Like many of you, KLH rings in the new year by celebrating its achievements and committing to new goals.  2016 brought significant growth to our firm and we are thankful for the many partnerships that made it possible. As we endeavor to build upon our success in 2017, we wish to recognize our most notable 2016 achievements.   We look forward to working with you as we achieve new milestones in 2017.   ABOUT KLH CAPITAL KLH Capital is a fully capitalized SBIC private equity fund managing $320 million across three funds.  We make majority and minority equity investments in…

KLH Capital is pleased to announce it has partnered with the management team of Q Research Solutions, Inc. (“QRS” or the “Company”) to complete a management buyout.  Based in Old Bridge, New Jersey, Q Research Solutions is a leading provider of sensory and consumer product research for Fortune 500 and other blue-chip customers in the food and beverage, health and beauty, and fragrance industries.  The Company is especially known for its expertise in the fragrance category, a market it has served for over 20 years. Consolidation within the consumer products industry has required companies to continually innovate to remain competitive,…

KLH Capital (“KLH”) is pleased to announce it has completed fundraising for KLH Capital Fund III, L.P. (“Fund III”) with $155 million in committed capital.  In addition, KLH is delighted to welcome Josh Kuder as the newest partner with the firm. KLH launched Fund III earlier this year with $135 million of commitments  in the first close.  Fund III made its first investment in May 2016 with the recapitalization of BMI Merchandise, a distributor of redemption and prize merchandise to family entertainment centers across the country.  “The final closing represents the strong confidence our limited partners have in our investment…

KLH Capital (“KLH”), a lower middle-market private equity firm based in Tampa, FL, is pleased to announce it has completed its first closing for its third SBIC-licensed fund, KLH Capital Fund III, L.P. (“Fund III”), with $135 million in committed capital.  Consistent with the firm’s successful eleven-year investment history, Fund III will focus on U.S. based businesses in the value added distribution, specialty service and niche manufacturing industries with at least $10 million of revenue and $2 million of EBITDA. In addition to KLH Capital’s traditional control investments, the new fund will incorporate a non-control, growth equity strategy.  “We are…

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…

KLH Capital is pleased to announce it has partnered with the founders of Bonita Marie International (“BMI Merchandise” or the “Company”) to complete a recapitalization of the company.  Based in Lakewood, New Jersey, BMI Merchandise is a leading distributor of merchandise used in redemption centers, direct-pay games, tickets or points-to-prizes games, and prize hubs located in family entertainment centers (“FEC”), amusement arcades, bowling centers, restaurants, cruise ships, movie theaters, theme parks, skating centers and sports complexes.  BMI Merchandise’s proprietary information technology infrastructure allows customers to monitor and manage store inventory, automate merchandise restocking, and collect data required for ongoing merchandising…

KLH Capital is pleased to announce that its portfolio company, Mid-State Machine and Fabricating, Inc. (“Mid-State”) has completed the acquisition of International Machine & Welding, Inc. (“IMW”). The purchase of IMW enables Mid-State to develop a dedicated pump rebuilding facility and increase its overall fabrication capacity. The IMW purchase also gives Mid-State the distinction of having the largest boring mills in the entire Southeast, which is critically important to the company’s commitment to servicing its customers large pump rebuilding needs. Mid-State CEO, Hal Kersey, explained, “the addition of IMW significantly increases our pump business and eliminates congestion in our general…

Lakeland, FL, May 31, 2016 – URETEK Holdings, a full-service provider of geotechnical construction and infrastructure rehabilitation services, announced today that it has officially changed its name to Ground Works Solutions, Inc. The new name illustrates the company’s commitment to building upon its current products and services as well as expanding its offerings to meet the challenges of an ever-changing marketplace. A new logo, marketing message and website (www.groundworkssolutions.com) has been unveiled. “The new logo reflects all aspects of the earth strata that we can strengthen and restore,” said Richard Kelecy, CEO at Ground Works. “The name change better reflects the fact that we…

Like many of you, KLH Capital welcomes the new year as an opportunity to reflect upon the prior year’s success and commit to new goals. 2015 was a highly productive year for KLH Capital. We invested in three new businesses, exited our first investment in KLH Capital Fund II and added some great new folks to the team. We did it with your trust and partnership and we thank you for the support.  As we plan for 2016 and resolve to build upon nearly 30 years of investment history, let’s first celebrate 2015’s achievements. In April, we welcomed Ronald Moore as an associate…