Antares- and KKR-led Lender Funds Recapitalize 48forty Solutions

KKR, Ares and BlackRock Recapitalize KBS (Kellermeyer Bergensons Services)

March 25, 2024

Industrial Services

KBS (Kellermeyer Bergensons Services), a leading North American provider of technology-enabled integrated facility management services headquartered in Oceanside, California, completed a recapitalization in which investment funds and accounts managed by KKR, Ares Management and BlackRock Capital Investment Advisors became majority equity holders. The transaction provides KBS with capital to invest in go-to-market capabilities and to accelerate growth while supporting continued delivery of facility services across industrial, commercial, logistics, retail and grocery end markets.

Accel-KKR Closes $1.9B Continuation Fund to Support isolved

August 11, 2025

Cloud & SaaS

Accel-KKR has closed AKKR Isosceles CV LP, a $1.9 billion single-asset continuation fund to extend its partnership with isolved, providing liquidity to existing investors and committing $350 million of new capital to isolved's growth and acquisitions. Lead investor Goldman Sachs Alternatives' Secondaries team and other institutional participants joined the fund; Accel-KKR employees are now the largest investor group.

48forty Solutions Acquires Relogistics

May 4, 2021

Logistics & Distribution

48forty Solutions, a portfolio company of Audax Private Equity, has acquired Relogistics, a Houston-based provider of pallet and container management services with operations at over 60 U.S. locations. The transaction is 48forty's first under Audax ownership and is intended to expand geographic coverage and broaden pallet logistics and reverse-logistics capabilities across national and local customers.

48forty Solutions Acquires Pallet Consultants

March 8, 2022

Logistics & Distribution

48forty Solutions, a national pallet management provider and an Audax Private Equity portfolio company, has acquired Pallet Consultants. Pallet Consultants — founded in 1996 and operating six locations in the southeastern United States with more than 350 employees — will remain led by founder Gus Gutierrez, who will remain a significant shareholder and join 48forty's leadership team; terms were not disclosed.

48forty Solutions Acquires Nazareth Pallet Company

March 1, 2022

Logistics & Distribution

48forty Solutions, a portfolio company of Audax Private Equity, has acquired Nazareth Pallet Company, a family-owned supplier of recycled and custom pallets in the Northeastern United States. The deal expands 48forty's footprint in the Northeast and adds Nazareth's recycling, custom pallet manufacturing capabilities and local fleet to 48forty's national pallet management network; terms were not disclosed.

KKR and EIG Acquire Majority Interest in Avantus

July 30, 2024

Renewable Energy

KKR-backed funds and accounts managed by KKR have acquired a majority equity interest in Avantus, a U.S. developer of utility-scale solar and solar-plus-storage projects. Coinciding with the close, Avantus secured a $522 million development facility arranged by KKR Capital Markets and SMBC to accelerate deployment of its more than 30 GWdc solar and 94 GWh storage pipeline across the Western United States.