January 12, 2011: Azalea Capital is pleased to announce its investment in KLMK Group, a leading provider of client advisory services for the healthcare industry. Azalea’s investment will allow the Company to accelerate growth, ensure long-term stability while maintaining the culture and unique level and quality of its service offerings. This is Azalea's second investment from its third investment fund, Azalea Fund III, LP.
KLMK, headquartered in Richmond, VA, is a leading provider of innovative facility solutions to visionary healthcare owners. KLMK’s dynamic team of experienced and multidisciplinary professionals provides independent, objective and professional advice to healthcare providers involved in the launch, management, and transition of facilities and capital projects. With offices in Richmond, VA; Atlanta, GA; Birmingham, AL; Houston and Dallas, TX, KLMK's consulting staff supports a variety of healthcare capital projects in the Northeastern, Mid-Atlantic, Southeastern and Southwestern United States.
To complete this transaction, Azalea partnered with the Management team of KLMK, led by Mr. John Kemper, CEO, and Mr. Bill McMahon, President and COO. “Over the last few years, we have worked hard to customize our services to further meet the needs of the ever changing healthcare market,” said John Kemper, KLMK Group CEO. “Many opportunities exist for KLMK to expand into synergistic service lines that would further enhance the value that we bring to our clients. We analyzed numerous options but found the ideal solution for KLMK to guarantee the unique level and quality of service that our clients have come to expect was to partner with a private investment firm such as Azalea Capital. This partnership with Azalea will allow KLMK to leverage resources and build a more dynamic platform while addressing the changing dynamic of the healthcare market.”
“Azalea Capital invests in well-managed companies that are committed to growth and excellence,” said Patrick Weston of Azalea Capital. “When we first heard about KLMK, we were immediately intrigued. After meeting with senior management and evaluating the company’s business model, service platform and future vision, the partnership made complete sense. With the uncertainty of healthcare reform and the continued need to improve and renovate facilities, we are confident that our investment in KLMK will position the firm to lead the industry and provide the necessary framework to expand services.”
For more information on this investment or Azalea Capital, please contact Patrick Weston or visit www.azaleacapital.com.
About Azalea Capital
Azalea Capital is an investment firm with offices in Greenville, SC and Birmingham, AL. We provide strategic equity capital to middle-market companies in the Southeast to facilitate management buyouts, business recapitalizations, and growth plans. Partnering with management teams in scalable, operating companies with established revenues and cash flows, we provide both financial and human capital to significantly enhance the long-term equity value of the underlying business. Typical investment candidates will have minimum annual revenues of $10 million in the focus industries of manufacturing, distribution, business services, consumer products, and healthcare.