Latest issueWednesday, October 14, 2026
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Secondary·Industrials/Industrial Distribution·October 9, 2026

KLH Capital Recapitalizes N.H. Yates & Company, Inc.

The company serves wholesale distributors, contractors and end users in industrial, commercial, data center and residential end markets from warehouses in Maryland, Pennsylvania and North Carolina across the Mid-Atlantic and Southeast.

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BuyerKLH Capital
TargetN.H. Yates & Company
SponsorKLH Capital
TypeSecondary
IndustryIndustrials
Sub-sectorIndustrial Distribution

KLH Capital recapitalized N.H. Yates & Company, a Hunt Valley, Maryland-based value-added distributor and manufacturer's representative of HVAC, plumbing and hydronic equipment, components and replacement parts. The company serves wholesale distributors, contractors and end users in industrial, commercial, data center and residential end markets from warehouses in Maryland, Pennsylvania and North Carolina across the Mid-Atlantic and Southeast.

CEO Jon Thomas, COO Dan Kelbaugh and the senior leadership team will continue to lead the business and remain significant shareholders.