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Pompano Beach, FL – October 2020 – Shenandoah Industrial Services (“Shenandoah” or the “Company”) is pleased to announce the acquisition of Bay Area Environmental Services (“Bay Area”), a water utility services company providing critical water and sewer pipeline cleaning, testing, and restoration services to corporate and industrial customers as well as city, state, and federal governments in Tampa Bay and surrounding West Central Florida markets.  The acquisition strengthens Shenandoah’s footprint into neighboring territories and adds new customers further diversifying the Company’s revenues.

Based in Gibsonton, FL, founder Jerry Lemanski has established Bay Area as a leader in the pipeline inspection, restoration, and maintenance industry over its four-decade history by safely completing routine and specialized pipeline restoration services including: slip lining, CIPP, spot repairs, chemical grouting and sealing, pipe bursting, and manhole assessment and rehabilitation.

“Bay Area’s service capabilities, reputation for safety, and knowledgeable tenured staff align perfectly with our business and we are excited to welcome their team to the Shenandoah family,” said Danny DiMura, President of Shenandoah.  “The acquisition strengthens our presence across the state of Florida, adding experienced employees and long-standing customer relationships.”

In February 2019, KLH Capital partnered with Shenandoah’s management team to recapitalize the Company’s founders and continue building upon its legacy.  “Shenandoah’s services are critical to maintaining Florida’s coastal storm sewer and pipeline infrastructure, especially as the state’s population grows, and we are excited to support the Company’s expansion,” said Will Dowden, Partner at KLH Capital.

Shenandoah Industrial Solutions has been a respected provider of storm drainage system inspection, cleaning, and CIPP rehabilitation for municipalities and commercial customers in Central Florida and along Florida’s eastern coastline since 1976.  The Company’s large fleet of trucks, breadth of equipment, leading technology, and veteran employees make it a reliable turnkey solutions provider for its customers.  Shenandoah seeks to acquire additional businesses in territories throughout Florida, Georgia, and South Carolina that add strategic value and match its high-quality performance and scope of services.

Danny DiMura added, “KLH’s partnership has been instrumental in helping us build our organization and they were especially valuable in completing this transaction, which was a complex, time-intensive endeavor.  We are grateful to have them as partners.”  Half of KLH’s current portfolio is made up of crew-based, industrial service businesses, giving KLH extensive knowledge to be a value-added partner to Shenandoah’s leadership team.

For more information about this transaction, please contact Will Dowden (


Founded in 2005, KLH Capital is a private equity firm serving family- and founder-owned, lower middle-market companies in the specialty services, value-added distribution, and niche manufacturing industries. The firm makes majority and minority equity investments in U.S.-based businesses to support the company’s growth plans, provide ownership opportunities for key managers, and allow owners to harvest the value in their businesses.

Our commitment goes beyond financial support as we believe in establishing a collaborative team of peers, all of whom have a hand in the company’s progress. When we combine management’s industry and operational expertise with our own, the company’s full potential is unlocked and value is created.

Since its founding, KLH Capital has raised $520 million in committed capital across four funds and completed more than 50 transactions1.  KLH Capital is currently investing out of KLH Capital Fund IV with $200 million of committed capital from institutional investors. For more on our investment approach, please visit our website:

1Includes $215 million of capital made available by the SBA under the SBIC program for KLH Capital’s first three funds.

Original Article Found Here