Pompano Beach, FL – October 2020 – Shenandoah Industrial Services (“Shenandoah” or the “Company”) is pleased to announce the acquisition of Bay Area Environmental Services (“Bay Area”), a water utility services company providing critical water and sewer pipeline cleaning, testing, and restoration services to corporate and industrial customers as well as city, state, and federal governments in Tampa Bay and surrounding West Central Florida markets. The acquisition gives Shenandoah a meaningful presence in neighboring territories and adds new customers further diversifying revenues.
Based in Gibsonton, FL, founder Jerry Lemanski has established Bay Area as a leader in the pipeline inspection, restoration, and maintenance industry over its four-decade history by safely completing routine and specialized pipeline restoration services including: slip lining, CIPP, spot repairs, chemical grouting and sealing, pipe bursting, and manhole assessment and rehabilitation.
“Bay Area’s service capabilities, reputation for safety, and knowledgeable tenured staff align perfectly with our business and we are excited to welcome their team to the Shenandoah family,” said Danny DiMura, President of Shenandoah. “The acquisition strengthens our presence across the state of Florida, adding experienced employees and longstanding customer relationships.”
In February 2019, KLH Capital partnered with Shenandoah’s management team to recapitalize the Company’s founders and continue building upon its legacy. “Shenandoah’s services are critical to maintaining Florida’s coastal storm sewer and pipeline infrastructure, especially as the state’s population grows, and we are excited to support the Company’s expansion,” said Will Dowden, Partner at KLH Capital.
Shenandoah Industrial Solutions has been a respected provider of storm drainage system inspection, cleaning, and CIPP rehabilitation for municipalities and commercial customers in Central Florida and along Florida’s eastern coastline since 1976. The Company’s large fleet of trucks, breadth of equipment, leading technology, and veteran employees make it a reliable turnkey solutions provider for its customers. Shenandoah seeks to acquire additional businesses in territories throughout Florida, Georgia, and South Carolina that add strategic value and match its high-quality performance and scope of services.
Danny DiMura added, “KLH’s partnership has been instrumental in helping us build our organization and they were especially valuable in completing this transaction, which was a complex, time-intensive endeavor. We are grateful to have them as partners.” Half of KLH’s current portfolio is made up of crew-based, industrial service businesses, giving KLH extensive knowledge to be a value-added partner to Shenandoah’s leadership team.
For more information about this transaction, please contact Will Dowden (firstname.lastname@example.org).