Chartwell is pleased to announce that Shawmut Design and Construction, a leading $2 billion national construction management firm, has acquired First Finish, a premier full-service hotel renovation contractor. This partnership combines Shawmut’s expertise in large, complex hotel projects with First Finish’s specialization in fast-track, luxury interiors. The acquisition of First Finish creates a unique all-in-one solution for clients, increasing scale and driving growth in Shawmut’s hospitality business.
Throughout the transaction, Shawmut and First Finish demonstrated a strong cultural fit, a shared passion for understanding client needs, and the vision and resources necessary to accelerate growth and create meaningful opportunities for both businesses.
First Finish will continue to pursue its own projects in addition to collaborative work with Shawmut. All First Finish employees will join Shawmut, a 100% employee-owned company. Chartwell was engaged to provide advisory services to Shawmut and its management team for the acquisition. Chartwell delivered diligence, valuation, and transaction structure insights, as well as strategic guidance, as Shawmut evaluated several aspects of the opportunity.
About Shawmut
Shawmut is a $2 billion national construction management firm with a reputation for completing extremely complex and logistically challenging projects. As a 100% employee-owned company, Shawmut has created a culture of ownership, proactive solution-making, and forward-thinking. Over 80% of its business comes from repeat clients, with a strong focus on building lasting partnerships. Shawmut has 11 offices, including New York, Boston, Los Angeles, Miami, West Palm Beach, and Las Vegas.
About First Finish
First Finish is a national, full-service general contractor with over 25 years of experience specializing in high-quality, on-time hotel and hospitality renovations. With offices in Columbia, MD, Irvine, CA, and Fort Lauderdale, FL, First Finish has worked with over 300 hotels to transform more than 100,000 guest rooms across the country. Guided by the core principle, Think Beyond The Build, First Finish is dedicated to creating lasting partnerships through innovative, client-centered solutions that reflect its deep commitment to environmental and social responsibility. The First Finish culture celebrates creativity, collaboration, and community impact, values that drive its team to exceed expectations and set new industry standards.
Chartwell Contact
For additional information on this transaction, please contact Matt Clark. To learn more about Chartwell’s corporate finance capabilities, please contact Greg Fresh.