Recapitalization Prepares the Company for the Next Stage of Growth
HOUSTON, September 21, 2022 – D&H United Fueling Solutions, Inc. (“D&H”) and Wind Point Partners (“Wind Point”) are pleased to announce that Wind Point has partnered with the existing management team, including CEO, Bo Sasnett to complete a recapitalization of the company.
D&H is a leading provider of testing, inspection, repair, and installation services for fueling stations and electric vehicle charging infrastructure across the United States, operating a network of 16 branch locations with over 570 team members. D&H and Wind Point intend to expand on this track record with an organic and M&A growth strategy oriented around growing D&H’s technician base, adding density in existing service territories, enhancing its scope of services, and expanding to other regions of the U.S. Additionally, D&H and Wind Point will introduce a company-wide incentive program to recognize D&H’s critical contributors, including its field technicians and support staff.
“This exciting new partnership with Wind Point offers D&H access to an extensive executive network, additional financial resources and their expertise in helping companies accelerate growth and achieve new levels of scale,” said Bo Sasnett. “Simultaneously, we are highly aligned around ensuring that D&H continues to maintain the customer-driven, people-oriented culture that has been, and will always be, the core of D&H. As we look into the future, we continue to see a great growth path for our company and the team.”
Konrad Salaber, Managing Director at Wind Point, noted, “Bo and the D&H team have built a tremendous franchise that is known for its service-first orientation among the industry’s leading fueling and EV station operators. D&H and Wind Point have developed a growth plan focused on rapidly expanding the Company’s team of technicians and pursuing strategic M&A in a highly fragmented market. We believe this joint vision will further solidify D&H as the industry’s service partner of choice with the nation’s leading fueling and EV station operators.”
About D&H United Fueling Solutions
D&H United Fueling Solutions, an Inc. 5000 company, is a leading provider of both petroleum fueling and EV charging system service, equipment and installation. D&H United is an authorized distributor and service provider for Gilbarco Veeder-Root as well as other major equipment brands. The company has 16 branch offices and 570+ employees. D&H United also provides compliance testing for tanks and lines in 25 states through its Valley Tank Testing subsidiary.
About Wind Point Partners
Wind Point Partners is a Chicago-based private equity investment firm with approximately $5 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products and business services sectors. Wind Point is currently investing out of Wind Point Partners X, a fund that was initiated in 2022.
Additional information on Wind Point is available at www.windpointpartners.com.