BCT Capital LLC (BCT) recently acquired all outstanding stock holdings of SBS Construction (SBS), marking a pivotal step in SBS’s evolution by positioning the company for its next phase of growth and innovation in the construction sector.
SBS was founded in 1995 by Stephen Schiffman (currently president and chairman of the board) and David Morgan (executive vice president and COO) as a Boerne, Texas-based firm offering general construction, design-build, project management and development services, with a strong focus on the self-storage industry, including RV and boat storage. In conjunction with its wholly owned metal building subsidiary, Superior Metal Services, SBS delivers integrated construction solutions with a dedication to craftsmanship and exceptional client service.
BCT Capital LLC, led by Johnson and Raney, brings a track record of successful real estate development and construction management across various sectors and states. Their portfolio includes the renovation of the historic St. Anthony Hotel located in downtown San Antonio; the construction of the Hilton Canopy Hotel on the San Antonio Riverwalk; the Kinetic Concepts Inc. (KCI) headquarters; numerous Gunn Automotive Group facilities; multiple Riverwalk restaurants, the Harlingen Convention Center and Hilton Garden Inn; and the “1 Hotel” component of the 74-story mixed use Waterline project under development in Austin, Texas.
As part of the acquisition, BCT will collaborate with the existing SBS executive team who have retained an ownership in the company—Ted Culbreth, Larry Watts and John Maywald—to develop and lead the next generation of SBS leadership. Schiffman and SBS co-founder David L. Morgan, Executive Vice President and COO, will remain active in advisory and consulting roles during the transition period to ensure continuity and a seamless transfer of leadership and ownership responsibilities.
Clyde Johnson and Brandon Raney, founding principals of BCT, will begin assuming executive management responsibilities alongside the existing SBS Executive team. All members of the continuing SBS executive team are committed to upholding the company’s legacy of quality construction, client dedication, and industry expertise established by Schiffman and Morgan.
“After 30 years of building SBS into a respected and resilient construction company, Dave and I are proud to see it enter a new era under the stewardship of leaders who share our values and commitment to excellence,” said Schiffman. “We’re confident the new ownership team will continue the legacy we’ve built and take SBS to even greater heights.”
The completion of this acquisition marks a new chapter, forming a powerful platform for accelerated growth and innovation by combining SBS’s operational strength with BCT’s strategic vision and development expertise.
