BRH Garver | January 21, 2022
Kidd & Company, LLC ("KCO"), a leading family office investment firm focused on the middle market, announced it has acquired BRH Garver Construction, LP ("BRH Garver").
Founded in 1971 and headquartered in Houston, TX, BRH Garver is a specialty construction services firm focused on micro-tunneling with extensive public work experience as well as experience with private contracts and aligned competencies in other areas of site/civil construction. The company's primary focus is the construction of pipelines for water, sewage, and drainage systems for public municipalities. BRH Garver's deep experience and culture of service excellence have been critical to the company's track record of growth and outstanding reputation with leading municipalities and private sector clients.
"We are delighted to be partnering with Alan Pate, David Ellett, and Todd Hendricks to build on the terrific foundation they have created, and together we plan to continue to grow BRH Garver by expanding its capabilities to serve the increasing demands of the market, BRH Garver's capabilities in micro-tunneling are without equal, and the level of management depth extends deep into the organization. This investment fits perfectly with KCO's investment strategy of partnering with the owners of great companies to leverage their strengths and experience and fundamentally enhance the value of their businesses."
-James Benedict, a Principal at KCO and Board Director.
In conjunction with the acquisition, BRH Garver expanded its management team with the appointment of industry veterans Gene Kemp as CEO and Leslie Hess as CFO. Gene and Leslie have more than 65 years of combined experience having worked in virtually every segment of the construction industry across multiple end markets in the United States and abroad.
Alan Pate, President of BRH Garver, said, I am looking forward to working with Gene, Leslie and KCO. There are many growth opportunities for BRH Garver and we are confident in our ability to capitalize on them with the help of our expanded management team and the additional resources that come from the KCO team.
Gene Kemp stated, I am excited to be joining an organization that is recognized for its excellent reputation and track record. BRH Garver is extremely well-positioned with its current customers and is poised to continue growing by expanding its capabilities and adding new customers.
Leslie Hess commented I am thrilled to join BRH Garver which has a wonderful company foundation and significant opportunities for the future growth supported by the strong market tailwinds, great customer relationships, solid reputation and depth of talent.
Matthew Cook, a KCO Principal and Board Director, added, We are extremely impressed with the franchise that BRH Garver has built with its strong customer relationships and outstanding reputation. We are thrilled by the opportunity to take the company to the next level.
Alan Pate, David Ellett and Todd Hendricks made significant co-investments alongside KCO in the transaction. Community Bank of Texas provided additional financing.
About BRH Garver
Founded in 1971 in the Houston-area, BRH Garver provides specialized micro-tunneling services to public and private projects as well as related service competencies to other areas of site/civil construction. The Company owns and operates a large fleet of equipment and has an in-house fabrication facility that manufactures tools and equipment for specialty projects. The company's highly trained project managers, superintendents, equipment operators, qualified welders, and skilled craftsmen allow projects to be performed safely and on-time. For more information, visit www.brhgarver.com.
KCO is a family office investor focused on control equity investments. KCO traces its roots to 1976 when the firm's founding partner, Bill Kidd, made his first private equity investment. Since KCO is not a fund, the firm is more creative and flexible with the types of transactions that are evaluated and manner in which investments are structured than a typical private equity fund. For more information, visit www.kiddcompany.com.
Universal Fastening System (UFS), | November 01, 2021
A true engineering breakthrough by Universal Fastening System (UFS), announcing versatile designs for the fastener industry. UFS is a leader in design and engineering of proprietary technology including high performance drive systems for fastening applications in ALL industries; medical, automotive, aerospace, construction, marine, furniture, electronics using manual as well as robotic processes. This concept is a true game-changer.Imagine this: The best qualities of a screw, a bolt, a nut, and a nail - all combined into one system, which can come in three-, two-, or one-piece fasteners, depending on the application. Imagine a screw that can be guided from an angle into its final position, a nail that can be inserted with built-in resistance to bending. Imagine fasteners that can be secured and tightened using non-skid, no-slip, dual internal and external hybrid connections that mesh closely together in motion with their driver counterparts to resist stripping.
There is no need to imagine! This versatile fastener exists today as part of a universally applicable system and is available for licensing and use.
"Now, engineers and manufacturers can design better products and structures by placing fasteners in more desirable locations versus conventional need for straight-line access. Furthermore, failing, or existing fasteners can be replaced to improve functionality and longevity."
-Dr. Kianor Shah, inventor of the Universal Fastening (UFS) System
About UFS Components
UFS components can be made from any solid material such as metals, plastics, ceramics, and rubbers, in micro and macro sizes, with various methods. The fasteners can be driven or accessed from angles of up to 180-degrees and in the tightest of places, with an effectively designed head and driver that act as a carrier for manual or automated use, or as an anchor for a secondary process, such as a permanent or non-permanent joint. Its tamper-proof qualities can also be hidden for added security, restoration of esthetic features, or simply away from environmental exposure that may result in rusting and corrosion.
AMECO, One Equity Partners | June 11, 2021
AMECO, one ofNorth America'sleading construction and maintenance field services planning and management companies, was recently spun off by its parent company, Fluor Corporation. The company, which is headquartered inGreenville, S.C, with field operations throughoutthe United StatesandCanada, was purchased by middle market private equity firm One Equity Partners (OEP) for$73 million.
For more than 70 years, AMECO has managed and provided indirect products and services, including equipment, scaffolding, tools, consumable supplies and fleet management for capital construction, facility operations and maintenance projects on a global scale. Taking an integrated and collaborative approach to project management, AMECO is the premier company providing complete, packaged solutions to the industry. As an independent organization, AMECO will bring its world-class expertise to bear for a larger range of customers throughoutthe United StatesandCanadato enhance efficiency, increase craft productivity, streamline billing and supply chain management and reduce costs for large projects and ongoing maintenance needs.
AMECO has assembled a strong senior management team comprised of long-tenured construction and maintenance executives, including many former and present AMECO team members, to lead the organization.Gary Bernardez, who led AMECO from 2001-2012, will serve as chief executive officer.
As a field services company, AMECO delivers unique solutions for efficient planning and management of indirect construction products and services throughout the project life cycle to the construction and maintenance markets in the U.S. andCanada. Headquartered inGreenville, S.C., AMECO serves owners and contractors on capital construction projects and in ongoing facility operations with an emphasis on energy, chemicals, mining, biotech, manufacturing and infrastructure end markets.
About One EquityPartners
One Equity Partners (OEP) is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors inNorth AmericaandEurope. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015.