Tampa, Florida – February 1, 2019 – KLH Capital is pleased to announce it has partnered with the management team of Shenandoah Industrial Solutions, LLC (“Shenandoah Industrial Solutions” or the “Company”) to complete a recapitalization of the business. Through the Company’s two divisions, Shenandoah and Shen-Line, Shenandoah Industrial Solutions has been a respected provider of storm drainage system inspection, cleaning, and CIPP rehabilitation serving municipalities and commercial customers in Florida since its founding in 1976.
Under the leadership of President Daniel DiMura, the Company has expanded its operations into West Florida and North Florida, while growing its employee base to support one of the largest fleets in the state. Having partnered with the Company in 2013 to start the Shen-Line division, Vice President Louis Woska has capitalized on his significant CIPP experience to develop Shen-Line into a leader in trenchless pipeline repair within Florida. Throughout the Company’s history, it has focused on serving the needs of each customer, with an emphasis on developing long-term relationships.
“Daniel and his team have done an amazing job growing Shenandoah Industrial Solutions into one of Florida’s premier providers of industrial services, maintaining Florida’s coastal storm sewer and pipeline infrastructure, which is critical because of the region’s topography and rapid rate of population growth,” said Will Dowden, Partner at KLH Capital. “KLH is excited to partner with the Company as they build upon four decades of success.”
Daniel DiMura added, “We chose to partner with KLH Capital because of their extensive experience in crew-based, industrial service businesses, as well as their commitment to support our team throughout the process. We look forward to working with KLH as Shenandoah executes its plans for increased growth and expansion.”
Daniel and certain members of the management team will be shareholders in the new partnership with KLH. The transaction was financed together with Plexus Capital Partners and Valley National Bank.
For more information about this transaction, please contact Will Dowden ([email protected])