M&A Deal Summary

Strength Capital Partners Acquires Kelchner

On May 2, 2025, private equity firm Strength Capital Partners acquired construction company Kelchner from John Wood Group

Acquisition Highlights
  • This is Strength Capital Partners’ 3rd transaction in the Construction sector.
  • This is Strength Capital Partners’ 22nd transaction in the United States.
  • This is Strength Capital Partners’ 5th transaction in Ohio.

M&A Deal Summary

Date 2025-05-02
Target Kelchner
Sector Construction
Buyer(s) Strength Capital Partners
Sellers(s) John Wood Group
Deal Type Divestiture

Target

Kelchner

Springboro, Ohio, United States
Kelchner is an excavation and civil construction services provider in the Southwest Ohio market. The Company’s services include site grading and heavy excavation, underground utility installation, soil stabilization, paving/flatwork, and other related services. Kelchner was formed in 1948 and is based in Springboro, Ohio.

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Buyer(S) 1

Buyer

Strength Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Strength Capital Partners (SCP) is a private equity firm that specializes in acquiring or providing late stage growth capital to Midwest US based companies. Areas of interest include the manufacturing, distribution, industrial, financial services, infrastructure, and consumer products sectors. The Firm takes a hands-on investment approach, looking to use firm resources and expertise to improve operational performance. SCP will not invest in high technology or internet businesses. Strength Capital Partners has offices in Birmingham, Michigan and Cincinnati, Ohio.


DEAL STATS #
Overall 22 of 22
Sector: Construction M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 5 of 5
Country: United States M&A 22 of 22
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Give ‘Em A Brake Safety

Grandville, Michigan, United States

Give ‘Em A Brake Safety provides specialty highway safety equipment rental and services essential to work zone safety. Rental offerings include signs, message boards, barricades, cones, and portable traffic signals. Give ‘Em A Brake Safety is based in Grandville, Michigan.

Sell -

Seller(S) 1

SELLER

John Wood Group

Aberdeen, United Kingdom

Category Company
Founded 1912
Sector Energy Services and Equipment
Employees35,319
Revenue 5.9B USD (2023)
DESCRIPTION

John Wood Group is a provider of engineering, production support, maintenance management, and industrial gas turbine overhaul & repair services to the oil & gas and power generation industries worldwide. Our services are all-encompassing, supporting the full lifecycle of oil & gas and power generation facilities. John Wood Group was founded in 1912 and is based in Aberdeen, Scotland.


DEAL STATS #
Overall 6 of 7
Sector: Construction M&A 2 of 2
Type: Divestiture M&A Deals 6 of 7
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-28 Ethos Energy

Houston, Texas, United States

Ethos Energy is a company that specializes in providing rotating equipment services and solutions. Ethos Energy offerings include facility operations and maintenance, designing and manufacturing engineered components, and repairing and optimizing gas and steam turbines, generators, compressors, and transformers. Ethos Energy was founded in 2014 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-29 John Wood Group - North American Transmission and Distribution engineering business

Aberdeen, United Kingdom

John Wood Group's North American Transmission and Distribution engineering business provides comprehensive power engineering services in the areas of substations, transmission, distribution, and renewable generation. John Wood Group's North American Transmission and Distribution engineering business is based in Aberdeen, United Kingdom.

Sell -