Blue Point Capital Partners is exiting Kendall Vegetation Services, a BPCP IV portfolio company, through the sale of the business to Sterling Investment Partners.
For over 60 years, Kendall has provided vegetation management services to rural electric co-ops, investor-owned utilities and public municipal utilities across the Southeastern and Central United States. With services such as tree trimming, mowing, debris removal and storm restoration, Kendall is dedicated to providing safe and efficient right-of-way maintenance services to a diverse customer base.
As the first institutional investor in the multi-generation family-owned business, Blue Point worked alongside Kendall’s management team to implement new foundational processes and systems, transforming the Company into a highly scalable platform for growth and dramatically increasing EBITDA during its ownership. Kendall adds to Blue Point’s history of investing in utility service businesses.
K&L Gates served as legal counsel on the transaction, Stout acted as the Firm’s financial and tax advisor and Piper Sandler served as M&A advisor.
