Latest News on KRG Capital
Two Chicago-based companies combine to revolutionize portable power solutions
DENVER, CO (May 5, 2015) – KRG Capital Partners (“KRG”) announced today that it has acquired Palladium Energy, Inc. (“Palladium”), an industry leader in customized power solutions. This marks KRG’s second investment in its portable power solutions buy-and-build strategy, which began in 2014 with the acquisition of ICCNexergy, Inc. (“ICCN”), a global leader in the design and manufacture of rechargeable power systems. KRG has combined these two Chicago-based companies to create one of the world’s largest portable power solutions providers. This newly formed company remains technology agnostic and continues building on its’ deep roots in four markets—commercial, industrial, medical and military/government. The company will be rebranded in the near future to leverage the combined rich history, markets and products delivered. Terms were not disclosed.
“ICCNexergy’s merger with Palladium is transformative and … Read More »
DENVER, CO (April 7, 2015) – Convergint Technologies (“Convergint” or the “Company”), a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced its acquisition of GS Security Systems Inc. (“GS Security Systems”), a leading provider of physical security systems throughout New England and the East coast.
Founded in 2007 by Erik Sink, Joe Gillis, and Nick Sink, Convergint and GS Security Systems will integrate their businesses, located in Tewksbury and Sharon Massachusetts, respectively, resulting in one of the strongest physical security and fire solution and service providers in New England. The combined organization provides a wide array of world class security and fire services including system design, installation, integration, training, and support services with a highly skilled workforce throughout New England.
“We continue to expand … Read More »
DENVER, CO (February 18, 2015) – KRG Capital Partners (KRG), a Denver-based private equity firm, completed its sale of Diversified Foodservice Supply, Inc. (DFS), a leading distributor of maintenance, repair, and operations parts, supplies, and equipment to the U.S. foodservice industry, to New Mountain Capital. The transaction closed on February 17, 2015 and the sale represents the fourth successful full exit in KRG’s $1.96 billion Fund IV.
“The DFS management team has done an excellent job executing our combined vision and achieving a successful outcome,” said Ted Nark, a Managing Director at KRG, “Since our involvement began in late 2010, we have enjoyed a productive and collaborative relationship building a truly unique market-leading distributor.” Bennett Thompson, a Principal at KRG, added “The DFS management team has built a proven growth platform that delivers significant value for its customers. We wish them … Read More »
DENVER, CO (November 5, 2014) – KRG Capital Partners (KRG), a Denver-based buyout firm, completed its sale of Olson, a Minneapolis-based integrated marketing technology and digital solutions provider, to ICF International, a leading provider of consulting services and technology solutions to government and commercial clients.
KRG acquired Olson in October 2009, and the sale represents the third successful full exit in KRG’s $1.96 billion Fund IV.
KRG partnered with Olson management to develop and execute a strategic plan designed to capitalize on the rapidly evolving marketing communications marketplace and increasing client demands for digital and data-driven marketing solutions. Consistent with KRG’s “buy and build” growth model in the middle market, the Olson strategy was focused on organic growth driven by expanding Olson’s suite of digital and data-driven services to existing and new clients, complemented by the addition of new capabilities through strategic … Read More »
Aurora Diagnostics Completes Acquisitions of Mid-Atlantic Pathology Services Inc. in Virginia and Hallmark Pathology, P.C. in Massachusetts
(Palm Beach Gardens, Florida) July 1, 2014 ― Aurora Diagnostics, the nation’s leading operator of high quality regional pathology labs at 21 community-based locations around the United States, announced today that it completed two previously announced transactions to acquire Mid-Atlantic Pathology Services Inc. of Sterling, Va., and Hallmark Pathology, P.C., of Medford, Mass.
Mid-Atlantic Pathology Services (MAPS) is a highly specialized Dermatopathology lab with a strong regional business with emphasis on Northern Virginia, Maryland and the greater Washington, D.C., area. Hallmark Pathology is a provider of anatomic pathology services for two community hospitals in the greater Boston area.
“We welcome the pathologists and employees of MAPS and Hallmark, together with their clients, to the growing Aurora family,” said Daniel D. Crowley, Chief Executive Officer of Aurora Diagnostics. “Aurora is a great place to build a career in pathology or lab operations. Aurora … Read More »
Denver, CO (June 17, 2014) — Diversified Foodservice Supply, Inc. (DFSI), the parent company of leading brands in the foodservice parts, supplies, equipment, and accessories distribution industry, has acquired Restaurant Parts & More, LLC (RPM), one of the industry’s most well-known and respected companies. The addition of RPM to the DFSI portfolio adds scale to the organization and improves the customer offering for chain restaurants and their associated franchisees. RPM will continue to operate as a leading brand in the combined company and joins other DFSI brands AllPoints Foodservice Parts and Supplies, Franklin Machine Products, Tundra Restaurant Supply, and Mill Hardware as major brands owned by DFSI.
DFSI is a portfolio company of KRG Capital Partners Fund IV (KRG) that was acquired in November of 2010. The acquisition of RPM represents the 200th investment for KRG since inception.
About Diversified Foodservice Supply, … Read More »
KRG Capital Partners Completes Sale of UniversalPegasus International, Inc. to Huntington Ingalls Industries
DENVER, CO (June 2, 2014) – KRG Capital Partners (KRG) a Denver-based private equity firm, has completed its previously announced sale of UniversalPegasus International, Inc. (UPI) to Huntington Ingalls Industries (HII; NYSE:HII). UPI is a leading provider of engineering and project management services to the domestic and international energy markets. HII designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides aftermarket services for military ships around the globe and also provides a wide variety of products and services for the commercial energy industry and other government customers, including the Department of Energy.
The sale of UPI builds on KRG’s track record of partnering with management teams to build industry leading companies through the recruitment of top senior and technical talent and making investments to support future growth plans.
About UPI: UPI has approximately 1,500 … Read More »
UniversalPegasus International, Inc. enters into agreement to be acquired by Huntington Ingalls Industries
DENVER, CO (May 19, 2014) – UniversalPegasus International, Inc. (UPI), a KRG Capital Partners Fund III (KRG) portfolio company and a leading provider of engineering and project management services to the domestic and international energy markets, has entered into an agreement under which it will be acquired by Huntington Ingalls Industries (HII; NYSE:HII), subject to the satisfaction of certain customary closing conditions. HII designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides aftermarket services for military ships around the globe and also provides a wide variety of products and services for the commercial energy industry and other government customers, including the Department of Energy. The transaction is expected to close in June of 2014.
“KRG has been highly supportive of our growth plans at UPI, allowing us to recruit the necessary senior management … Read More »
DENVER, CO (April 14, 2014) – KRG Capital Partners (KRG) a Denver-based private equity firm, has completed its previously announced sale of Focus Group Holding Inc. (Focus) to WSP Global Inc. (WSP; TSX:WSP). Focus is a leading provider of engineering services in Western Canada to the energy and infrastructure end markets. WSP is one of the world’s leading professional services firms, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines.
The sale of Focus delivers a successful return for KRG’s Fund III limited partner investors, and builds on KRG’s track record of executing its buy-and-build investment approach. Over the life of the investment, KRG partnered with Focus management to complete nine add-on acquisitions, resulting in significant value creation for all shareholders.
Harris Williams & Co. served as financial advisor to Focus, and Stikeman Elliott … Read More »
DENVER, CO (March 17, 2014) – KRG Capital Partners (“KRG”), a Denver-based private equity firm, announced today that it has completed the acquisition of ICC-Nexergy, Inc. (“ICCNexergy”) from Inverness Graham Investments. ICCNexergy is a leading provider of highly engineered, fully integrated, custom rechargeable power systems solutions for mission critical applications in multiple attractive end-markets. ICCNexergy is the fifteenth platform company for KRG’s $1.96 billion Fund IV.
“We are excited to partner with the ICCNexergy team to support the Company’s continued growth,” noted Stew Fisher, Managing Director of KRG Capital. “We believe that the ICCNexergy platform represents a compelling opportunity to invest in a differentiated and market-leading provider of rechargeable power systems. Under the exceptional guidance of its management team, ICCNexergy has established a clear leadership position in this growing industry.”
“Additionally, we believe the Company is well-positioned to accelerate its organic growth … Read More »