KLH Capital (“KLH”), a lower middle-market private equity firm based in Tampa, FL, is pleased to announce it has completed its first closing for its third SBIC-licensed fund, KLH Capital Fund III, L.P. (“Fund III”), with $135 million in committed capital.  Consistent with the firm’s successful eleven-year investment history, Fund III will focus on U.S. based businesses in the value added distribution, specialty service and niche manufacturing industries with at least $10 million of revenue and $2 million of EBITDA. In addition to KLH Capital’s traditional control investments, the new fund will incorporate a non-control, growth equity strategy.  “We are…

KLH Capital is pleased to announce that it has exited its investment in ANS Distributing through a sale of the company to Jones & Frank, the premier provider of fueling system solutions in the United States.  With the combined capabilities of these two leading companies, Jones & Frank has unequaled scale and resources in the petroleum equipment industry to better serve customers’ fueling equipment needs across North America. KLH Capital purchased ANS Distributing in November 2012 through a management buyout of the retiring founder.  “We are very grateful to the management team for their excellent stewardship of the company during…

KLH Capital is pleased to announce it has partnered with the founders of Bonita Marie International (“BMI Merchandise” or the “Company”) to complete a recapitalization of the company.  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…

KLH Capital is pleased to announce that its portfolio company, Mid-State Machine and Fabricating, Inc. (“Mid-State”) has completed the acquisition of International Machine & Welding, Inc. (“IMW”). The purchase of IMW enables Mid-State to develop a dedicated pump rebuilding facility and increase its overall fabrication capacity. The IMW purchase also gives Mid-State the distinction of having the largest boring mills in the entire Southeast, which is critically important to the company’s commitment to servicing its customers large pump rebuilding needs. Mid-State CEO, Hal Kersey, explained, “the addition of IMW significantly increases our pump business and eliminates congestion in our general…

Lakeland, FL, May 31, 2016 – URETEK Holdings, a full-service provider of geotechnical construction and infrastructure rehabilitation services, announced today that it has officially changed its name to Ground Works Solutions, Inc. The new name illustrates the company’s commitment to building upon its current products and services as well as expanding its offerings to meet the challenges of an ever-changing marketplace. A new logo, marketing message and website (www.groundworkssolutions.com) has been unveiled. “The new logo reflects all aspects of the earth strata that we can strengthen and restore,” said Richard Kelecy, CEO at Ground Works. “The name change better reflects the fact that we…

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…

James Darnell discusses how to identify the right equity Partner, what to expect during the process, ow private equity assesses potential investments and how such a partnership can help a company grow faster.