Kohlberg Acquires Majority Stake in GPRS from CIVC
June 29, 2020
Kohlberg & Company has acquired a majority stake in GPRS Holdings, LLC from CIVC Partners, with GPRS CEO Matt Aston and the management team remaining significant owners and CIVC retaining a meaningful stake. Headquartered in the Toledo area, GPRS is a leading provider of ground penetrating radar, utility locating and concrete scanning services across the U.S.; financial terms were not disclosed.
- Buyers
- Kohlberg & Company, LLC
- Targets
- GPRS Holdings, LLC
- Sellers
- CIVC Partners, LP
- Industry
- Engineering Services
- Location
- Ohio, United States
- Transaction Type
- Recapitalization
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