Westminster-based Loenbro, a provider of specialized services for data centers and critical infrastructure, has announced a definitive agreement with private equity firm Kohlberg to accelerate its growth. The deal will see Kohlberg acquire a majority stake in the company, while existing investors Braemont Capital and Loenbro management will retain significant equity interests. The financial terms of the agreement were not disclosed.
Founded in 2000, Loenbro has expanded its services, offering critical electrical, mechanical, and structural solutions across various industries. The company’s growth strategy has included geographic expansion, capability enhancement, and a commitment to customer service and safety.
Daniel Cowan, President and CEO of Loenbro, expressed enthusiasm about the partnership, stating, “We are thrilled to partner with Kohlberg as we pursue the next phase of our ambitious vision for Loenbro.” Benjamin Mao, Senior Partner at Kohlberg, noted Loenbro’s excellence in service delivery, while Ben Yu, Partner at Kohlberg, highlighted the increasing demand for critical infrastructure services.
Jeff Volling, Partner at Braemont, reaffirmed their commitment to Loenbro’s growth, stating their satisfaction with the company’s progress during their partnership. The transaction is pending customary closing conditions and regulatory approvals.
Source: Press Release
