Yellow Cardinal Mergers & Acquisitions Announces the Sale of Kelchner, Inc.

About the Transaction

Yellow Cardinal Mergers & Acquisitions is pleased to announce the sale of Kelchner, Inc. to Strength Capital Partners, a private investment firm. Headquartered in Springboro, OH, Kelchner, a subsidiary of John Wood Group PLC is a leading excavation and civil construction services provider in the Southwest Ohio market. The Company’s services include site grading and heavy excavation, underground utility installation, soil stabilization, paving / flatwork, and other related services. With a combination of broad in-house capabilities and a trusted network of subcontractor relationships, Kelchner is a value-added, one stop partner for their customers. The Company is led by a talented, well-tenured management team headed by Chief Executive Officer Kevin Weckel. Strength is excited to partner with Kevin and the rest of the Kelchner team to continue their proven history of growth, to include executing on both organic growth initiatives and pursuing strategic acquisitions. Strength acquired Kelchner from John Wood Group PLC, a multi-national engineering and consulting firm headquartered in Aberdeen, Scotland.

Kelchner and John Wood Group were advised by Yellow Cardinal Mergers & Acquisitions. “Yellow Cardinal did a fantastic job, from the start of getting the company ready to go to market, all the way through the closing the deal. They provided great insight on what information was needed and how to best present it. One of the most important aspects from my side was ensuring that our company and the buyers were aligned with each other, which Yellow Cardinal was spot on with providing. This really provided great comfort for the future of the company and its employees,“ said Kevin Weckel.*

About Kelchner, Inc.

Kelchner has served Southwest Ohio since its inception in the 1940’s. Its high quality of work, dedication to customer service and a 75+ year history have created a strong reputation in the market and a leading market share within their core geographies.

About Yellow Cardinal Mergers & Acquisitions

Yellow Cardinal Mergers & Acquisitions was the exclusive financial advisor to Kelchner, Inc. in connection with the sale of the Company. Yellow Cardinal assists buyers and sellers in navigating the complexities of M&A transactions. With over 150 years of combined experience, Yellow Cardinal has a wide range of capabilities and expertise including sell-side merger and acquisition, buy-side strategy and execution, and business succession services.

* Testimonials may not be representative of the experience of other clients of Yellow Cardinal Mergers & Acquisitions and are not a guarantee of future performance or success.