Roark and Kohlberg's Strategic Partnership with GPRS
In an exciting development for the infrastructure services sector, Roark Capital and Kohlberg have announced a strategic partnership with GPRS Holdings. This partnership comes as Roark aims to leverage its extensive resources and expertise to fuel GPRS's growth initiatives. Kohlberg, having previously held a majority stake in the company, will transition to a minority investor while continuing to support the growth strategy of GPRS.
Leadership Commitment Remains Strong
At the helm of GPRS is CEO Matt Aston, who remains deeply committed to guiding the company through this pivotal phase. Aston and his management team will maintain significant ownership, ensuring that the company stays true to its vision of delivering exceptional services to its clients.
GPRS's Unique Position in the Market
Headquartered in Maumee, Ohio, GPRS specializes in subsurface damage prevention, existing conditions documentation, and facility management solutions. They cater to a wide array of clients including utilities, contractors, engineers, and businesses across several major markets in the United States. Their comprehensive suite of infrastructure visualization services allows GPRS to assist clients throughout the asset lifecycle, from the design phase to construction and long-term operations.
Innovative Solutions for Modern Challenges
One of GPRS's hallmark innovations is the SiteMap software solution, which provides critical and up-to-date infrastructure visualization information. This ongoing commitment to innovation positions GPRS as a leader capable of adapting to the evolving needs of its clients, ensuring they are equipped to handle any challenges in asset management.
Shared Vision for Excellence
Matt Aston expressed his enthusiasm for this partnership, stating, "We are thrilled to partner with Roark while continuing our valued partnership with Kohlberg. All three organizations share a vision for innovation, growth, and operational excellence. Together, we will continue to lead the industry in providing solutions that ensure safety and efficiency for our customers.”
Roark's Perspective on the Partnership
Mike Thompson, Managing Director at Roark, echoed this sentiment, stating, "GPRS has established itself as a leader in the industry, and we are excited to partner with them to support their continued growth and innovation. GPRS’s unique offerings provide a compelling value proposition to thousands of clients around the country, helping to maintain high standards of safety. We see tremendous opportunity ahead for the GPRS team.”
Support from Kohlberg
Mark Lawrence, Principal at Roark, added, "GPRS’s service delivery model, culture, and track record of excellence in the industry align perfectly with Roark’s investment philosophy. We are thrilled to partner with Matt and the entire team on this next chapter."
Positive Outcomes from Collaboration
Commenting on the journey so far, Benjamin Mao from Kohlberg said, "It has been a pleasure collaborating with Matt and the entire GPRS team to grow and expand the Company. We are proud of the tremendous progress GPRS has made during our partnership and are excited to continue supporting their future growth alongside Roark.”
Encouragement for Future Growth
As GPRS enters this new phase, Gus Harwood from Kohlberg expressed confidence in the company’s potential: "At this critical juncture in GPRS’ evolution, we are excited to build upon this success with Roark, a firm well recognized for working with companies to accelerate growth. With the support of Roark and Kohlberg, we are confident in GPRS’ ability to continue expanding and delivering industry-leading services to both new and existing customers.”
About GPRS
GPRS is dedicated to providing top-notch subsurface damage prevention technologies and solutions across the nation. Their commitment to innovation ensures they stay ahead of industry trends and continue to offer unparalleled service to their clients.
About Roark Capital
Roark Capital focuses on investments in firms with strong growth potential. With $38 billion in assets under management, Roark emphasizes partnerships that foster innovation in consumer and business service sectors.
About Kohlberg
Kohlberg, established in 1987, is a prominent middle-market private equity firm committed to long-term value creation through partnership and operational excellence.
Frequently Asked Questions
What is the nature of the partnership between Roark and Kohlberg?
The partnership focuses on accelerating the growth of GPRS, with Roark providing investment resources and strategic direction while Kohlberg remains a supportive minority partner.
What services does GPRS provide?
GPRS specializes in subsurface damage prevention, facility management, and documentation services for utilities and contractors, ensuring safety and efficiency in their operations.
Who leads GPRS now?
CEO Matt Aston continues to lead GPRS alongside his management team, maintaining significant ownership to guide the company through this transition.
What innovations has GPRS introduced recently?
GPRS has pioneered the SiteMap software solution, which offers crucial infrastructure visualization information to its clients, enhancing service delivery.
What is Roark Capital’s investment philosophy?
Roark Capital focuses on consumer and business service companies, prioritizing partnerships that support growth, innovation, and operational excellence in organizations.
