RYAN JOHNSON PURCHASES KELLY DORAN SHARES
The Company remains Minnesota’s largest Woman-Owned Construction Business Under Behrendt Leadership
Bloomington, MN (April 30, 2021) Ryan Johnson, CFO at Doran Companies, took a major step in his ownership stake today by purchasing Kelly Doran’s remaining shares in the 14-year-old real estate enterprise. Johnson’s purchase in the company makes him a 49% stakeholder. Johnson will remain Chief Financial Officer (CFO) under the new ownership structure. Anne Behrendt continues as a majority shareholder and Chief Executive Officer (CEO) with a 51% stake.
Johnson, who joined Doran Companies in 2008, has been an integral part of the company’s rapid growth. In 2019 Johnson and Behrendt acquired majority shares of the company. Nearly two years since taking over as majority owners, the company continues its growth through, diversification of deal structures to include equity partners, and certification as one of Minnesota’s largest women-owned businesses.
“Finalizing the ownership structure creates an opportunity for us to continue the exciting growth we have been recognizing at Doran Companies,” said Behrendt. “The purchase acknowledges Ryan’s commitment and confidence in the future of Doran.”
Behrendt’s role as a majority stakeholder and CEO makes Doran one of the largest women-owned general contractors in the country.
“This new ownership structure doesn’t change our focus. We are committed to creating new opportunities for growth, through transparency and trusted relationships. With our solid foundation and entrepreneurial drive, we are positioned well for continued success.” said Johnson.
Doran Companies’ scope of services remains the same under the new ownership structure. Development, architecture, construction, and special projects continue to be deployed under the Doran moniker. Property management is delivered through recently formed Whitecap Management.
About Doran Companies
Doran Companies is one of the upper Midwest’s fastest-growing real estate development firms and a certified Women Business Enterprise National Council (WBENC) company. Doran Companies provides trusted leadership and services in development, architecture, construction, and property management through Whitecap Management. With offices in Minnesota and Colorado, Doran’s team of industry professionals is responsible for a portfolio of premier properties. Over the past decade, Doran Companies has developed, designed, or built more than 35 luxury multi-family and mixed-use projects in Minnesota, North Dakota, and Colorado. With more than 150 employees Doran Companies has received numerous industry awards, from “Best Place to Work”, “Best of Business” to “Best Large Contractor” – Doran’s partners and peers recognize its commitment to quality and its trusted position in the marketplace. For more information about Doran Companies visit dorancompanies.com.