Minnesota Attorney General Keith Ellison is alerting Minnesotans harmed by the abrupt closure of Minnesota Rusco what options they may have to recover funds paid to Rusco for work that was never completed. Attorney General Ellison’s alert comes after Minnesota Rusco, a home renovation company that operated in the state for 70 years, abruptly ceased all operations on October 29, 2025, leaving a large number of consumers who had signed contracts and paid sizeable deposits to Minnesota Rusco with unfinished work.
“Private equity firms should not be allowed to gamble with your hard-earned savings and then hide behind corporate structures to avoid accountability,” said Attorney General Keith Ellison. “I am outraged on behalf of the families across Minnesota who trusted this well-known, Minnesota company, only to have the rug pulled out from under them by private equity firms pulling strings behind the scenes. These firms’ relentless pursuit of short-term profit at the expense of Minnesota jobs, businesses, and families is deeply troubling and raises fundamental questions about how we treat consumers and regulate private equity.”