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.

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.

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.

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.

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.