BB&T Capital Markets Serves as Exclusive Financial Advisor to W.A. Kendall & Co. in its Partnership with Blue Point Capital Partners
On December 31, 2018, W.A. Kendall & Co., Inc. (“W.A. Kendall” or the “Company”) received a majority investment from Blue Point Capital Partners (“Blue Point”). W.A. Kendall’s management team retained a minority stake and will remain with the Company. BB&T Capital Markets served as the exclusive financial advisor to W.A. Kendall.
About the Companies
W.A. Kendall is a leading provider of non-discretionary and essential vegetation management services across the Southeast U.S., primarily serving electric utilities. The Company’s mission-critical service offering includes tree trimming, mowing, line clearing, debris removal, storm restoration, and herbicide application. These services are performed primarily on electrical distribution lines, which require regular maintenance that cannot be deferred without significant costs. W.A. Kendall has 275+ crews of highly skilled and trained employees to provide reliable, on-time service across the Company’s nine-state footprint.
Blue Point is a private equity firm managing over $1.5 billion in committed capital. With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors, while providing the resources of a global organization. The Blue Point partner group has a 20-year track record of partnering with companies in the lower middle market to facilitate growth and transformative change. Blue Point typically invests in businesses that generate between $20 million and $300 million in revenue.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.