CenterOak Partners acquires HK Solutions

CenterOak Partners has acquired HK Solutions Group, a portfolio company of Summit Equity Group.

CenterOak Partners has acquired HK Solutions Group, a portfolio company of Summit Equity Group. No financial terms were disclosed. BlackArch Partners was financial advisor to HK Solutions on the deal. Based in Des Moines, Iowa, HK Solutions is a provider of infrastructure inspection, cleaning and maintenance services, as well as wastewater treatment and environmental services.

PRESS RELEASE

CHARLOTTE, N.C. (PRWEB) AUGUST 04, 2021
BlackArch Partners, LLC (“BlackArch”) is pleased to announce that HK Solutions Group (“HK Solutions” or the “Company”), a portfolio company of Summit Equity Group, LLC, has been acquired by CenterOak Partners, LLC (“CenterOak”).

HK Solutions, headquartered in Des Moines, IA, is a premier provider of infrastructure inspection, cleaning and maintenance services, as well as wastewater treatment and environmental services. The Company serves municipal and industrial customers located predominantly in the Midwest, offering a diverse and distinctive portfolio of capabilities designed to support the ongoing maintenance needs of public and private infrastructure across a wide range of end markets. The Company’s sales and customer service efforts are supported by a team of business development directors with nationally recognized subject matter expertise. Over the past several years, HK Solutions has successfully accelerated its organic growth profile while also completing multiple strategic acquisitions to further strengthen the Company’s footprint, capabilities and competitive positioning.

Wade Anderson, CEO, HK Solutions, stated, “I have nothing but the upmost respect and appreciation for the BlackArch team. They represented HK well in their interactions with all involved parties while doing a great job of supporting and engaging side-by-side with our team to meet necessary timelines to keep everything on track. HK’s bright future with CenterOak Partners is only possible because of BlackArch’s professionalism, hard work and overall passion for our industry leading us through this process.”

Dennis Bailey, Managing Partner, Summit Equity Group, added, “The entire BlackArch team did an excellent job at every stage of the sale process. Their responsiveness and round the clock attention to detail drove a smooth and timely outcome. With deep understanding of our industry, BlackArch also identified an ideal partner in CenterOak Partners who will be instrumental in the continued growth and success of HK Solutions Group.”

Transaction Highlights
CenterOak Partners has acquired HK Solutions Group
The Company’s management team will continue to lead the business and remain an integral part of the shareholder group during HK Solutions’ next phase of growth
BlackArch leveraged its industry experience and process management expertise to drive an expedited process and achieve a strong outcome for management and the shareholders
BlackArch was retained by HK Solutions to serve as the Company’s exclusive financial advisor. The transaction furthers BlackArch’s position as an advisor-of-choice for leading industrial, infrastructure and environmental services companies and is representative of the firm’s focus on providing unique, tailored M&A advisory services to market-leading, high-growth businesses.

About HK Solutions
HK Solutions, headquartered in Des Moines, Iowa, provides water and wastewater infrastructure inspection, cleaning and repair services, as well as industrial services and wastewater treatment to customers predominantly in Midwestern states of the U.S. HK Solutions’ diverse set of service offerings are designed to support the ongoing maintenance needs of existing public and private infrastructure, including sewer lines, manholes, stormwater systems, large diameter pipe and industrial facilities. With an extensive fleet of vacuum trucks, pipe inspection units and hydroblasting equipment, HK Solutions differentiates itself based on its breadth of services and highly skilled workforce serving the growing needs of municipal and industrial markets in the Midwest. The Company’s 150+ employees support its mission to provide unmatched industrial and municipal cleaning and rehabilitation services. For more information, please visit http://www.hksolutionsgroup.com.