Hillcrest Holdings Acquires Southgate Companies

On April 30, Hillcrest Holdings, parent company for CRST International in Cedar Rapids acquired SouthGate Companies, a family owned real estate investment, development and rental company with roots in Iowa City since 1962.

Hillcrest Holdings Vice President Ian Smith stated, "This is a long-term investment in a local company that shares our values of hard work, stewardship and making a difference in the community…We look forward to deepening our roots in the Corridor, and supporting the talented SouthGate team as they continue to build vibrant communities to live and work in."

The team of Simmons Perrine Moyer Bergman PLC attorneys assisting with this transaction were: Randy Scholer, Tom DeBoom, Dave Kubicek, Nick AbouAssaly, Matt Hektoen, Lynn Hartman, and Amanda D'Amico.

Read more about the transaction between SouthGate’s Braverman family and Hillcrest Holdings' Smith family in the Corridor Business Journal and Cedar Rapids Gazette.

About Hillcrest Holdings and SouthGate Companies.