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Jackson Infrastructure Services

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Sector

Industrial Services

Industry

Utilities and Infrastructure

Transaction Type

Majority Recapitalization

Status

Current Investment

Business Description

Headquartered in West Jordan, UT, a suburb of Salt Lake City, Jackson Infrastructure Services ("JIS") is a leading utility and infrastructure service provider to the telecommunications, power, gas, milling, and other infrastructure markets across the West and Southwest regions of the U.S. JIS was formed when KLH partnered with the owner of B. Jackson Construction and Engineering to recapitalize the business and certain affiliates. Since its founding in 1997, the company has cultivated relationships with top-tier telecom and utilities customers based on its award-winning excellence in project execution, outstanding safety record, and quality of work.

Transaction Overview

The owner of the company wished to create liquidity to diversify his wealth and identify a capital partner to support clear growth opportunities. KLH structured an investment that gave the owner partial liquidity for diversification and established a capital structure that provided capacity for growth.

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Insulations Incorporated

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Sector

Industrial Services

Industry

Industrial Plants

Transaction Type

Recapitalization

Status

Current Investment

Website

Lead Partner

Business Description

Headquartered in New Orleans, LA, with branches across the Gulf Coast, Insulations, Inc. is a leading industrial services provider with expertise in insulation, fireproofing, heat tracing, painting and coating, refractory, scaffolding, and abatement services for customers in the LNG, refining, chemical, gas processing, power, pulp and paper, general industrial, and marine industries, often working alongside the largest and most reputable industrial general contractors in the U.S. and abroad. Since its founding in 1970, Insulations has cultivated top-tier industry relationships with leading project owners and general contractors based on its thought leadership, project execution excellence, unrivaled safety record, and quality work product.

Transaction Overview

The owner of Insulations wished to create liquidity to diversify his wealth, reduce personal financial risk, and identify a capital partner to unlock certain growth opportunities. The owner also wished to provide ownership to key managers and begin developing a succession plan. KLH structured an investment that gave the owner partial liquidity for diversification, offered equity to key managers, and established a capital structure that removed personal guarantees and provided capacity for growth.

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D&H United

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Sector

Industrial Services & Value-Added Distribution

Industry

Retail Fueling Industry

Transaction Type

Management Buyout

Status

Current Investment

Lead Partner

Business Description

Based in Houston, Texas, D&H United Fueling Solutions is leading, turnkey service provider and distributor to the retail fueling industry primarily serving the South and Southwest markets. With more than 270 employees, the company provides maintenance, installation, and environmental services, as well as parts and equipment to a large customer base comprised of blue-chip fuel retailers, commercial clients, and governmental agencies.

Transaction Overview

KLH partnered with the management team of D&H United Fueling Solutions to recapitalize the business. The transaction provided partial liquidity to key managers and full liquidity to Third Century, an independent sponsor that facilitated the acquisition of D&H United Fueling Solutions by the management team in 2015.

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ElectriCom

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Sector

Industrial Services

Industry

Telecommunications & Utility Services

Transaction Type

Minority Recapitalization

Status

Current Investment

Business Description

ElectriCom is a leading provider of aerial, underground, wireless, and right-of-way installation and maintenance services to the telecommunications and utility industries across the United States. The company serves national carriers, municipalities, local exchange carriers, and member-owned cooperatives, and is a trusted partner in the deployment of fiber-optic and other broadband connectivity solutions alongside power and gas mainline services.

Transaction Overview

Management of this privately held business wished to partner with a growth-oriented financial sponsor who could help achieve the company’s goals. KLH Capital structured a transaction to facilitate a partial liquidity event for the current shareholders while providing capital to support management’s growth initiatives.

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Shenandoah Industrial Solutions

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Sector

Industrial Services

Industry

Infrastructure Services

Transaction Type

Management Buyout

Status

Current Investment

Business Description

Shenandoah Industrial Solutions provides inspection, cleaning, and remediation services for storm drainage, sewer, and other piping systems for municipal and commercial clients. Shenandoah’s highly-skilled crews also offer CIPP lining, a trenchless pipe repair solution that extends the life of aging pipeline infrastructure without disrupting the surrounding area. Founded in 1976, the company has expanded its operations and grown its fleet to serve municipalities and commercial customers across Florida helping maintain the state’s coastal storm sewer and pipeline infrastructure.

Transaction Overview

KLH Capital partnered with the management team of Shenandoah Industrial Solutions to complete a recapitalization of the business.

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Curion

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Sector

Industrial Services

Industry

Consumer Product Research

Transaction Type

Management Buyout

Status

Prior Investment

Business Description

Curion is the result of the merger of two leading sensory evaluation and consumer product research companies, Q Research Solutions and Tragon Corp. Curion has pioneered many of the sensory methodologies considered industry standards today over the course of its 65 year heritage. The Company serves Fortune 500 and other blue-chip customers in the food & beverage, personal care, fine fragrance, and home & fabric care industries utilizing its testing facilities in San Francisco, Chicago, Dallas, and New York City and proprietary technology called RedJade®, a web-based, real-time data collection system.

Transaction Overview

In 2016, KLH sponsored the management team of Q Research Solutions (“QRS”) to facilitate the buyout of the company’s founder and support management’s vision to become a leading research company with a national footprint. In 2017, KLH supported the merger of QRS with Tragon Corporation to meet the growing needs of the country’s leading consumer product companies with expanded research and collection capabilities and additional testing facilities. The combined firms underwent a comprehensive rebranding and, in 2018, introduced Curion as its new corporate name.

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BluSky Restoration

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Sector

Industrial Services

Industry

Emergency and Restoration Services

Transaction Type

Recapitalization

Status

Prior Investment

Business Description

BluSky, based in Centennial, CO, provides commercial, industrial, governmental, and multi-family restoration, renovation, environmental, and roofing services with an emphasis on commercial, large losses, and emergency restoration services across the continental United States. BluSky has developed a strong brand and a stellar reputation within its industry for providing a high-quality work product and maintaining exceptional customer service.

Transaction Overview

Management of this privately held business partnered with KLH in a recapitalization to facilitate a partial liquidity event for the shareholders, while providing the company with a value-added partner and a capital structure designed to support management’s future growth plans.

Post Transaction

KLH collaborated with management to develop a strategy for expanding BluSky’s geographic footprint. In October 2017, KLH Capital financed the merger of BluSky and Disaster One, a privately-owned and operated restoration services company based in Greensboro, NC. KLH also helped BluSky implement a new ERP system for the business.

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Atchafalaya Measurement

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Sector

Value-Added Distribution & Industrial Services

Industry

Oil and Gas Services

Transaction Type

Minority Recapitalization

Status

Prior Investment

Business Description

Atchafalaya Measurement, based in Scott, LA, is a multi-basin Oil & Gas Services company providing customized measurement systems to onshore and offshore drilling operations in many of the fastest growing drilling regions in the United States. AMI has exhibited substantial growth, as its management team has strategically targeted high-growth regions of drilling activity and developed a reputation as a premier service provider in its industry. The transaction provides the management team with a value-added partner committed to continued expansion and growth within the Oil & Gas Services sector.

Transaction Overview

Management of this closely held business partnered with KLH Capital to complete a buyout of the inactive shareholders and gain access to new capital to support the company’s rapid growth and pursue selected acquisitions.

Post Transaction

During KLH’s investment, AMI completed one add-on acquisition to expand the company’s reach into New Mexico. KLH also helped AMI recruit a new CFO and controller, as well as supported the implementation of all new MIS systems for the business, including in-field ticketing and Netsuite accounting systems.

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MS Industrial

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Sector

Industrial Services

Industry

Heavy Industrial Fabrication & Service

Transaction Type

Recapitalization

Status

Prior Investment

Business Description

MS Industrial, formerly Mid-State Machine and Fabricating, is a leading provider of outsourced fabrication, maintenance, and field services to the mining, chemical, power, and general manufacturing industries. Since its founding in 1973, MS Industrial has grown into a complete industrial services organization serving the mission-critical needs of its customers across the country, and has expanded its facility into one of the largest machine and fabricating shops in the southeastern U.S.

Transaction Overview

The Management of this family owned business wanted to begin planning for their ultimate retirement, while also partnering with a growth-oriented financial partner. KLH was able to structure and close on a transaction that accomplished both of these goals, while also providing the capital needed to pursue select acquisitions and continue the tremendous track record of the company to date.

Post Transaction

KLH supported the company with a number of investments in its infrastructure, including the hiring of their first ever CFO, Controller and Director of Technology as well as the implementation of a new ERP system and automated time capture systems.

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CCM Wireless

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Sector

Industrial Services

Industry

Wireless Infrastructure

Transaction Type

Minority Recapitalization

Status

Prior Investment

Business Description

CCM Wireless is a provider of outsourced services for the wireless communications industry, including planning, deployment, construction and management of network build-outs. CCM provides wireless carriers with comprehensive real estate site acquisition and zoning services, radio frequency and network design and engineering, infrastructure equipment construction and installation, DAS and in-building services, small cell deployment, radio transmission base station modification and project management services.

Transaction Overview

KLH provided a growth investment of debt and equity to help support the rapid growth of CCM Wireless. CCM, with headquarters in Moonachie, NJ, has operations in New York, New Jersey, Massachusetts, Maryland and North Carolina. Funds from the financing will be used to support the growth of these markets and to open new locations as CCM seeks to help its customers achieve their aggressive growth plans across the country.

Post Transaction

KLH partnered with management to develop a strategy for expanding CCM’s geographic footprint and service offering. Immediately post-transaction, CCM expanded its operations into California and Florida, solidifying the company’s ability to service customers on both the East Coast and West Coast.

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