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THE KLEINFELDER GROUP TO BE ACQUIRED BY WIND POINT PARTNERS

Wednesday, 21 November 2018

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Kleinfelder Signs Definitive Agreement to be Acquired by Private Equity Investment Firm

SAN DIEGO, California - The Kleinfelder Group Inc., an engineering, construction management, design and environmental professional services firm with corporate offices in San Diego, CA, announced today that, subject to shareholder approval, it 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.

“The change in ownership will not affect the company’s current management team, nor its current operations,” said George J. Pierson, who has served as Kleinfelder’s CEO since late 2016. As CEO, Pierson and his team have focused on strengthening the management team, and implementing a culture of authority, responsibility and accountability across the business to achieve significant growth in profitability across its operations.

“This partnership with Wind Point 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,” said Pierson.

“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,” said Nathan Brown, a Managing Director at Wind Point Partners.

Upon shareholder approval, 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.

About Kleinfelder

Founded in 1961, Kleinfelder, Inc. is an engineering, construction management, design and environmental professional services firm. Kleinfelder operates over 60 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California.

About Wind Point Partners

Wind Point Partners is a Chicago-based private equity investment firm with approximately $2 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners VIII, a $985 million fund that was initiated in 2016. For more information, please visit www.windpointpartners.com.