation. Nominal royalty payments collected from the 1950s through the 1980s did little to support tribal members. In the 1980s, in pursuit of economic and cultural self-determination, the Tribe created its own gas production company. From that initial investment, the Tribe has grown and diversified its holdings across multiple industries. Today, the Tribe is the largest employer in La Plata County, Colorado, maintains the AAA credit rating, and oversees a thriving investment portfolio with assets in 14 states and the Gulf of America.
KeyBanc Capital Markets is a trade name under which the corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., Member FINRA/SIPC (“KBCMI”), and KeyBank National Association ("KeyBank N.A."), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. Banking products and services are offered by KeyBank N.A.
