Ropes & Gray Represents Kohlberg & Co. in its Acquisition of GPRS Holdings LLC from CIVC Partners LP
Ropes & Gray represented Kohlberg & Co. in its acquisition of a majority stake in GPRS Holdings LLC from CIVC Partners LP. The company's management team will continue to lead GPRS and remain significant owners of the business while CIVC will also retain an ownership stake. Additional terms were not disclosed.
The transaction was announced on June 29. The press release is here.
GPRS pioneered the use of ground penetrating radar technology for identifying subsurface structures as part of maintenance, repair and remodeling work on existing infrastructure. Kohlberg & Company is a leading private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has organized nine private equity funds, through which it has raised over $10 billion of committed equity capital.
The Ropes & Gray team that represented Kohlberg was led by private capital transactions associate Andrew Silver (New York), and included private capital transactions partner William Shields (New York), tax partner Aaron Harsh, employment, executive compensation & benefits partner Jennifer Rikoski and associate Jennifer Cormier (all of Boston) as well as litigation & enforcement partner Anne Johnson Palmer (San Francisco).