Wind Point Acquires Kleinfelder

The Kleinfelder Group has signed an agreement to be acquired by Wind Point Partners in partnership with the senior management team of the company.

The Kleinfelder Group is an engineering, construction management, design and environmental professional services firm. The San Diego headquartered company was founded in 1961 by Jim Kleinfelder and has 60 office locations in the United States, Canada, and Australia (www.kleinfelder.com).

“This partnership with Wind Point will help remove the final obstacle of an unsustainable capital structure and allow Kleinfelder, and the professional men and women of Kleinfelder, to achieve their full potential,” said George Pierson, who has served as Kleinfelder’s CEO since late 2016. “With Wind Point as a partner, we expect to see significant growth and opportunity for all our employees, while continuing to provide superior service to our clients.”

“We are excited about the opportunities to work in collaboration with George and the Kleinfelder leadership team to take the company to the next level,” said Nathan Brown, a Managing Director at Wind Point Partners.

Wind Point invests from $50 million to $100 million in companies with EBITDAs of at least $10 million. Industries of interest include business services, consumer products and industrial products. In June 2017, Wind Point held a final closing of its eighth fund, Wind Point Partners VIII LP, with $985 million of capital commitments. The fund exceeded its initial hard cap of $750 million and marks the largest fund closing in Wind Point’s history. The firm was founded in 1984 and is based in Chicago (www.wppartners.com).

Houlihan Lokey (www.hl.com) is the financial advisor to Kleinfelder.

This transaction is expected to close by the end of this month.

© 2018 Private Equity Professional | November 26, 2018

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