BluSky Announces Recapitalization and Partnership with KLH Capital

Centennial, CO, May 4, 2015 – BluSky Restoration Contractors, LLC is pleased to announce the successful recapitalization & investment by KLH Capital of Tampa, FL. This additional capital will enable one of the country’s leading restoration, renovation, environmental & roofing contractors to accelerate its growth and continue to expand its service offerings throughout the US. BluSky is one of the largest & most respected firms in its industry and has received numerous accolades from local & national business associations, being named to the Inc.5000 Honor Role for making Inc Magazine’s list of the Fastest Growing Private Companies for five years straight. BluSky has also been recognized as a Best Company to Work for in Colorado six times and was on the inaugural list of the fifty Colorado Companies to Watch. Founder Terry Shadwick was also an Ernst & Young Desert Region, Entrepreneur of the Year finalist three times.

“I am excited for the opportunity this recapitalization & partnership will provide for our employees, customers, and industry partners” says BluSky founder Terry Shadwick; “and KLH was the perfect fit to ensure our values and brand remain the platform for our rapid growth & market expansion.”

BluSky was represented in the transaction by Capital Value Advisors, Baker Hostetler, Dale J Coplan PC, and Bauerle and Company.

What we loved about BluSky was their exceptional management team, culture, values, and core processes” said Will Dowden, Partner at KLH Capital. “It is rare to find so many qualities in a firm the size of BluSky. We believe that BluSky is in a perfect position to grow organically, as well as through acquisition, and we look forward to supporting management’s plans for the business in the years to come.

The transaction was closed on May 1, 2015.

For more information about BluSky or the transaction, please contact CEO, Kent Stemper at kstemper@goblusky.com.

ABOUT KLH
KLH Capital is a fully capitalized SBIC-licensed private equity firm which currently manages $165 million in capital across two funds. During their nearly 30-year business tenure, they have successfully completed more than 130 transactions, including recapitalizations, management buy-outs and buy-ins, family successions & retirement transitions, and corporate divestitures. For more information, visit: klhcapital.com

About CVA
CVA, a member of FINRA, provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation and private capital raising services. CVA is committed to its mission to make being an entrepreneur as rewarding as possible. For more information, visit: capitalvalue.net

About BluSky
BluSky provides commercial, industrial, governmental, and multi-family restoration, renovation, environmental, and roofing services across the US. With an emphasis on commercial, large losses, and emergency restoration services, BluSky doesn’t build things, they rebuild them. BluSky’s engaged employees bring experience and teamwork to anyone who owns or manages property, provides property insurance, or handles property insurance claims. For marketing and communication inquiries, please contact Stephanie Vogel, National Marketing Coordinator at 303.726.5362 or svogel@goblusky.com.

Change smoke detector batteries