Contract Land Staff, LLC (“CLS”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) was acquired by GFI Energy Group of Oaktree Capital Management, L.P. Duff & Phelps acted as the exclusive financial advisor to HKW on the divestiture of Contract Land Staff.
About Contract Land Staff, LLC
Contract Land Staff, LLC (the “Company” or “CLS”) is a leading independent full service provider of Right of Way (ROW), land management services, and land records management in the U.S. and Canada. The Company provides integral ROW services on complex pipeline, integrity, electric transmission, and other infrastructure projects. Prior to the transaction, CLS had been a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. since 2008.
About Hammond, Kennedy, Whitney & Company, Inc.
Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 50 platform transactions of lower middle-market companies throughout North America as well as 55 add-on acquisitions. Taft Stettinius & Hollister acted as legal counsel to HKW.
About GFI Energy Group of Oaktree Capital Management, L.P.
Oaktree is a leading global investment management firm focused on alternative investments, with approximately $100 billion in assets under management as of September 30, 2015. Oaktree's GFI Energy Group invests in profitable, growing companies with innovative products and services used in the energy and power industries. The firm emphasizes a value-oriented and risk-controlled approach to investments. Headquartered in Los Angeles, the firm has over 900 employees and offices in 17 cities worldwide.