DENVER (2015) – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce its sixth transaction of the year with the recapitalization of BluSky Restoration, LLC (“BluSky”) by KLH Capital (“KLH”). Class VI served as the exclusive financial advisor to BluSky.
Recapitalization Success Story
“BluSky is an amazing success story of perseverance, innovation and entrepreneurship that will be a terrific platform investment for KLH. We are excited for Terry, Kent and the entire BluSky team as they continue their growth and market development,” said David Tolson, Managing Director for Class VI Partners.
“Terry built a phenomenal company focused on customer success using a disciplined approach around business processes. The net result was 96% customer satisfaction…I don’t know of many companies that can boast that kind of commitment to their customers.”
Based in Centennial, Colorado, BluSky provides commercial, industrial, governmental, and multi-family restoration, renovation, environmental, and roofing services across the continental US. With an emphasis on large projects, the Company doesn’t build things; it restores and rebuilds them. The Company’s engaged employees bring experience and teamwork to anyone who owns or manages property, provides property insurance, or manages property insurance claims. With a strong brand and stellar reputation, the Company responds to natural as well as man-made disasters nationwide.
The Company has a long list of accolades and recognitions, including being named by Inc. Magazine as one of the 5000 fastest growing private companies for five years straight. It has also been recognized as a Best Company to Work for in Colorado six times and a Colorado Company to Watch in 2013. Founder Terry Shadwick was also an Ernst & Young Desert Region Entrepreneur of the Year finalist three times.
“David and his team did an outstanding job understanding our business. The materials they put together to market the Company captured our business very well, and enabled others to easily understand the value in our organization. That alone generated significant excitement in the market. Throughout the process, David ensured that the transaction did not divert from the objectives we had discussed at the outset, and ultimately he and Class VI helped me accomplish my goals. In addition, he and his team were great to work with,” noted Terry Shadwick, CEO and Founder, BluSky.
“What we love about BluSky is their exceptional management team, culture, values, and core processes,” said Will Dowden, Partner at KLH. “It is rare to find so many qualities in a company the size of BluSky. We believe that BluSky is in a perfect position to grow organically, as well as through acquisitions, 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.
About KLH Capital
KLH Capital is a fully capitalized SBIC-licensed private equity firm which currently manages $165 million in capital across two funds. During its nearly 30-year business tenure, it has successfully completed more than 130 transactions, including recapitalizations, management buy-outs and buy-ins, family successions and retirement transitions, and corporate divestitures.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Terry Shadwick, Founder and CEO of BluSky, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Terry Shadwick may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.