- By: Kerri Edwards
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October 3, 2017 – KLH Capital is pleased to announce its portfolio company, BluSky Restoration (or “BluSky”), has completed the acquisition of Disaster One (or the “Company”), a privately-owned and operated restoration services company based in Greensboro, NC. Disaster One has been serving commercial and residential clients since 1977 with services ranging from simple water damage repairs to full building reconstructions after major fires. Today the Company has five offices throughout North Carolina, as well as Myrtle Beach, SC, Roanoke, VA, Tampa, FL, and Atlanta, GA.
“The merger brings together two exceptional restoration companies with common cultures and best-in-class customer service,” explains Chris Hart, Partner at KLH Capital. “It also substantially expands BluSky’s geographic footprint into a region where it can introduce its entire set of services.” Kent Stemper, CEO of BluSky, added, “We are excited to join forces with Disaster One and look forward to working with their team as we build the leading restoration, renovation, environmental, and roofing services company in the country.” KLH Capital financed the transaction in partnership with PNC Bank and Tree Line Capital Partners.
ABOUT KLH CAPITAL
KLH Capital is a fully capitalized SBIC private equity fund managing $320 million across three funds. We make majority and minority equity investments in value-added distribution, specialty service, and niche manufacturing companies based in the U.S. with at least $10 million of revenue and $2 million of EBITDA. During our nearly 30-year business tenure, we have completed more than 130 transactions giving us the experience and background to successfully nurture growing companies and create value for owners.
For more information about this transaction, please contact Chris Hart (email@example.com).