Company Description
Selinsky FORCE (the “Company” or “Selinsky”), headquartered in Canton, Ohio, is a leading provider of critical preventative, planned, and emergency industrial maintenance services, piping and refractory solutions, steel erection, and other turnkey solutions for its customers within the engineered materials, industrial manufacturing, power, recycling, civil construction, and other industrial end markets. Located in the Midwest, the Company enjoys reoccurring, critical maintenance demand with a nested presence in customer facilities, where arduous production and manufacturing processes drive a perpetual need for maintenance, repair, and overhaul work, augmented by scheduled turnaround and specialty capital projects.
With approximately 250 employees consisting of 220+ skilled union technicians in the field, the Company’s breadth of services creates a diverse array of industrial disciplines, including equipment & machinery rebuild and millwright services, refractory (castable and ceramic brick) tear out and relining, piping maintenance and replacement, concrete construction and rehabilitation, rotating crushing equipment services, manlift rental, and other steel erection and civil services. Working closely with customers and facility owners, Selinsky crafts maintenance solutions that leverage the Company’s range of industrial service offerings.
Services Provided
MelCap Partners served as the exclusive investment banker and financial advisor to Selinsky in the sale of the Company. MelCap Partners would like to thank Selinsky for hiring us to represent the Company in this transaction. It was an honor and pleasure to work with Selinsky throughout this exciting process.
The Result
In an effort to provide the shareholders with liquidity, the active management team with equity ownership, and to continue to support the Company’s strategic growth plans, MelCap Partners was able to successfully identify the ideal buyer for the business. As a result, Selinsky was sold to KLH Capital, headquartered in Tampa, FL. KLH Capital is a private equity firm serving family and founder-owned, lower middle-market companies, that focuses within the specialty industrial service and value-added distribution business models.
“It was great working with a company like MelCap who is obviously well-versed in gathering much of the needed diligence information up front in the sale process, summarizing that wealth of information, and presenting it in an attractive package that helps narrow the focus for potential buyers. The process made it much easier to be assured that the interested parties coming to the table had real interest based on all the facts and support provided to them in advance. MelCap was there to be the “middleman” in the process, effectively helping to translate needs and answer questions between buyer and seller throughout the entire progression. Thank you to the entire MelCap team!”.
