KLH Capital completes recapitalization of HVAC distributor N.H. Yates & Co

• KLH Capital completed a recapitalization of N.H. Yates & Co., a Hunt Valley, Maryland-based HVAC and plumbing equipment distributor.
• Yates’ management team partnered in the transaction, with Jon Thomas and Dan Kelbaugh remaining in charge as significant shareholders.
• The company supplies HVAC, plumbing, and hydronic products across the Mid-Atlantic and Southeast, serving industrial, commercial, data center, and residential markets.
• The investment was made through KLH Capital Fund V, which raised USD 400 million in June 2023.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KLH Capital LP published the original content used to generate this news brief on October 09, 2026, and is solely responsible for the information contained therein.