Tampa, FL – November 2023 – KLH Capital (“KLH”) is pleased to announce that it has partnered with the management team of Selinsky FORCE, LLC (“Selinsky” or the “Company”) to complete a management buyout of the Company. Established in 1932 and based in Canton, OH, Selinsky is a leading provider of critical preventative, planned, and emergency industrial maintenance services, piping and refractory solutions, steel erection, and other turnkey solutions for its customers within the engineered materials, industrial manufacturing, power, recycling, civil construction, and other industrial end markets. Located in the Midwest, the Company enjoys reoccurring, critical maintenance demand with a nested presence in customer facilities, where arduous production and manufacturing processes drive a perpetual need for maintenance, repair, and overhaul work, augmented by scheduled turnaround and specialty capital projects.
With approximately 250 employees consisting of 220+ skilled union technicians in the field, the Company’s breadth of services creates a diverse array of industrial disciplines, including equipment & machinery rebuild and millwright services, refractory (castable and ceramic brick) tear-out and relining, piping maintenance and replacement, concrete construction and rehabilitation, rotating crushing equipment services, manlift rental, and other steel erection and civil services. Working closely with customers and facility owners, Selinsky crafts maintenance solutions that leverage the Company’s range of industrial service offerings.
“KLH’s knowledge of my type of business was obvious from the get-go, and we are excited to be working with them as we continue to grow our footprint,” said Lori Scott, CEO of Selinsky.
“We are thrilled to welcome Lori and the entire Selinsky team into the KLH family. The Company and management team have done a fantastic job positioning the business to capitalize on the ongoing maintenance needs within these Midwest industrial facilities, and we are eager to support Selinsky and its employees as we continue to build upon their vision and momentum,” said Will Dowden, Managing Partner at KLH Capital.
Selinsky is the latest investment in KLH Capital Fund V, L.P. which raised $400 million in June 2023 to help founders, managers, and families create liquidity, solve succession planning, and build great companies. Half of KLH’s current portfolio is made up of crew-based, industrial service businesses, giving KLH extensive knowledge to be a value-added partner to the Company’s leadership team.
Lori Scott and the senior leadership team will be shareholders in the new partnership with KLH.
For more information about this transaction, please contact Will Dowden (wdowden@klhcapital.com).
