Exclusive Buy-Side Advisor
Kelvin Group
About the Company
Kelvin Group (“Kelvin” or the “Company”) is a leader in the field of industrial and commercial mission-critical mechanical services, process safety management, and environmental compliance. The Company’s portfolio of brands includes ARC Mechanical, RD&S, HCG Associates, and now, Advanced Examination Services (“AES”). Serving world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries, Kelvin and its subsidiaries deliver turnkey design and installation solutions, plus preventative maintenance. Kelvin has been a portfolio company of Southfield Capital (“Southfield”) since 2017.
a portfolio company of
has acquired
Exclusive Buy-Side Advisor
Situation
Kelvin acquired Torrence, CA-based AES, a leading provider of non-destructive testing services for the petroleum, chemical, and agricultural industries. The acquisition benefits Kelvin’s refrigeration customers, fortifies its compliance offerings, and extends the Company’s brand portfolio. The acquisition of AES represents Kelvin’s ninth acquisition since partnering with Southfield.
Engagement
As Kelvin bolsters its current services, adds new ones, and expands geographically, acquisitions have become a core part of the Company’s growth strategy. Kelvin and Southfield engaged G2 Capital Advisors, LLC (“G2”) as the exclusive buy-side advisor to identify and originate acquisition targets for the Company. G2 works as a trusted advisor and long-term strategic partner in growing our clients’ businesses. We bring industry-specific experience and a breadth of relationships to every engagement.
Outcome
Harry Gray, CEO of Kelvin, commented, “We are excited to welcome the AES team into the Kelvin family of brands. Their reputation for delivering innovative technical services is a testament to their unparalleled expertise and unwavering commitment to safety and client satisfaction. This partnership presents an exciting opportunity for us to leverage AES’s advanced non-destructive testing solutions, benefiting Kelvin’s refrigeration customers, while concurrently fortifying HCG Associates’ compliance offerings.”
Southfield Principal, Chris Grambling, commented on the transaction, “AES is highly complementary to Kelvin, providing new services to Kelvin customers while bolstering our compliance division with the latest technologies. Our partnership with G2 has provided us with access to a wide range of high-quality acquisition opportunities supporting our goals for the future of the Kelvin platform.”
“It is exciting to see two complementary businesses that share a commitment to the highest standards of safety come together in the facilities services sector,” said Kerri Ford, Managing Director and Head of Technology & Business Services at G2 Capital Advisors. “We are pleased to support this partnership and are energized to realize more successes together.”
Deal Team
Sub-Sector
- Industrial Services
Contact
Let’s talk about how we can help your business.
Whether you are experiencing strong growth or periods of distress, our team is exceptionally prepared to support your strategic objectives with bespoke solutions. There is no one size fits all approach.