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.
Patrick Industries, Inc. | August 10, 2021
Patrick Industries, Inc. announced today that it has completed the acquisition of Nashville, Georgia-based Coyote Mfg. Co., a leading designer, fabricator, and manufacturer of a variety of steel and aluminum products, including boat trailers, towers, T-tops, leaning posts, and other custom components, primarily for the marine OEM market.
"Coyote is a high-quality creative brand in the marine market known for its product innovation, customized style, and superior customer service," said Andy Nemeth, Chief Executive Officer of Patrick. "Coyote's marine components complement Patrick's growing portfolio in the OEM market while offering the potential for expansion into other leisure lifestyle markets. In keeping with our full solutions business model, our partnership with Coyote will provide additional resources and a wide breadth of marine products to better serve our customers across the U.S."
David Money, co-owner of Coyote, commented, "The Coyote team is very pleased to join the Patrick family and we look forward to partnering with Patrick to continue to drive innovation with our product offerings, in addition to further broadening our geographic reach." Tony Lanier, co-owner of Coyote, further commented, "Patrick's strategic resources and marine industry presence will add value to our team's ongoing commitment to excellence."
About Patrick Industries, Inc.
Patrick Industries is a leading component solutions provider for the RV, marine, manufactured housing and various industrial markets – including single and multi-family housing, hospitality, institutional and commercial markets. Founded in 1959, Patrick is based in Elkhart, Indiana, with over 10,000 employees and 160 businesses across the United States.
Konrad ,LHP Engineering Solutions | May 26, 2021
Konrad Technologies and LHP Engineering Solutions are collaborating to deliver their new A3DAS Solution, workflow management with test automation for ADAS and ADS functional safety standards to the automotive industry.
For the past 25 years, Konrad Technologies has been a worldwide supplier of automated test equipment for the Consumer Electronics, Automotive, and Aerospace/Defense markets. LHP Engineering Solutions (LHP) is a global engineering services provider and technology integrator within the transportation sector.
With the ongoing adoption of advanced driver-assistance systems (ADAS) and automated Driving Systems (ADS) within the automotive industry, there is a tremendous initiative to establish safety standards to support mass technology deployment. to make sure that these ADAS and ADS systems comply with safety standards, manufacturers need an efficient and cost-effective method for thoroughly testing and validating performance. LHP and Konrad Technologies are leveraging their experiences in functional safety and sensor test, respectively, to develop a cohesive testing and tracking workflow process for several ADAS/ADS safety standards like SOTIF and EuroNCAP.
"Konrad Technologies provides test automation tools for radar, camera, lidar, and ADAS overall. LHP provides state-of-the-art functional safety workflows and tools. Together, we enable accelerated testing of ADAS systems in a functional safety environment that meets the latest safety standards and certification, keeping the public safe and protecting companies from liability," said Steve Neemeh, Chief Technology Officer, LHP. "The way forward for automotive is fully autonomous. As ADAS systems evolve and get more and more complex, their verification becomes exponentially more complex. Konrad Technologies and LHP will be there every step of the way with the best in verification and validation equipment and process management tools."
"Pairing LHP's functional safety experience with Konrad Technologies' expertise in ADAS tests with a traceable workflow management process connected to an open test platform, creates an effective joint design and test effort for the ADAS/ADS development process with traceability for functional safety standard requirements," said Ram Mirwani, Director of Global Business Development at Konrad Technologies. "The open test platforms enable connectivity to multiple third-party test tools for customized test plans consistent with any ADAS functional safety standard."
The unique solution provided by the partnership between Konrad and LHP offers a big improvement in cost savings, faster time to market, and the standardization of the process for complying with functional safety regulations and requirements. Together, both LHP and Konrad are committed to providing the complete automation of the ADAS testing environment in a manner that accounts for every standard.
Since 1993, Konrad Technologies has successfully designed, developed, and integrated customer-specific test solutions worldwide. Konrad Technologies has engineering experience throughout a wide range of industries, including automotive, aerospace and defense, consumer electronics, medical electronics, and industrial manufacturing. Konrad Technologies is a founding member of ADAS iiT - Innovation in Test, a consortium that provides a complete ecosystem of technologies and test solutions for Advanced Driver Assistance Systems and autonomous vehicles. Konrad Technologies is a NI (formerly National Instruments) Platinum Alliance Partner, RF & Wireless Specialty Alliance Partner, and Vehicle Radar Test System Specialty Alliance Partner. Konrad Technologies, KT and Konrad GmbH are all representative of Konrad Technologies worldwide.
About LHP Engineering Solutions
Since 2001, LHP Engineering Solutions has provided engineering services and technology integration for the greater transportation industry. LHP's mission is to create a safer, smarter, and more connected world through its knowledge in embedded controls, telematics, and data analytics by focusing on the safety adherence and integration of autonomous systems within vehicles. LHP specializes in creating comprehensive, flexible solutions that address the current needs in the transportation industry.