Twin Brook provided financing to support Blue Point Capital Partners’ leveraged buyout and recapitalization of W.A. Kendall and Co.
Headquartered in Lawrenceville, GA, W.A. Kendall provides vegetation management services — including tree trimming, mowing, line clearing, debris removal, storm restoration, and other services — to utility companies in the Southeast United States.
With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point Capital Partners is a private equity firm managing over $1.5 billion in committed capital. The firm typically invests in businesses that generate between $20 million and $300 million in revenue.
Over its 19-year history, Blue Point has made over 35 investments in similar sectors to W.A. Kendall.
“Given its impressive reputation and growth, W.A. Kendall is a perfect example of the type of company with which Blue Point aims to invest. We look forward to partnering with and assisting the management team as they continue to evolve WAK’s capabilities and drive profitable growth,” said Brian Castleberry, a principal with Blue Point.
“Our team really valued Blue Point’s experience in the utility services sector, as we believe they can help us to improve and grow our offerings to current and new utility customers,” said Robert Williams, president of W.A. Kendall. “Our team has worked extremely hard to achieve our level of success to date, and we are excited for the next chapter in partnership with Blue Point.”
BB&T Capital Markets served as the exclusive financial advisor to W.A. Kendall in connection with the transaction.
Based in Chicago, Twin Brook is the middle market direct lending arm of Angelo Gordon. The firm targets senior financing opportunities up to $400 million with hold sizes across the Twin Brook platform ranging from $25 million up to $150 million.
