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Recapitalization • Business Services

KLH Capital Acquires Mid-State Industrial Maintenance

On October 28, 2013, private equity firm KLH Capital acquired business services company Mid-State Industrial Maintenance

Acquisition Context
  • This is KLH Capital’s 8th transaction in the Business Services sector.
  • This is KLH Capital’s 47th transaction in the United States.
  • This is KLH Capital’s 9th transaction in Florida.
Investment Fate
  • Mid-State Industrial Maintenance was sold to a consortium of financial buyers in 2019.
  • Mid-State Industrial Maintenance was sold to a consortium of financial buyers in 2025.

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M&A Deal Summary
Date October 28, 2013
Target Mid-State Industrial Maintenance
Sector Business Services
Buyer(s) KLH Capital
Deal Type Recapitalization
Advisor(s) VRA Partners (Financial)

Target Company

Mid-State Industrial Maintenance

Lakeland, Florida, United States
Mid-State's headquarters in Lakeland, Florida.
Mid-State's headquarters in Lakeland, Florida.
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.
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Buyer Overview 1

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 Context for Buyer #
Overall 47 of 68
Sector: Business Services 8 of 11
Type: Recapitalization 24 of 39
State: Florida 9 of 11
Country: United States 47 of 68
Year: 2013 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-14 Blake & Pendleton

Macon, Georgia, United States

Blake & Pendleton is a value-added distributor of air compressors, compressed air automation systems, pumping equipment, and flow control products in the Southeastern United States. Blake & Pendleton was founded in 1971 and is based in Macon, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 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.

Buy -

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