November 11, 2013: Azalea Capital is pleased to announce the sale of KLMK Group, Inc. to CBRE Group, Inc., a Fortune 500 and S&P 500 company based in Los Angeles, California. KLMK Group is a leading provider of facility consulting, project advisory and facility activation solutions to the healthcare industry. The company, which is based in Richmond, Virginia, serves healthcare systems throughout the U.S.
John Kemper, CEO of KLMK, stated, "The relationship with Azalea Capital could not have been better. They delivered on all commitments made during our purchase process and were a value added partner during our three years together. Azalea provided valuable business expertise and advice as well as connections and introductions in our market space. They exceeded all my expectations coming into our relationship and their Limited Partners were more than willing to assist us in our pursuit of new business."
Benny LaRussa, Azalea Partner and former KLMK Chairman, added, "On behalf of the entire Azalea Capital team it was a true pleasure to partner with John Kemper CEO of KLMK and his team. KLMK has established itself as a meaningful player in the healthcare facilities and strategic support areas. KLMK will continue to flourish as an integral part of the CBRE healthcare group. We wish John and the entire KLMK team continued success."
KLMK provides innovative facility solutions to healthcare owners. KLMK's dynamic team of experienced and multidisciplinary consulting 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 consultants support a variety of healthcare capital projects in the Northeastern, Mid-Atlantic, Southeastern and Southwestern United States.