The Kleinfelder Group to Be Acquired by Wind Point Partners

Kleinfelder Signs Definitive Agreement to be Acquired by Private
Equity Investment Firm

SAN DIEGO–(BUSINESS WIRE)–The Kleinfelder Group Inc., an engineering, construction management,
design and environmental professional services firm with corporate
offices in San Diego, CA, announced today that, subject to shareholder
approval, it has signed a definitive agreement to be acquired by Wind
Point Partners, a private equity investment firm, in conjunction with
the management of the firm.

“The change in ownership will not affect the company’s current
management team, nor its current operations,” said George J. Pierson,
who has served as Kleinfelder’s CEO since late 2016. As CEO, Pierson and
his team have focused on strengthening the management team, and
implementing a culture of authority, responsibility and accountability
across the business to achieve significant growth in profitability
across its operations.

“This partnership with Wind Point will help remove the final obstacle of
an unsustainable capital structure and allow Kleinfelder, and the
professional men and women of Kleinfelder, to achieve their full
potential. With Wind Point as a partner, we expect to see significant
growth and opportunity for all our employees, while continuing to
provide superior service to our clients,” said Pierson.

“We are excited about the opportunities to work in collaboration with
George and the Kleinfelder leadership team to take the company to the
next level,” said Nathan Brown, a Managing Director at Wind Point
Partners.

Upon shareholder approval, it is expected that the acquisition will
close at the end of November.

Houlihan Lokey Capital, Inc. is acting as financial advisor to
Kleinfelder and Gunderson Dettmer Stough Villeneuve Franklin &
Hachigian, LLP is acting as legal advisor to Kleinfelder.

About Kleinfelder
Founded in 1961,
Kleinfelder, Inc. is an engineering, construction management, design and
environmental professional services firm. Kleinfelder operates over 60
office locations in the United States, Canada, and Australia. The
company is headquartered in San Diego, California. Additional
information about Kleinfelder can be found at www.kleinfelder.com.

About Wind Point Partners
Wind Point
Partners is a Chicago-based private equity investment firm with
approximately $2 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 VIII, a $985 million
fund that was initiated in 2016. For more information, please visit www.windpointpartners.com.

Contacts

Dustin Esposito
Marketing & Communications Manager
DEsposito@Kleinfelder.com
(617)
498-4627