KLH Capital Exits BluSky

August 2018 – KLH Capital is pleased to announce that it has successfully exited its investment in BluSky Restoration Holdings, LLC (BluSky).  Kent Stemper, CEO, and other key members of BluSky’s senior leadership team have partnered with Dominus Capital to recapitalize the business.

Founded in 2004 and based in Centennial, CO, BluSky provides commercial, industrial, governmental, and multi-family restoration, renovation, environmental, and roofing services, with an emphasis on large losses and emergency restoration services across the continental United States and Puerto Rico.

“We appreciate the relationship we had with the KLH team,” says Kent Stemper, CEO of BluSky.  “They were involved with us during an important time in our growth path.  BluSky has now maintained 14 consecutive years of sustained growth, and we enjoyed the partnership approach that KLH took with our team along the way.  BluSky has an exciting future ahead and we look forward to working with Dominus over the coming years.”

In reflecting on the transaction, Chris Hart, Partner at KLH Capital, commented, “It was a real pleasure working with Kent and the leadership at BluSky.  They have built a spectacular business and a world-class team.  BluSky believes that a strong company culture is key to their success, and we were honored to witness this first hand."

Adding additional thoughts on the successful experience with BluSky, Will Dowden, Managing Partner at KLH Capital, reflected, “BluSky was a classic platform investment for us.  During our time of ownership, the company experienced significant growth through developing new locations and service lines, completing a transformative add-on acquisition, implementing new systems and technology, and putting key personnel in positions of leadership to drive the business forward.  This was a very successful partnership for us.”

 

For more information on KLH or its investment in BluSky, please contact Chris Hart (chris@klhcapital.com) or Will Dowden (will@klhcapital.com).

 

 

 

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