M&A Deal Summary

Lindsay Goldberg Acquires Kleinfelder

On September 19, 2023, private equity firm Lindsay Goldberg acquired engineering company Kleinfelder from Wind Point Partners

Acquisition Highlights
  • This is Lindsay Goldberg’s 2nd transaction in the Engineering sector.
  • This is Lindsay Goldberg’s 45th transaction in the United States.
  • This is Lindsay Goldberg’s 6th transaction in California.

M&A Deal Summary

Date 2023-09-19
Target Kleinfelder
Sector Engineering
Buyer(s) Lindsay Goldberg
Sellers(s) Wind Point Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)

Target

Kleinfelder

San Diego, California, United States
Kleinfelder is a multidisciplinary engineering firm that provides mission critical design, testing and program management services to clients across an array of industries. The company has over 60 offices across the United States, Canada and Australia. Kleinfelder was founded in 1961 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 56 of 57
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 12 of 12
State (California) 6 of 7
Country (United States) 45 of 46
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Lightwave Dental

Woodbridge, Virginia, United States

Lightwave Dental is a management services partner for dental offices located in Virginia. Lightwave Dental is dedicated to providing the benefits of a larger dental group for the doctors and the staff without the drawbacks of traditional corporate dentistry. The company offers a low-touch, democratic approach to working with its dental partners that drives better results for doctors and a better experience for the staff. Lightwave Dental was founded in 2016 and is based in Woodbridge, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 Golden State Foods

Irvine, California, United States

Golden State Foods (GSF) is a diversified supplier to the food service and retail industries. GSF and its family of companies currently service 200+ leading brands (125,000+ restaurants/stores in more than 50 countries) from its 50 worldwide locations. Its core businesses include the manufacturing of liquid products, protein, produce, dairy/aseptic, and custom distribution services. Golden State Foods was formed in 1947 and is based in Irvine, California.

Buy -

Seller(S) 1

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 52 of 56
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 20 of 23
State (California) 1 of 1
Country (United States) 47 of 51
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 Hasa

Valencia, California, United States

Hasa produces and distributes quality water treatment products used to sanitize and maintain water systems, including swimming pools, water tanks, and containment vessels for recreational, industrial, and municipal end markets. Hasa was founded in 1964 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Assisi Pet Care

Melton Mowbray, United Kingdom

Assisi Pet Care produces natural pet treats and pet food with products such as dried ears, meat treats, filled bones and fish. Assisi Pet Care was founded in 2020 and is based in Melton Mowbray, United Kingdoom.

Buy -