KLH Capital has acquired Concrete Protection & Restoration, a provider of concrete restoration services.
Concrete Protection & Restoration (CPR) specializes in concrete restoration and technical structural services that maintain the safety, integrity, and functionality of high-rise buildings, parking structures, and industrial facilities. The company’s core services include post-tension tendon repairs, structural strengthening, waterproofing, protective coatings, hydro-demolition, and epoxy injection.
CPR has more than 100 employees and operates from its headquarters in Baltimore, Maryland, with an additional location in Ft. Lauderdale, Florida. The company was founded in 1995 by CEO Mike O’Malley and Don Caple.
“Mike and I couldn’t be more excited to continue to build CPR into a multi-regional player in our industry,” said Mr. Caple. “With our country’s aging concrete infrastructure and increasingly stringent regulations, we are blessed to be experiencing a rising tide of work. Our strategic partnership with KLH will provide operational assistance and financial support to enable us to scale rapidly in a way that we couldn’t otherwise execute on our own.”
“It was clear from our first meeting that KLH was the right partner,” said Mr. O’Malley. “They bring the tools and resources we need to support and empower our family of employees who make our plan possible.”
CPR’s customers are primarily active in the multi-family residential, hospitality, and industrial sectors where addressing issues of aging concrete infrastructure and meeting safety and regulatory requirements is of paramount importance.
“The team has built a great business by focusing on technical maintenance and repair-driven service offerings, ensuring the safety of folks who live and work within these structures,” said Chris Reinhart, a director at KLH Capital. “Our skillset of partnering with field-based service companies is a great match for where Mike and Don are at in their adventure, and we look forward to supporting their continued vision.”
KLH makes majority and minority investments in family- and founder-owned distribution, specialty services, and niche manufacturing companies that have EBITDA from $4 million to $20 million. KLH was founded in 2005 and is headquartered in Tampa, Florida.
The acquisition of CPR was made with capital from KLH Capital Fund V LP which closed in June 2023 with $400 million in capital.
© 2025 Private Equity Professional | January 21, 2025
