KLH Capital has recapitalized San Antonio, Texas-based D&H United Fueling Solutions, a service provider of retail and commercial vehicle fueling facilities. No financial terms were disclosed. BlackArch Partners was financial advisor to D&H United on the transaction. D&H United is a portfolio company of Third Century Investment Associates.
CHARLOTTE, N.C. (PRWEB) MARCH 06, 2020
BlackArch Partners (“BlackArch”) is pleased to announce the recapitalization of D&H United Fueling Solutions (“D&H United” or the “Company”), a portfolio company of Third Century Investment Associates (“Third Century”), by KLH Capital.
D&H United (http://www.dh-united.com), headquartered in San Antonio, TX, is a leading service provider of retail and commercial vehicle fueling facilities. The Company provides service, equipment, installation and environmental services. D&H United has more than 230 employees and provides its portfolio of services across the largest service coverage in the Southwest, including Texas, New Mexico and parts of Arizona, Oklahoma, Colorado, Arkansas and Louisiana.
BlackArch was retained by Third Century and management to serve as the Company’s exclusive financial advisor. The transaction is another example of BlackArch’s deep expertise in industrial services and distribution, as well as experience throughout the fueling supply chain.
Preston Moister and Joel Iglehart, Managing Partner and Partner, respectively, of Third Century, commented, “The BlackArch team performed exceptionally well for D&H United. BlackArch demonstrated a deep understanding of the Company’s market and delivered consistent, senior-level attention throughout the process.”
Bo Sasnett, CEO of D&H United, added, “We could not be more pleased with our engagement with BlackArch as our financial advisor for this transaction. The BlackArch team was knowledgeable, hardworking, dedicated and professional. Ultimately, they delivered the right deal with the right partner for our Company.”
About Third Century Investment Associates
Third Century Investment Associates manages growth capital for significant investments in privately-held businesses throughout the United States and Canada. The firm invests actively in partnership with operating companies and carefully selected management teams. Third Century’s team targets proven businesses in specialized, high-growth sectors to develop new company investments over the long-term.
About KLH Capital
Founded in 2005, KLH Capital is a private equity firm serving family- and founder-owned, lower middle-market companies in the specialty services, value-added distribution, and niche manufacturing industries. The firm makes minority and majority equity investments in businesses to allow owners to harvest the value in their companies, to provide ownership opportunities for key managers, and to support the future growth of the business.
About BlackArch Partners
BlackArch Partners is a leading middle-market investment bank offering services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of entrepreneurs, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, NC, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed over 350 transactions in 16 countries on four continents. Please visit our website, http://www.blackarchpartners.com, for more details.