KT Capital Affiliate Recapitalizes Recycling Equipment, Inc.

LP First Capital Acquires REI Utility Services

September 25, 2024

Utilities

LP First Capital has acquired REI Utility Services, a Texas-based provider of joint-use management and field engineering services for electric cooperatives. The transaction was supported by unitranche debt and an equity co-investment from Graycliff Partners and Brookside Capital Partners; REI's management team will remain in place as the firm pursues geographic and service expansion.

EQT Infrastructure to Acquire KJ Environment in South Korea

August 16, 2024

Environmental Services

EQT Infrastructure VI has entered into a definitive agreement to acquire KJ Environment and affiliated companies to build an end-to-end waste treatment platform in South Korea focused on plastic recycling and waste-to-energy. The platform will leverage assets in the Greater Seoul Metropolitan Area and is intended to support a scaled and diversified circular economy infrastructure business. Closing is expected in Q4 2024, subject to customary conditions and approvals.

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.

Massachusetts Capital Resource Company Provides Subordinated Debt to wTe Recycling for Management Buyout

February 21, 2024

Industrial Services

Massachusetts Capital Resource Company (MCRC) provided a subordinated debt investment in wTe Recycling, Inc., with proceeds used to facilitate a management buyout. wTe Recycling, founded in 1990, operates metal-shredding and high-speed sorting equipment and supplies ferrous and non‑ferrous metals to domestic and international steel mills in the New England market.

Kinderhook Recapitalizes Compactor Rentals of America

February 2, 2024

Environmental Services

Kinderhook Industries has recapitalized Compactor Rentals of America (CRA), acquiring the company from management and investor Bestige Holdings. The investment will provide capital and operational support to scale CRA’s nationwide compactor and baler rental platform, pursue acquisitions, and expand penetration in end markets such as multifamily real estate, manufacturing, and retail.

KLH Capital Majority Recapitalizes eTech Environmental & Safety Solutions

September 1, 2023

Environmental Services

KLH Capital has completed a majority recapitalization of eTech Environmental & Safety Solutions, partnering with eTech's management team. eTech, based in Odessa, Texas, is an environmental remediation and waste management services provider with over 125 field technicians; the transaction provides liquidity to Taglich Private Equity and will support eTech's geographic and service expansion across the United States.