Yak Access Acquires Klein's Restoration Services

United Rentals Acquires Yak Access from Platinum Equity for $1.1 Billion

March 15, 2024

Industrial Services

United Rentals has completed the acquisition of Yak Access (including Yak Mat and New South Access & Environmental Solutions) from Platinum Equity for approximately $1.1 billion in cash. Yak is a leading North American matting and ground-protection provider (≈600,000 mats, ~135 distribution points, operating in 40+ states) and reported $353 million of adjusted revenue and $171 million of adjusted EBITDA for the year ended December 31, 2023; United Rentals financed the purchase with new senior unsecured notes and available ABL capacity.

Alro Steel Acquires Klein Steel Service

May 27, 2022

Industrial Services

Alro Steel has acquired Klein Steel Service, a Rochester-based metals supplier and processing center that operates six facilities in western and central New York. The acquisition expands Alro's Northeast footprint and adds Klein Steel's inventory, value-added processing and component manufacturing capabilities to Alro's distribution network. Heritage Capital Group served as exclusive financial advisor to Klein Steel; terms were not disclosed.

Kustom US Acquires Zion Restoration (Pasco, WA)

July 1, 2020

Environmental Services

Kustom US has acquired Zion Restoration, a Pasco, Washington-based fire and water restoration firm, expanding Kustom's footprint in the Northwest. Zion's leadership (Paul and Sara Little) and staff will remain in place as the business operates as a division of Kustom to extend local capabilities and serve larger commercial and residential customers.

Platinum Equity Acquires Majority Interest in Kohler Energy from Kohler Co.

November 6, 2023

Energy

Platinum Equity has closed the transaction to acquire a majority interest in Kohler Energy from Kohler Co., establishing Kohler Energy as an independent, standalone business. Kohler Co. remains an investment partner, Brian Melka will serve as CEO and David Kohler will sit on the board; financial terms were not disclosed. Platinum Equity said it will invest in growth and operational initiatives to accelerate Kohler Energy's position in the global energy resilience market.

Rainier Partners Acquires Kleen-Tech Services

September 4, 2025

Industrial Services

Rainier Partners, a Seattle-based private equity firm, has acquired Kleen-Tech Services, a Denver-founded national janitorial and facilities services provider operating across more than 30 states with approximately 2,000 employees. Under Rainier's ownership, Kleen-Tech will pursue organic growth and strategic M&A while leveraging Rainier's SUMMIT value creation process; Piper Sandler advised Rainier and G2 Capital Advisors advised Kleen-Tech on the transaction.

Bessemer Investors Acquires Legacy Restoration

August 9, 2021

Construction

Bessemer Investors, a New York-based investment firm, has acquired Legacy Restoration, a Plymouth, Minnesota-headquartered provider of exterior restoration and remodeling services. The deal provides liquidity to selling shareholders and growth capital to support Legacy's organic expansion and M&A strategy while founder and CEO Scott Mullins and management remain in place; financial terms were not disclosed.