Honigman Represents Kelso Industries in connection with Continuation Vehicle Transaction

Honigman recently represented Kelso Industries, a portfolio company of Peterson Partners, in connection with the closing of Peterson Kelso Coinvest, LP’s single-asset continuation vehicle for Kelso.

Kelso Industries is a Draper, Utah based provider of mechanical, electrical, and plumbing (MEP) services to commercial, institutional, and industrial customers. Founded in 2021, the company operates across more than 40 states and has more than 4,000 employees nationwide. As part of the transaction, NorthSands Capital served as the sole lead investor in the continuation vehicle, and Peterson Partners Fund X rolled its existing position and made an additional investment in Kelso.

A Honigman deal team led by Corporate Partners Evan Leibhan and Alexander Whang, with support from Tax Partner Ilan Napchan, advised Kelso Industries on the transaction.

Read more here: Peterson Partners Raises Continuation Vehicle for Kelso Industries; NorthSands Capital Serves as Sole Lead Investor