Rival Holdings named David McDonald as vice president of mergers and acquisitions.

“David is the right leader to advance our mission of transforming the industry,” Brad Crawford, CEO of Rival, said in a prepared statement. “His values and dedication to reshaping the built world align perfectly with ours, and we are thrilled for him to join the team.”

Most recently, McDonald served as the director of private equity for Ambassador Enterprises. In the role, his involvement focused on the company’s merger and acquisition activity and its relational and business development efforts. He also worked for 15 years with Do it Best, helping the company’s global reach, opening new markets in Indonesia, South Korea, Cambodia, and Saudi Arabia.

In his new role with Rival Holdings, McDonald will lead merger and acquisition activities, driving growth and expansion through strategic acquisitions, joint ventures, partnerships, greenfielding, and divestitures.

“I am honored to be a part of the talented and forward-thinking Rival team,” McDonald said. “The built world is in need of disruption and innovation, and it is exciting to be part of a team that is highly focused on investing in the future. Through M&A, we have the opportunity to strategically construct this future, all while living out our values and making a positive impact on those around us.”

Rival Holdings launched in 2023. The company invests in organizations in the built ecosystem, with “the collective goal of catalyzing innovations that actively transform the industry.”