Minneapolis (October 6, 2022) – Yukon Partners (“Yukon”), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce it has partnered with Wind Point Partners (“Wind Point”) to support the acquisition of D&H United (“D&H” or the “Company”).
D&H is a leading provider of testing, inspection, repair and installation services for fueling stations and electric vehicle (“EV”) charging infrastructure across the United States. D&H provides mission-critical services to the industry’s leading fueling and EV station operators through a network of 16 branch locations and a team of more than 570 highly skilled, customer-focused employees.
Headquartered in Houston, D&H was formed in 2015 by long-time industry executive and current D&H CEO Bo Sasnett, who initiated the merger of two predecessor companies. Under Bo’s leadership, D&H evolved into one of the nation’s leading fuel and EV infrastructure solutions providers, servicing thousands of fueling and charging locations across the Southern and Mountain regions. D&H is built on a people-centric and customer-focused foundation, and the Company’s skilled field technician base is highly regarded for its wide breadth of capabilities, fast response times and leading first-time fix rates. Wind Point is partnering with Bo and D&H management, all of whom will maintain ownership in the business. Additionally, Wind Point and D&H will introduce a company-wide incentive program to recognize D&H’s critical contributors, including its 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 always will be, the core focus 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 robust 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.”
“D&H has established a strong position in the market, and we look forward to supporting Wind Point and the D&H management team as they capitalize on the Company’s many exciting growth opportunities,” said Michael Hall, Managing Partner of Yukon.
Dorsey & Whitney LLP provided legal counsel to Yukon.
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. Additional information on D&H is available at www.dh-united.com.
About Yukon Partners
Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests up to $60 million per transaction and currently manages over $1.8 billion across four funds. Yukon Partners has offices in Minneapolis, Minnesota, Boston, Massachusetts, and West Palm Beach, Florida. Additional information on Yukon Partners is available at www.yukonpartners.com.
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.