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Tank and Cylinder Manufacturer

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Sector

Niche Manufacturing

Industry

Tanks & Cylinders

Transaction Type

Majority Recapitalization

Status

Current Investment

Website

Not Currently Available

Business Description

Undisclosed Company is a full-service manufacturer of extruded specialty aluminum and composite wrapped cylinders, tanks, and other components. The Company services niche end markets within the consumer, defense, industrial, medical, and sporting goods industries.

Transaction Overview

KLH recapitalized the business providing a partial liquidity event for the owner(s) and aligning management with experienced partners capable of providing the capital and expertise needed to grow the business.

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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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Frankston Packaging

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Sector

Niche Manufacturing

Industry

Specialty Packaging

Transaction Type

Recapitalization

Status

Current Investment

Lead Partner

Business Description

Headquartered in Frankston, TX, Frankston Packaging is a full-service manufacturer of custom and stock packaging solutions. The company makes custom and stock folding cartons, flexible packaging (e.g., pouches, shrink sleeves, overwraps), pressure sensitive labels, and corrugated boxes, among other products. Company serves a variety of end markets, including concessions, foodservice, pharmaceuticals, medical/nutraceuticals, and general retail.

Transaction Overview

KLH recapitalized the business providing a partial liquidity event for the two owners and aligning management with experienced partners capable of providing the capital and expertise needed to grow the business.

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Apogee Lighting

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Sector

Niche Manufacturing

Industry

Industrial Products

Transaction Type

Recapitalization

Status

Current Investment

Business Description

Based in Deer Park, NY, Apogee Lighting, through its two brands, manufactures specialty transit, industrial, and architectural LED lighting fixtures. The Apogee Translite brand serves the New York Metropolitan Transportation Authority and other transit systems across the country while LumiNEXT brand serves the architectural market. Today, both brands are known for high-quality, highly engineered LED lighting fixtures, and premium design, engineering, and implementation services.

Transaction Overview

The owners of this privately held business wished to begin planning for their retirement by partnering with a growth-oriented financial partner who could help achieve the company’s goals and create a successful succession plan for the business. KLH structured a transaction that gave the owners partial liquidity for diversification, key managers the opportunity to become owners in the business, and a capital structure to continue the successful track record of the company.

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Premiere Precision Components

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Sector

Value-Added Distribution

Industry

Rubber Seals, Gaskets & O-Rings

Transaction Type

Recapitalization

Status

Prior Investment

Business Description

Based in Holiday, FL, Premiere Precision Components is a leading, value-added supplier of high-volume, custom manufactured molded rubber, plastic, and metal components such as seals, O-rings, gaskets, boots, assemblies, and bonded parts sold to a variety of end markets, including the communications, HVAC, pool & spa, and lawncare industries. Premiere Precision Components differentiates itself from its competition by providing value-added service at each step in the procurement process, simplifying the complex logistics of sourcing parts so that customers can focus on their core businesses.

Transaction Overview

The founders 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.

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BMI Merchandise

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Sector

Value-Added Distribution

Industry

Prize Merchandize for FEC Industry

Transaction Type

Recapitalization

Status

Current Investment

Lead Partner

Business Description

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 decisions.

Transaction Overview

KLH recapitalized the business providing a partial liquidity event for the two owners and aligning management with experienced partners capable of providing the capital and expertise needed to grow the business.

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Data Display Systems

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Sector

Niche Manufacturing

Industry

Point of Purchase Displays

Transaction Type

Recapitalization

Status

Prior Investment

Website

Business Description

Data Display, headquartered in Philadelphia, PA, is a provider of electronic video, audio, and lighting solutions to the point-of-purchase (“POP”) displays and fixtures markets. Founded in 1968, the company has grown into a national supplier of customized electrical components and products that enhance POP displays and fixtures for a diverse customer base of consumer products companies. The company has an unmatched industry reputation of excellence and engineering superiority, as illustrated by its overall product quality and innovative designs.

Transaction Overview

KLH partnered with Equis Capital Partners, an independent sponsor based in New Jersey, to recapitalize the business, with the objective of providing a partial liquidity event for the existing shareholders and aligning management with experienced financial partners capable of supplying the capital and expertise needed to pursue the growth initiatives envisioned.

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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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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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