M&A Deal Summary

KLH Capital and Plexus Capital Acquire Shenandoah Industrial Solutions

On February 1, 2019, private equity firms KLH Capital and Plexus Capital acquired environmental company Shenandoah Industrial Solutions

Acquisition Highlights
  • This is KLH Capital’s 1st and Plexus Capital’s 1st transaction in the Environmental sector.
  • This is KLH Capital’s 55th and Plexus Capital’s 72nd transaction in the United States.
  • This is KLH Capital’s 11th and Plexus Capital’s 11th transaction in Florida.

M&A Deal Summary

Date 2019-02-01
Target Shenandoah Industrial Solutions
Sector Environmental
Buyer(s) KLH Capital
Plexus Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Shenandoah Industrial Solutions

Pompano Beach, Florida, United States
Entrance to Shenandoah's corporate headquarters in Pompano Beach, Florida.
Entrance to Shenandoah's corporate headquarters in Pompano Beach, Florida.
Shenandoah Industrial Solutions is a provider of storm drainage system inspection, cleaning, and CIPP rehabilitation serving municipalities and commercial customers. Shenandoah Industrial Solutions is based in Pompano Beach, Florida.

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Buyer(S) 2

Buyer

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.


DEAL STATS #
Overall 55 of 67
Sector (Environmental) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 22 of 24
State (Florida) 11 of 11
Country (United States) 55 of 67
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Atchafalaya Measurement

Scott, Louisiana, United States

Atchafalaya Measurement, Inc. is a multi-basin Oil & Gas Services company providing customized measurement systems to onshore and offshore drilling operations in many of the fastest-growing drilling regions in the United States. Atchafalaya Measurement was founded in 1982 and is based in Scott, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Mid-State Industrial Maintenance

Lakeland, Florida, United States

Mid-State Industrial Maintenance is a provider of on-site and off-site industrial maintenance and service solutions. Mid-State serves as an outsourced maintenance and repair services provider to customers in the chemical processing, phosphate mining, power generation, and building products industries throughout the southeastern United States. Mid-State Industrial Maintenance was founded in 1973 and is based in Lakeland, Florida.

Sell -
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 950M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $20 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 72 of 97
Sector (Environmental) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 31 of 48
State (Florida) 11 of 16
Country (United States) 72 of 97
Year (2019) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Atchafalaya Measurement

Scott, Louisiana, United States

Atchafalaya Measurement, Inc. is a multi-basin Oil & Gas Services company providing customized measurement systems to onshore and offshore drilling operations in many of the fastest-growing drilling regions in the United States. Atchafalaya Measurement was founded in 1982 and is based in Scott, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Quote

Tampa, Florida, United States

Quote is a digital media company focused on providing lead generation services to the finance and insurance industries. Quote focuses on the auto insurance and medicare segments. Quote is based in Tampa, Florida.

Buy -