Lindsay Goldberg (a leading private equity firm focused on partnering with families and founders) announced that The Kleinfelder Group (a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm backed by Lindsay Goldberg) has acquired Veenstra & Kimm (V&K).
This acquisition expands Kleinfelder’s presence in the Midwest region, accelerating its strategic growth initiatives and enhancing its capabilities and service offerings.
Originally founded in 1961 and headquartered in West Des Moines, Iowa, with additional locations in Illinois and Missouri, V&K offers a wide range of design, engineering, and environmental solutions throughout the Midwest region of the United States. V&K provides its services to public and private sector clients in transportation, water resources, land/site planning, and municipal end markets.
Steve Thompson, V&K’s Board Chairperson and Chief Operating Officer, supported by the V&K management team, will lead the business, becoming Kleinfelder’s newly created Midwest Division.
Advisors: Morrisey Goodale served as buy-side advisor; Winston & Strawn served as buy-side legal counsel; and KPMG provided buy-side transaction advisory and tax services for Kleinfelder. And PSMJ Resources served as sell-side financial advisors, Donahue Fitzgerald served as sell-side legal counsel, and Denman CPA provided transaction advisory and tax services for V&K.
KEY QUOTES:
“Establishing Kleinfelder’s presence in the Midwest is an exciting new chapter for us. V&K has over 60 years of exceptional client service and market reach that will enable Kleinfelder to accelerate growth and deliver greater value to new and existing clients, partners, and communities.”
– Louis Armstrong, Kleinfelder’s President and Chief Executive Officer
“Kleinfelder has established itself as a leading provider of regulatory-driven engineering and professional services to blue-chip public and private clients. The addition of Veenstra & Kimm will meaningfully expand and diversify Kleinfelder’s geographic reach, service offerings, and highly-skilled employee base. We are excited to support the continued execution of Kleinfelder’s strategic plan centered on organic growth and targeted acquisitions, and welcome V&K’s talented team to the Kleinfelder family.”
– Krishna Agrawal, Partner at Lindsay Goldberg
