Dominus Capital has acquired BluSky Restoration Contractors from KLH Capital which acquired the company in May 2015.
BluSky provides restoration, renovation, environmental and roofing services to commercial and multifamily real estate projects across the US and in Puerto Rico. The company’s services include fire damage restoration; smoke mitigation; storm damage restoration; water, flood, and sewage mitigation and restoration; asbestos abatement and testing; lead-based paint remediation; mold remediation; and roof damage assessment, repair, and replacement.
BluSky, headquartered near Denver in Centennial, CO and led by CEO Kent Stemper, has 17 corporate and regional offices in Colorado, Arizona, Georgia, Tennessee, North Carolina, South Carolina, Virginia, Florida, Kansas, and California (www.goblusky.com).
“Over the past few months, our executive leadership team interviewed several private equity firms, and, in the end, the team chose exactly the right partner for BluSky, Dominus Capital,” said Mr. Stemper. “For us, our culture is paramount. Dominus clearly understood this. Their expertise in growing middle-market firms and partnering with them on strategic acquisitions is exactly what is needed for us at this stage.”
“We are looking forward to partnering with Kent and the entire management team at BluSky,” said Ashish Rughwani, a Partner at Dominus. “We are eager to apply our network and knowledge of the restoration and environmental remediation space to support the company’s strong organic growth potential and pursue add-on acquisitions in adjacent geographies and complementary service offerings.”
Dominus Capital makes control equity investments in North American middle market companies that have at least $10 million of EBITDA. Sectors of interest include business services, consumer products and services, and light industrial. The firm was founded by Gary Binning, Bob Haswell, and Ashish Rughwani – all former Quad-C Management executives – in 2008. The group of founding partners was later joined by several CEOs of past portfolio companies that now serve as operating partners of the firm. Dominus Capital is headquartered in New York (www.dominuscap.com).
KLH Capital is an SBIC-licensed private equity firm that invests in niche manufacturing, value-added distribution and specialty service companies with revenues of at least $10 million and EBITDA of at least $2 million. The firm is headquartered in Tampa (www.klhcapital.com).
© 2018 Private Equity Professional | August 17, 2018