Lindsay Goldberg-Backed Kleinfelder Group Acquires Veenstra & Kimm

Acquisition Accelerates Kleinfelder’s Growth and Expands its Service Offerings and Geographic Footprint in Attractive Midwest Market

Lindsay Goldberg, a leading private equity firm focused on partnering with families and founders, today announced that The Kleinfelder Group, Inc. (“Kleinfelder”), a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm backed by Lindsay Goldberg, has acquired Veenstra & Kimm, Inc. (“V&K”). The acquisition expands Kleinfelder’s presence in the attractive Midwest region, accelerates its strategic growth initiatives, and enhances its capabilities and service offerings.

Founded in 1961 and headquartered in West Des Moines, Iowa, with additional locations in Illinois and Missouri, V&K provides a wide range of design, engineering, and environmental solutions throughout the Midwest region of the United States. V&K focuses on delivering its services to public and private sector clients in transportation, water resources, land/site planning, and municipal end markets. Steve Thompson, V&K’s Board Chairperson and Chief Operating Officer, supported by the V&K management team, will lead the business, which will become Kleinfelder’s newly created Midwest Division.

“Establishing Kleinfelder’s presence in the Midwest is an exciting new chapter for us,” stated Louis Armstrong, Kleinfelder’s President and Chief Executive Officer. “V&K has over 60 years of exceptional client service and market reach that will enable Kleinfelder to accelerate growth and deliver greater value to new and existing clients, partners, and communities.”

“Kleinfelder has established itself as a leading provider of regulatory-driven engineering and professional services to blue-chip public and private clients,” said Krishna Agrawal, Partner at Lindsay Goldberg. “The addition of Veenstra & Kimm will meaningfully expand and diversify Kleinfelder’s geographic reach, service offerings, and highly-skilled employee base. We are excited to support the continued execution of Kleinfelder’s strategic plan centered on organic growth and targeted acquisitions, and welcome V&K’s talented team to the Kleinfelder family.”

Morrisey Goodale served as buy-side advisor, Winston & Strawn LLP served as buy-side legal counsel, and KPMG provided buy-side transaction advisory and tax services for Kleinfelder. PSMJ Resources, Inc. served as sell-side financial advisors, Donahue Fitzgerald LLP served as sell-side legal counsel, and Denman CPA provided transaction advisory and tax services for V&K.

About Lindsay Goldberg

Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Since 2001, Lindsay Goldberg has raised over $20 billion of equity capital and has invested in more than 60 platform companies and over 300 add-ons. The firm focuses on three sectors that typically demonstrate resilience across economic cycles: industrials, services, and healthcare. Lindsay Goldberg takes a relationship-driven approach and is supported by its global network of affiliate partners. For more information about Lindsay Goldberg, please visit www.lindsaygoldbergllc.com.

Kleinfelder

Founded in 1961, Kleinfelder is a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm. Kleinfelder now employs more than 3,300 professionals and operates from over 110 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California. Poised for growth, Kleinfelder continues to provide high-quality solutions for our diverse client base. Visit Kleinfelder.com or follow us on LinkedIn/Kleinfelder.

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