KLH Capital is pleased to announce that it has successfully exited its investment in Blake and Pendleton (“B&P” or the “Company”). Allen King, CEO, and other key management of B&P partnered with Svoboda Capital Partners to recapitalize the business.
Founded in 1971 and located in Macon, Georgia, B&P supplies and services a broad range of equipment for the compressed air, pumping, heat transfer, and mineral processing industries. The Company also offers a broad range of sophisticated on-site and consultative technical services to industrial customers throughout the Southeast.
KLH originally invested in B&P in October 2007 in a recapitalization to support the retirement of the previous CEO. “Despite challenging economic times during the early course of the investment, B&P was able to grow significantly over the past five years. Allen and the Company’s management team were very successful in leveraging B&P’s leadership in the compressed air market to grow into new geographies,” said Will Dowden, Partner at KLH. “KLH was a great partner for B&P and helped us with a number of important projects, primarily the purchase and integration of acquisitions that we did over the past few years,” said Allen King, CEO of B&P.