The Larry H. Miller Group

What The Larry H. Miller Group does

The Larry H. Miller Company (legal entity LHM, Inc., founded May 1, 1979) is a privately held family investment firm headquartered in Sandy, Utah, that owns and operates a diversified portfolio of business platforms spanning real estate, senior healthcare, sports and entertainment, and consumer investments. The company is controlled by the Miller family, with Steve Miller as Chairman of the Board, Greg Miller as Vice Chairman, and Steve Starks as CEO; Gail Miller remains majority owner and immediate past chair. Core operations are organized into four platforms: Larry H. Miller Real Estate (Daybreak master-planned community, Destination Homes, Downtown Daybreak, The Power District); Larry H. Miller Senior Health (Advanced Health Care, Advanced Home Health and Hospice, Aspen Ridge, Advanced Senior Care, Kissito Healthcare); Miller Sports + Entertainment (Real Salt Lake, Utah Royals FC, Salt Lake Bees, Megaplex Theatres); and LHM Investments (Swig franchise beverage brand, Prestige consumer finance, TaylorMed MRI, Nano Yield, RunBuggy, plus minority growth investments).

Revenue is generated through multiple models: real estate transactions (home sales, lot sales, commercial development), managed services (skilled nursing, rehabilitation, home health, hospice, assisted living), sports and entertainment transactions (ticket sales, broadcasting, sponsorship, concessions), franchise fees and royalties (Swig franchise network at 150+ locations across 16 states), and dealer-channel financial services (Prestige Financial). The company employs 10,000+ people (per 2013 milestone, the most recent disclosed figure), operates across 13 US states, and self-describes as a 'multi-billion-dollar organization.' Capital allocation is supported by patient family capital without external institutional investors, enabling long-duration projects such as the $3.5B+ Power District mixed-use development in west Salt Lake City and a 1,300+ acre master-planned community at Daybreak.

Name

The Larry H. Miller Group

Legal name

LHM, INC.

Website

https://lhm.com

Company type

Private

Founded year

1979

Operating status

Operating

Short description

The Larry H. Miller Company is a family-owned investment firm operating diversified business platforms across real estate development, senior healthcare, sports and entertainment, and consumer investments, serving residential buyers, senior patients, sports fans, and franchisees primarily across the western United States.

Ownership category

akta.pro rank

Product category

Diversified Holding Company

NAICS

Offices of Other Holding Companies (551112)

SIC

Real Estate Agents & Managers (For Others) (6531), Non-Operating Establishments (9995)

akta.pro primary industry

Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)

Keywords

• Real estate development
• Senior healthcare services
• Sports and entertainment
• Family investment firm
• Consumer beverage franchising

Headquarters

HQ city

Utah

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Technology or R&D, Others

Revenue model

1. Real Estate Development: Revenue from home sales, lot sales, commercial real estate development, property management, and land development across master-planned communities and mixed-use developments
2. Senior Healthcare Services: Revenue from skilled nursing, transitional rehabilitation, home health, hospice, and senior living facilities and services
3. Sports and Entertainment: Revenue from professional sports team operations, ticket sales, broadcasting rights, sponsorship, venue concessions, and movie theater operations
4. Consumer Finance: Prestige Financial provides consumer financial solutions to franchised and independent automobile dealerships across the United States
5. Beverage Retail and Franchising: Swig beverage brand operates company-owned stores and franchise locations generating revenue from drink sales, with scalable franchise model

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

The Larry H. Miller Company is a family investment firm that owns and operates a diversified portfolio of business platforms spanning real estate development (master-planned communities, home building, commercial real estate), senior healthcare services (skilled nursing, rehabilitation, home health, hospice, assisted living), sports and entertainment (professional sports teams, minor league baseball, movie theaters), consumer brands (Swig beverage retail and franchising), and strategic financial investments. The company fundamentally functions as a holding and operating company that develops, acquires, and manages operating businesses across the western United States.

Differentiator

Problem solved

Functional benefit

Brands

• Daybreak: Award-winning master-planned community in South Jordan, Utah featuring residential, commercial, and recreational developments
• Downtown Daybreak
• The Power District
• Destination Homes
• Swig
• Megaplex
• Big League Utah
• Advanced Health Care
• Advanced Home Health and Hospice
• Aspen Ridge
• TaylorMed MRI
• Prestige
• Nano Yield
• RunBuggy
• Miller Sports + Entertainment
• Larry H. Miller Senior Health
• Larry H. Miller Real Estate
• The Ballpark at America First Square

Products and services

• Daybreak Master-Planned Community Award-winning master-planned community in South Jordan, Utah featuring integrated residential, commercial, and recreational developments for homebuyers and commercial tenants.
• Destination Homes Northern Wasatch home builder offering residential construction services within the Daybreak community and surrounding Utah markets.
• The Power District

Quantifiable outcome

• Advanced Health Care facilities recognized as Best Nursing Homes for 2025 by U.S. News & World Report
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Daniels FundcoreGTM or Marketing Partner · 5 June 2026Daniels Fund co-sponsor of inaugural Utah Youth Sports Giving Day with Miller Sports + Entertainment and Larry H. & Gail Miller Family Foundation. Initiative addresses youth sports accessibility.
• Maverik - Adventure's First StopminorGTM or Marketing Partner · 13 April 2026Maverik co-sponsor of Great Salt Lake Rising initiative alongside Larry H. & Gail Miller Family Foundation for Great Salt Lake conservation efforts.
• Field OperationscoreStrategic or Co-development Partner · 26 February 2026World-renowned landscape architecture and urban design firm selected as lead for Jordan River restoration at the Power District. Field Operations is recognized for High Line in New York City, Waterfront Seattle, San Francisco's Presidio Tunnel Tops and Domino Park in Brooklyn.
• Intermountain FoundationminorGTM or Marketing Partner · 1 January 2026Gail Miller joins Intermountain Foundation Board of Trustees to support major healthcare campaigns.
• Shelter the HomelessminorGTM or Marketing Partner · 11 December 2025Shelter the Homeless received $10 million anchor gift from Gail Miller and Larry H. & Gail Miller Family Foundation to support homeless initiatives in Utah.
• Rocky Mountain PowercoreStrategic or Co-development PartnerRocky Mountain Power state-of-the-art 10-story, 300,000 sq. ft. corporate campus under construction at the Power District. Key anchor tenant for the 100+ acre mixed-use development.
• Jordan River CommissionminorStrategic or Co-development PartnerJordan River Commission collaborates on Jordan River restoration planning and one-mile loop development at the Power District. Organization represents stakeholders working to improve the river ecosystem.

Scale indicators7 records

Recent moves8 records

Expansion highlights8 records

Direct peers

• FivePoint Holdings: Master-planned community developer of Great Park Neighborhoods (Irvine, CA) and Valencia. Highly comparable to LHM's Daybreak platform; FivePoint was actually the original developer/manager of Daybreak before Värde Partners took over and subsequently sold to LHM in 2021.
• Cinemark Holdings: Third-largest US movie theater chain. Closest direct peer to LHM's Megaplex Theatres (18 locations, 195 screens in Utah/Southern Nevada); both compete in the same exhibition category and face the same streaming, attendance, and concession economics.
• The Ensign Group: Public skilled nursing and post-acute care operator that has grown aggressively through decentralized acquisitions. Closest operator peer to LHM Senior Health's Advanced Health Care, Advanced Senior Care, and Kissito facilities across skilled nursing, assisted living, and home health/hospice.
• Kroenke Sports & Entertainment: Privately-held, family-controlled (Stan Kroenke) sports and real estate empire spanning the LA Rams, Arsenal, Denver Nuggets, Colorado Avalanche, and extensive Colorado real estate. Closest structural peer to LHM's combination of sports ownership (Real Salt Lake, Utah Royals FC, Salt Lake Bees) and integrated real estate development.
• Howard Hughes Holdings: Public master-planned community developer (The Woodlands, Summerlin, Bridgeland, Downtown Columbia, Ward Village) operating at scale. Closest direct peer to LHM Real Estate's Daybreak and Power District business; both companies develop large-scale, mixed-use, amenity-rich communities integrating residential, commercial, and entertainment uses.
• Dutch Bros: Public drive-thru beverage franchise that has scaled to 900+ locations across 18+ states with a small-footprint, high-throughput operating model. Closest comparable to Swig's franchise system (150+ drive-thru locations across 16 states) on unit economics, growth strategy, and target customer.

Broad incumbents

• The Wonderful Company: Privately-held, family-controlled (Stewart and Lynda Resnick) diversified business spanning Fiji Water, POM Wonderful, Wonderful Pistachios, Halos, and Teleflora. Comparable to LHM's structure as a private, family-owned, multi-generational investment firm operating unrelated consumer and real estate platforms under patient capital.
• Brookdale Senior Living: Largest US senior living operator (independent living, assisted living, memory care). Former Brookdale CEO Cindy Baier now serves on LHM's board. Comparable to LHM's Aspen Ridge and Advanced Senior Care business lines, though LHM's senior care portfolio is smaller and more post-acute/skilled-nursing weighted.
• Cox Enterprises: Privately-held, family-controlled (Cox family) conglomerate spanning media (Cox Media Group), automotive services (Cox Automotive), and communications (Cox Communications). Analogous structurally to LHM as a multi-generational, family-owned investment firm with diverse operating platforms and long-duration capital.
• Related Companies: Large, family-controlled (Stephen Ross) real estate developer with mixed-use, affordable housing, and stadium-anchored developments (e.g., Hudson Yards, The 78). Comparable to LHM Real Estate's master-planning and large-scale mixed-use execution at the Power District scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/theLHMcompany
• Facebookfacebook.com/theLHMcompany
• LinkedInlinkedin.com/company/the-larry-h-miller-company
• Instagraminstagram.com/thelhmcompany

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Larry H. Miller Group