Azalea Capital Exits KLMK Group
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Azalea Capital Exits KLMK Group

klmk nfAzalea Capital has sold its portfolio company KLMK Group, a provider of facilities consulting services, to CBRE Group. Azalea Capital first invested in KLMK Group in December 2010.

KLMK Group is a provider of consulting and project advisory services for the launch, management, and transition of healthcare related facilities and capital projects. The company was founded in 1986 and is based in Richmond, VA with additional offices in Atlanta, GA; Birmingham, AL; Houston and Dallas, TX (www.klmkgroup.com).

“The relationship with Azalea Capital could not have been better. They delivered on all commitments made during our purchase process and were a value added partner during our three years together,” said John Kemper, CEO of KLMK. “Azalea provided valuable business expertise and advice as well as connections and introductions in our market space. They exceeded all my expectations coming into our relationship and their limited partners were more than willing to assist us in our pursuit of new business.”

Azalea Capital invests in middle market companies that have minimum annual revenues of $10 million and EBITDAs of $2 million to $10 million that are located in the Southeastern US. Industries of interest include manufacturing, business services, consumer products, pet products and services, value-added distribution, and healthcare. The firm is currently investing out of it third fund, Azalea Fund III, LP. Azalea Capital was founded in 1996 and is headquartered in Greenville, SC (www.azaleacapital.com).

CBRE Group is one of the world’s largest commercial real estate services firm. Sectors served include property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; investment banking; and research and consulting. CBRE is based in Los Angeles (www.cbre.com).

“On behalf of the entire Azalea Capital team it was a true pleasure to partner with John Kemper and his team. KLMK has established itself as a meaningful player in the healthcare facilities and strategic support areas,” said Benny LaRussa, Azalea Partner and former KLMK Chairman. “KLMK will continue to flourish as an integral part of the CBRE healthcare group. We wish John and the entire KLMK continued success.”

© 2013 PEPD • Private Equity’s Leading News Magazine • 11-12-13

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