KLH Completes Exit from ANS Distributing

KLH Capital is pleased to announce that it has exited its investment in ANS Distributing through a sale of the company to Jones & Frank, the premier provider of fueling system solutions in the United States.  With the combined capabilities of these two leading companies, Jones & Frank has unequaled scale and resources in the petroleum equipment industry to better serve customers’ fueling equipment needs across North America.

KLH Capital purchased ANS Distributing in November 2012 through a management buyout of the retiring founder.  “We are very grateful to the management team for their excellent stewardship of the company during our investment period.  We wish them nothing but the best of luck with their new partners,” said Will Dowden, Partner with KLH Capital.

“I am extremely proud of what ANS has accomplished to date and how we have been able to earn a position as a valued partner to many of the largest fuel marketers in the US” said John Sauers, President of ANS Distributing. “I believe that becoming part of Jones & Frank will provide great opportunities for our customers and our employees.” John Sauers will serve as President of ANS Operations and Executive Vice President for Jones & Frank.  Jones & Frank is a is a privately held company majority-owned by MidOcean Partners, a New York based private equity group.


KLH Capital is a fully capitalized SBIC private equity fund managing $300 million across three funds with a focus on value added distribution, specialty service and niche manufacturing companies based in the U.S. with more than $10 million of revenue and at least $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 Will Dowden (wdowden@klhcapital.com).