KLH Capital is pleased to announce that it has partnered with the management of Mid-State Machine and Fabricating Corporation (“Mid-State”) in a recapitalization transaction.
Headquartered in Lakeland, FL, Mid-State is a leading provider of outsourced fabrication, maintenance, and field services to the mining, chemical, power, and general manufacturing industries. Since its founding in 1973, Mid-State has grown into a complete industrial services organization serving the mission-critical needs of its customers across the country, and has expanded its facility into one of the largest machine and fabricating shops in the southeastern U.S.
“We were looking for an experienced partner that could support us in the next phase of the Company’s growth,” said Hal Kersey, owner and CEO. “KLH has already begun to add value by helping us successfully place a new CFO even before the transaction was closed.”
Hill Ward Henderson served as legal counsel to KLH in the transaction.