HKW Announces Recapitalization of Royal Camp Services LTD.
Indianapolis, IN – November 23, 2011 – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the recapitalization of Royal Camp Services Ltd. (“Royal Camp” or “Company”) on Wednesday, November 23, 2011. Royal Camp provides workforce accommodations, catering and complementary services to customers operating in the oil & gas, mining and oil sands industries in western Canada.
“We are extremely excited to be partnering with HKW” said Daryl Rackel, President of Royal Camp. “With our experienced management team all investing significantly with HKW, we look forward to continued growth, while providing our clients with the premium products and service Royal Camp is recognized for.”
Luke Phenicie, who led the deal on behalf of HKW, said “The Royal Camp investment combines the two most powerful value drivers in our business—an experienced and talented management team who owns significant equity, and long term fundamental growth in the markets served. We are certainly excited about the future of Royal Camp.”
About Royal Camp
Royal Camp is a leading provider of workforce accommodations, catering and complementary services (“Camp and Catering” services) to customers operating in the oil, natural gas and mining industries in western Canada. The Company owns a configurable fleet of equipment capable of accommodating camp sizes of 10 to over 800 workers and provides the staff necessary to operate these remote camps including foodservice, custodial and janitorial services as well as facility maintenance. Royal Camp’s customers are primarily oil and gas exploration and production companies, producers and developers of oil sands, providers of seismic services, and pipeline and general construction firms that outsource their Camp and Catering requirements to third parties so that they can focus on their core skill sets. For further information on Royal Camp, please visit www.royalcamp.com.
HKW is a private equity firm founded in 1903 and headquartered in Indianapolis, Indiana with an office in New York. Over the past 28 years, HKW has sponsored 40 platform management buyouts of small middle-market companies throughout North America as well as 39 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.