Partners Group, a global private markets firm, and Kohlberg & Company (Kohlberg) have acquired BluSky Restoration Contractors (BluSky), a US provider of restoration services for commercial, industrial, healthcare, and multifamily real estate, on behalf of their clients.
Kohlberg and Partners Group acquired equal equity stakes in the transaction, with the Company’s management team also retaining a meaningful ownership stake. BluSky’s previous majority owner, Dominus Capital, retained a minority stake in the Company.
BluSky specialises in real estate damage services that stabilise emergency situations and restore businesses and property back to pre-loss condition. The Company’s restoration, remediation, environmental, and preventative planning services are essential for customers that experience water, fire, wind, environmental damages, or biological contamination at their buildings. BluSky has more than 900 employees and 40 branches across the country. BluSky’s national presence and support team, combined with a local, customer-centric delivery model, ensures consistent, reliable, and comprehensive services for both local and multi-location customers.
Both Partners Group and Kohlberg have extensive experience creating value at leading commercial and facility services businesses. Key management collaboration initiatives will include branch expansion into new markets, growing national accounts, expanding service capabilities, partnering with customers on ESG and workplace safety initiatives, and pursuing acquisitions.
Read more/Source: Private Equity Wire
