KLH Capital Completes Recapitalization of D&H United

Tampa, FL - February 2020 - KLH Capital (“KLH”) is pleased to announce it has partnered with the management team of D&H United Fueling Solutions, Inc. (“D&H United,” “D&H,” or the “Company”) to complete a recapitalization of the business.  D&H United, based in San Antonio, TX, is a leading turnkey service provider and distributor to the retail and commercial fueling industry primarily serving the Southwest U.S. markets.   With more than 230 employees, the Company provides maintenance, installation, and environmental services, as well as parts and equipment to a large customer base comprised of blue-chip fuel retailers, commercial clients, and governmental agencies.

“The combined resources of KLH and our industry expertise will allow D&H United to achieve even greater outcomes for our customers and vendors,” explained Bo Sasnett, CEO of the Company.  “KLH’s culture and values were important factors in bringing this partnership together and I am very excited to work with their team as we continue to scale our business.”

D&H United was formed in 2015 with the acquisitions of D&H Petroleum and United Pump Supply.  “Bo and his team have done an incredible job streamlining and growing D&H United and are well positioned to capture additional growth,” said James Darnell, Partner at KLH Capital.  “We look forward to working with the entire D&H team to build upon this foundation and accelerate growth.”

Bo and the senior leadership team will be shareholders in the new partnership with KLH. The transaction was financed together with Oxer Capital and CIBC.