Latest News on KRG Capital
Sale represents KRG’s third successful exit in its $715MM Fund III
DENVER, CO (December 21, 2011)-KRG Capital Partners (KRG), a Denver-based private equity firm, completed its sale of Avizent to York Risk Services Organization, Inc., a portfolio company of ABRY Partners. The transaction closed on December 15, 2011. The all cash sale represents KRG’s third successful exit in its $715 million Fund III. Avizent, headquartered in Dublin, Ohio is a fully-integrated national risk management provider serving the workers’ compensation, auto and general liability segments.
Avizent’s innovative service offering includes third party claims administration (TPA), medical managed care services, network PPO access (including diagnostic scheduling services) and alternative risk solutions. Unlike most of its competitors that outsource most or all of these services, Avizent performs nearly all of its services in-house, creating a truly “integrated” product offering. Avizent’s customers include sophisticated … Read More »
KRG Capital Partners Completes Investment in AllPoints Investment represents ninth platform investment for KRG’s Fund IV DENVER, CO (December, 2010)
KRG Capital Partners (KRG), a Denver-based private equity firm, announced today that it has completed the acquisition of Consolidated Equipment Parts, Inc. and its wholly-owned subsidiaries, Consolidated Commercial Controls, Inc. d/b/a AllPoints Foodservice Parts & Supplies and Tundra Specialties, Inc. (collectively “AllPoints” or the “Company”) from Pfingsten Partners, L.L.C. AllPoints is a leading distributor of maintenance, repair and operation (“MRO”) parts, supplies and equipment to the foodservice industry. AllPoints is the ninth platform company for KRG’s $1.96 billion Fund IV and represents KRG’s third platform investment in the business services and distribution market.
“We are excited to partner with the AllPoints team,” noted Ted Nark, Managing Director of KRG Capital. “We believe the AllPoints platform represents a compelling opportunity to invest in a differentiated and growing distributor of critical MRO parts, supplies and equipment to the foodservice industry. Under the … Read More »
Investment represents eighth platform investment for KRG’s Fund IV
DENVER, CO (October 8, 2010)-KRG Capital Partners (KRG), a Denver-based private equity firm, announced today that it has completed an investment in PAS Technologies Inc. (PAS), a leading provider of innovative repairs and advanced coatings for the aerospace, industrial gas turbine (IGT), and oil and gas markets. PAS is the eighth platform company for KRG’s $1.96 billion Fund IV and represents KRG’s second platform investment in the aerospace market.
“We are excited to be partnering with the PAS team,” noted Chuck Hamilton, Managing Director of KRG Capital. “PAS is a customer-focused organization with impressive global repair and coating capabilities that enable it to deliver value-added solutions for its partners. We expect to continue to invest in the company’s people and technologies to expand PAS’ growth opportunities and to build upon the impressive … Read More »
KRG Capital Partners Completes Recapitalization in OLSON Completes first add-on acquisition for OLSON
DENVER, CO (June 8, 2010) – KRG Capital Partners (KRG), a Denver-based private equity firm, announced today that it completed a recapitalization of Minneapolis-based marketing agency, OLSON. KRG partnered with senior management to assist with the Company’s plans for continued rapid growth as a leading non-traditional agency with strong expertise in the interactive/digital sectors. OLSON also announced that it closed an add-on acquisition with Denali Marketing (“Denali”), a fast growing loyalty marketing agency based in Minneapolis. The OLSON transaction closed in October, 2009 and the Denali transaction closed on May 28, 2010. With the addition of Denali Marketing, OLSON is now one of the top 10 independent full-service marketing agencies in the United States, delivering one of the most comprehensive integrated offerings in the country.
KRG Co-Founder and Managing Director Bruce Rogers remarked, “OLSON represented an attractive investment opportunity for … Read More »
KRG Capital Partners Invests with Bain Capital Ventures, Ignition Partners and Management to Support Growth of Liberty Dialysis
Investment represents sixth platform investment for KRG’s Fund IV
DENVER, CO (April 9, 2010) – KRG Capital Partners (KRG), a Denver-based private equity firm, announced today that it has completed an investment in Liberty Dialysis, LLC (Liberty), currently the third largest private dialysis company in the U.S., operating more than 100 dialysis clinics throughout the country. Liberty is the sixth platform company for KRG’s $1.96 billion Fund IV. Current investors Bain Capital Ventures and Ignition Partners are participating in the investment alongside KRG.
“We are very excited to be partnering with Bain Capital Ventures, Ignition Partners and the management team at Liberty to support the growth of this great company,” noted Mark King, Co-Founder, and Managing Director of KRG Capital. “We believe Liberty is uniquely positioned, through its partnerships with nephrologists and hospitals, to provide end-stage renal disease (ESRD) patients with … Read More »
Sale represents KRG’s first full exit in its $715MM Fund III
Denver, CO (March 16, 2010) – KRG Capital Partners (“KRG”), a Denver-based buyout firm, completed its sale of ATI Holdings, (“ATI”) to GTCR Golder Rauner LLC (“GTCR”). The transaction closed on March 12, 2010. The all cash sale represents KRG’s first full exit in its $715 million Fund III. ATI is a provider of outpatient physical therapy services with an offering that includes physical rehabilitation, hand therapy, aquatic therapy, work conditioning/work hardening, sports medicine and functional capacity assessments.
Founded in 1996, ATI has distinguished itself in the highly fragmented physical therapy industry through a combination of its proprietary treatment strategies, facility design, and focus upon the patient. ATI’s comprehensive approach to therapy and proven treatment techniques combine the most effective elements of physical therapy, exercise physiology and athletic training, resulting … Read More »
Tri-County Petroleum, Inc. Completes Acquisitions of Loos & Dilworth, Inc. and Loos & Dilworth Company, Inc.
Riddlesburg, PA (April 1, 2009) – Tri-County Petroleum Inc. (“Tri-County”), a leading distributor of petroleum lubricant products, announced today that it has acquired Loos & Dilworth, Inc. and Loos & Dilworth Company, Inc. (collectively “Loos & Dilworth” or the “Company”) from its shareholders Rick Campbell and Gregg Draper.
Tri-County is focused on acquiring best-in-class lubricant distributors to expand its geographic footprint and service offering to customers. “Loos & Dilworth is a great addition to Tri-County with its experienced management team, its strategic locations near Philadelphia and Baltimore, its strong supplier relationships and its long-standing customer relationships,” said Robert Black, President of Tri-County Petroleum. “We are excited about the growth opportunities of our combined platform.”
Loos & Dilworth, a 116 year old company, will provide Tri-County with a strong regional supplier of passenger car motor oils from leading suppliers throughout the combined company’s … Read More »
DENVER, CO (February 17, 2009) – KRG Capital Partners (KRG), a Denver-based private equity firm, announced that it has completed an investment in Federal Flange, Ltd. (Federal) a leading specialty manufacturer of oilfield hardware including flanges and related components and accessories. KRG completed the acquisition of Federal by bridging the entire transaction with KRG’s fund capital and will be conducting the debt financing of the Company post-closing. Federal is the 3rd platform company for KRG’s $1.96 billion Fund IV. “We are very excited to be partnering with the management team at Federal to support the growth of this great company” noted Chuck Hamilton, Managing Director of KRG Capital. “We believe Federal’s unique model will allow it to outperform the energy cycle and take advantage of the continuous need for rapid-response, high quality, specialty manufacturing services in multiple end markets.” “KRG’s … Read More »
DUBLIN, OH – Beginning April 1, 2008, The Frank Gates Companies/Attenta will become Avizent™. Together, Frank Gates and Attenta have 100+ years of experience in risk management, third party claims administration and medical management. “Our knowledgeable claims managers will continue to serve as trusted advisors, cultivating an expert knowledge of our clients’ businesses. Although our name may be changing, our core services and commitment to our clients will remain the same,” explained Frank C. Vidrik, President and CEO.
Avizent offers many advantages for employers, including:
National claims administration for all lines of business, including workers’ compensation, liability, property and USL&H;
Special expertise in self-insured and multi-state program management, as well as large deductible programs;
A comprehensive suite of in-house, integrated medical managed care capabilities (PPO networks, utilization review, medical bill review, case management, pharmacy benefit management);
Alternative risk programs, such as captives and self-insurance options … Read More »
The Investment is the 1st Platform Company in KRG’s Fund IV 888 DENVER, CO (March 17, 2008)
KRG Capital Partners (KRG), a Denver-based private equity firm, announced that it has completed a control investment in Tronair, Inc. (Tronair). Tronair, based in Holland, OH, is a leading manufacturer and marketer of ground support equipment for business, regional and commercial aircraft. The Tronair acquisition represents the 1st platform company for KRG’s $1.96 billion Fund IV and the 32nd platform company since KRG’s inception.
“We are very excited to be partnering with the management team at Tronair” noted Steve Neumann, Managing Director, of KRG Capital. “Our objective is to build upon Tronair’s reputation as a trusted manufacturer of premium aviation ground support equipment by expanding our product offering both organically as well as through strategic acquisitions.
Despite the challenging credit environment, the transaction received strong support … Read More »