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 focusing on business development, due diligence and financial analysis, and he has been a growing asset to us since. Prior to joining KLH, Ron was a commercial banker at USAmeribank in Tampa. He is a graduate of Brown university and Stetson College of Law.
In May, KLH partnered with the management of BluSky Restoration to recapitalize its growing restoration, renovation, environmental and roofing services business based in Centennial, CO.
Two weeks later, KLH partnered with Equis Capital Partners, an independent sponsor, to complete the recapitalization of Data Display Systems, a provider of electronic video, audio and lighting solutions to the point-of purchase displays and fixtures markets based in Philadelphia, PA.
In June, KLH exited its investment in Federal Resources Supply Company via a management led buyout which was supported by Alaris Royalty Corp. Based in Maryland, Federal Resources is a leading value-added provider of mission critical chemical, biological, radiological, nuclear and explosive detection products and solutions for defense, first responder, homeland security and maritime end users.
Finally, in November, KLH portfolio company Atchafalaya Measurement, Inc (AMI) completed its first add-on acquisition, with the purchase of Wildcat Measurement Service, Inc, a leading provider of oil and gas measurement equipment and services serving the Permian basin. The addition allowed AMI to expand both the company’s services and geographic footprint while still maintaining its commitment to top notch customer service.
As we prepare for the new year, we are excited to you partner with you to help business owners achieve their goals for 2016 and beyond. KLH Capital works with entrepreneurs in the distribution, services and manufacturing industries to create value and liquidity through the following transaction types:
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Based in Tampa, KLH Capital is a fully capitalized SBIC-licensed private equity firm which currently manages $165 million in capital across two funds. KLH Capital focuses exclusively on lower-middle market U.S. companies with revenues between $10 and $100 million and EBITDA of at least $2 million. During our nearly 30-year business tenure, we have invested over $750 million across more than 130 transactions giving us the experience and background to successfully nurture growing companies and create value for owners.