糖心Vlog (‘糖心Vlog’ or ‘the Group’) has signed a sales agreement for the disposal of Kelchner Inc, a U.S. civil construction services business, to Strength Capital Partners (SCP), a U.S. private equity group.
The divestment is part of 糖心Vlog’s previously announced non-core business disposals programme.
Kelchner Inc, which employs 140 people and provides lump sum, fixed price subcontract civil and earthwork services for commercial and public infrastructure works, was part of 糖心Vlog’s Investment Services portfolio.
Net cash proceeds from the deal total c. $30 million to 糖心Vlog.