Houlihan Lokey Advises The Kleinfelder Group

Houlihan Lokey is pleased to announce the sale of The Kleinfelder Group, Inc. (Kleinfelder), a portfolio company of Wind Point Partners (Wind Point), to Lindsay Goldberg and Kleinfelder management. The transaction closed on September 18, 2023.

Based in California, Kleinfelder is an engineering, construction management, design, and environmental professional services firm. The company is uniquely positioned to serve a diverse base of customers across the power, transportation, water, and environmental end markets throughout the United States, given its scale and breadth of services.

Wind Point is a Chicago-based private equity investment firm with approximately $6 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 business services, consumer products, and industrial products sectors. Wind Point is currently investing out of Wind Point Partners X, a fund that was initiated in 2022.

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders, and management teams seeking to actively build their businesses. Since 2001, Lindsay Goldberg has raised more than $17 billion of equity capital and has invested in over 60 platform companies and over 300 follow-on opportunities. The firm focuses on three industries that typically demonstrate resilience across economic cycles, including industrials, services, and healthcare. Lindsay Goldberg takes a relationship-driven approach and is supported by its global network of affiliate partners.

Houlihan Lokey served as the exclusive financial advisor to Kleinfelder. This deal exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the engineering and infrastructure services sector, the benefits of the lender education process, the relationships fostered through our Financial Sponsors Coverage team, and the continued success in partnership with Kleinfelder management, having represented the company in its sale to Wind Point in 2018.