Roark Capital and Kohlberg announced a strategic partnership with GPRS Holdings. Kohlberg, the previous majority owner of the company, will remain a minority investor and partner with Roark to accelerate growth further. The company’s management team, led by CEO Matt Aston, will continue to lead GPRS and remain significant business owners.
Based in Maumee, Ohio, GPRS provides subsurface damage prevention, documentation of existing conditions, and facility management solutions to utilities, contractors, engineers, and businesses in every primary market in the US. The company’s full suite of essential infrastructure visualization services allows GPRS to support clients through the entire asset life cycle, from design through construction and long-term operations. With SiteMap, a software solution that delivers crucial, up-to-date infrastructure visualization information, GPRS continues developing innovative services for its clients.
Guggenheim Securities served as exclusive financial advisor and Paul Weiss served as legal advisor to Roark. And Harris Williams, Houlihan Lokey, and Keybanc Capital Markets served as financial advisors and Ropes & Gray served as legal advisor to GPRS.
KEY QUOTES:
“We are thrilled to partner with Roark while continuing our valued partnership with Kohlberg. All three organizations share a vision for innovation, growth, and operational excellence. Together, we will continue to lead the industry in providing solutions that ensure safety and efficiency for our customers.”
– Matt Aston
“GPRS has established itself as a leader in the industry, and we are excited to partner with them to support their continued growth and innovation. GPRS’s unique offerings provide a compelling value proposition to thousands of clients around the country, helping to maintain high standards of safety. We see tremendous opportunity ahead for the GPRS team.”
– Mike Thompson, Managing Director at Roark
“GPRS’s service delivery model, culture, and track-record of excellence in the industry align perfectly with Roark’s investment philosophy. We are thrilled to partner with Matt and the entire team on this next chapter.”
– Mark Lawrence, Principal at Roark
“It has been a pleasure collaborating with Matt and the entire GPRS team to grow and expand the Company. We are proud of the tremendous progress GPRS has made during our partnership and are excited to continue supporting their future growth alongside Roark.”
– Benjamin Mao, Senior Partner at Kohlberg
“At this critical juncture in GPRS’ evolution, we are excited to build upon this success with Roark, a firm well recognized for working with companies to accelerate growth. With the support of Roark and Kohlberg, we are confident in GPRS’ ability to continue expanding and delivering industry-leading services to both new and existing customers.”
– Gus Harwood, Partner at Kohlberg
