Blue Wolf Capital Partners, a New York-based private equity firm, acquired Kirlin Design Build, LLC, a Maryland-based engineering and construction company focused on large, complex federal and private sector projects.
The amount of the deal was not disclosed.
The management has partnered with Blue Wolf in this investment to enable KDB to execute on its strategic plans with a debt-free balance sheet, ample liquidity and strong financial backing. Moving forward, KDB will no longer be affiliated with Kirlin Builders, Kirlin Carolinas, Kirlin Mid-Atlantic or National Fire Protection.
To accelerate the next phase of the company’s growth, Mike Miller will become KDB’s new CEO, and Doug Makosy will remain President. Additionally, John Boncher will join the company as Executive Chairman, joining Mike Miller and others from Blue Wolf on KDB’s Board of Directors.
Blue Wolf Capital Partners is a private equity firm that specializes in control investments in middle market companies. The firm manages challenging situations and complex relationships between businesses, customers, employees, unions, and regulators to create value for stakeholders.
FinSMEs
16/10/2019