KLH Capital Recapitalizes D&H United Fueling Solutions
February 28, 2020
KLH Capital has completed a recapitalization of D&H United Fueling Solutions, partnering with the company's management team to provide liquidity and support growth. D&H United, based in San Antonio, Texas, is a turnkey service provider and distributor to the retail and commercial fueling industry with more than 230 employees; the transaction was financed with Oxer Capital and CIBC.
- Buyers
- KLH Capital
- Targets
- D&H United Fueling Solutions
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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D&H United Fueling Solutions Acquires HCN Petroleum Equipment
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D&H United Fueling Solutions, a Wind Point Partners-backed platform, has acquired HCN Petroleum Equipment, a turnkey petroleum service and equipment provider based in Newland, North Carolina. The add-on acquisition expands D&H’s service footprint in the Southeast and enhances its capabilities in fuel system installation, maintenance, compliance management and repair services.
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Wind Point Partners Acquires D&H United Fueling Solutions from KLH Capital
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Chicago-based private equity firm Wind Point Partners has acquired D&H United Fueling Solutions, a Houston-headquartered provider of testing, inspection, repair and installation services for petroleum fueling stations and electric vehicle (EV) charging infrastructure. The seller was KLH Capital; D&H will continue to be led by CEO Bo Sasnett with management retaining an ownership stake as Wind Point supports an organic- and M&A-driven growth plan focused on expanding the technician base, service capabilities and geographic density.
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D&H United Fueling Solutions Acquires Cochise Companies
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D&H United Fueling Solutions acquired Cochise Contractors, Services and Petroleum Equipment (Cochise) of Phoenix, Arizona, adding Cochise’s ~70 employees and expanding D&H’s footprint in the Arizona market. The deal expands D&H’s service offerings and coverage across the Sun Belt and Mountain West, and the combined company will operate ~16 branches with roughly 570 employees; D&H is PE-backed by KLH Capital.
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D&H United Acquires Kubat Equipment & Service Co.
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D&H United Fueling Solutions, a KLH Capital–backed provider of petroleum fueling and EV charging equipment and services, has acquired Kubat Equipment & Service Co., a Denver-based turnkey supplier of retail fueling, automotive and carwash equipment. The deal expands D&H United’s geographic footprint in the Mountain West, increases recurring revenue and adds carwash parts and supplies to its product and service offering; Kubat’s president Craig Hoyer will become VP, Colorado and Mountain West Operations.
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D&H United Acquires Valley Tank Testing
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D&H United Fueling Solutions acquired Valley Tank Testing, a Houston-based provider of underground and above-ground storage tank testing, compliance, and inspection services. The acquisition expands D&H United’s environmental compliance services and will have Valley Tank Testing operate as a standalone division; D&H United is PE-backed by KLH Capital, which recapitalized the company in 2020.
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D&H United Fueling Solutions Acquires Petroleum Marketers Equipment Company
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D&H United Fueling Solutions has acquired Petroleum Marketers Equipment Company, a full-service petroleum industry supplier based in Oklahoma City, expanding D&H United's footprint in Oklahoma and northern Texas. The acquisition increases the combined company's coverage and resources across the Southwest and is supported by KLH Capital, which previously recapitalized D&H United.
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