KLH Capital has partnered with the management team of BluSky Restoration, a provider of restoration and renovation services, to complete a recapitalization of the business. The management of BluSky partnered with KLH to facilitate a partial liquidity event for the shareholders of the company and to establish a capital structure designed to support anticipated future growth.
BluSky provides commercial, industrial, governmental, and multi-family restoration, renovation, environmental, and roofing services. The company specializes in commercial, large losses, and emergency restoration services. BluSky is based south of Denver in Centennial, CO (www.goblusky.com).
“What we love about BluSky is their exceptional management team, culture, values, and core processes” said Will Dowden, Partner at KLH Capital. “It is rare to find so many qualities in a company the size of BluSky. We believe that BluSky is in a perfect position to grow organically, as well as through acquisition, and we look forward to supporting management’s plans for the business in the years to come.”
BluSky has been named to the Inc. 5000 Honor Role for making Inc. Magazine’s list of the Fastest Growing Private Companies for five years straight. BluSky has also been recognized as a Best Company to Work for in Colorado six times and was on the inaugural list of the fifty Colorado Companies to Watch.
According to BluSky founder Terry Shadwick, the partnership with KLH Capital will enable the company to accelerate its growth and continue to expand its service offerings throughout the US. “KLH was the perfect fit to ensure that our values and our brand remain the platform for our rapid growth and market expansion,” said Mr. Shadwick.
KLH Capital is a SBIC-licensed private equity firm which currently manages $165 million in capital across two funds. The firm invests in manufacturing, distribution and service companies that have revenues between $10 million and $100 million and EBITDA of at least $2 million. KLH Capital is headquartered in Tampa (www.klhcapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-24-15
