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Ground Works Solutions

port-ground-works

Sector

Industrial Services

Industry

Soil & Foundation Remidiation

Transaction Type

Management Buyout

Status

Prior Investment

Business Description

Ground Works Solutions is a leading provider of infrastructure repair and soil stabilization services to the residential, commercial, and industrial markets.

Transaction Overview

In this management buy-in transaction, the owner was seeking a liquidity event and ultimately a path to retirement from the business. He decided to remain onboard with the company in an advisory capacity post-transaction. KLH Capital partnered with an experienced manager to run the business day to day.

Post Transaction

KLH Capital hired a new CEO to develop the business organically and through add-on acquisitions. Since partnering with KLH, the company has executed five strategic acquisitions throughout the United States which expanded its presence into 31 additional states.

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QualaWash Holdings

port-qualawash

Sector

Industrial Services

Industry

Bulk Transportation Services

Transaction Type

Management Buyout

Status

Prior Investment

Business Description

QualaWash is the nation’s largest provider of tank truck, tote, ISO tank, and rail car cleaning services to the bulk transportation industry. The company operates 53 strategically located facilities nationwide.

Transaction Overview

QualaWash was an orphaned division of a publicly traded company, Quality Distribution, Inc. KLH Capital partnered with the existing President of QualaWash to buy the division from the parent company in a corporate spin-off transaction.

Post Transaction

Immediately post-transaction, KLH established independent billing, accounting, and operating systems and facilitated the hiring of new sales executives to grow the existing business. After a year of partnership, KLH and management successfully acquired the nation’s largest independent steel intermediate bulk container cleaning provider and also acquired its largest competitor, PSC Container Services, LLC. These acquisitions quadrupled the size of the original business.

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Recovery Holdings

port-recovery

Sector

Industrial Services

Industry

Asset Recovery

Transaction Type

Recapitalization

Status

Prior Investment

Business Description

Recovery Holdings provides outsourced repossession management services to banks and auto finance companies across the country.

Transaction Overview

KLH recapitalized the business to provide liquidity to the two founders who continued to run the business day to day.

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Blake & Pendleton

port-blake

Sector

Industrial Services

Industry

Air Compressors

Transaction Type

Recapitalization

Status

Prior Investment

Business Description

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.

Transaction Overview

Blake & Pendleton was owned by two individuals. The majority owner was looking to retire and the other wanted a financial partner to grow the company via add-on acquisitions. KLH Capital supported the minority equity owner in a recapitalization that allowed the majority owner to realize liquidity for his investment and take a step back from day to day operations.

Post Transaction

Within six months of closing the transaction, KLH Capital and the CEO targeted a variety of competitors in adjacent geographic territories and successfully completed an add-on acquisition. The company continued its positive momentum by opening up two new locations in adjacent states and acquiring a world class provider of compressed air energy audit services.

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Nelbud Services Group

port-nelbud

Sector

Industrial Services

Industry

Commercial Kitchen Cleaning

Transaction Type

Recapitalization

Status

Prior Investment

Website

Business Description

Nelbud is a leading supplier of industrial fire prevention services to the food service industry, specializing in the removal of grease from hoods, vents, ducts, and fans.

Transaction Overview

The company’s owner, Nelson Dilg, partnered with KLH Capital in a recapitalization to diversify his net worth while accessing capital to continue the company’s growth.

Post Transaction

Since partnering with KLH Capital, Nelbud has pursued add-on opportunities to expand into Las Vegas, New York City, and the West Coast.

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