Wind Point Partners to Acquire Kleinfelder Group

Carrie Rossenfeld Professional Services

The Kleinfelder Group Inc., an engineering, construction management, design, and environmental professional services firm with corporate offices in San Diego, has signed a definitive agreement to be acquired by Wind Point Partners, a private-equity investment firm, in conjunction with the management of the firm, according to a release from Business Wire. The agreement is subject to shareholder approval, the release says.

According to the source, it is expected that the acquisition will close at the end of November. Houlihan Lokey Capital, Inc. is acting as financial advisor to Kleinfelder, and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP is acting as legal advisor to Kleinfelder.

George J. Pierson, CEO of Kleinfelder since late 2016, is quoted in the release as saying, “The change in ownership will not affect the company’s current management team, nor its current operations.”

Pierson adds that the partnership “will help remove the final obstacle of an unsustainable capital structure and allow Kleinfelder and the professional men and women of Kleinfelder to achieve their full potential. With Wind Point as a partner, we expect to see significant growth and opportunity for all our employees, while continuing to provide superior service to our clients.”

Nathan Brown, a managing director at Wind Point Partners, adds, “We are excited about the opportunities to work in collaboration with George and the Kleinfelder leadership team to take the company to the next level.”