August 31, 2023

Ann Arbor, MI – ModuGo, LLC (“ModuGo” or the “Company”), a portfolio company of Kinderhook Industries, LLC, is pleased to announce its acquisition of Massachusetts-based Kelcon, LLC (“Kelcon”). Founded in 2004 and located in West Springfield, MA, Kelcon specializes in leasing of portable storage containers throughout the Northeastern United States. Kelcon is Modugo’s second add-on acquisition since its recapitalization with Kinderhook in February 2023.

“We are extremely excited to add Kelcon to the ModuGo network of companies providing portable storage solutions to customers nationwide. Jim Kelly has built Kelcon into a trusted regional provider with a stellar reputation, and we look forward to continuing to provide high-quality service to its loyal customer base.” said ModuGo COO David McMurtrie.

The acquisition of Kelcon will provide ModuGo with its second branch location, and first in the Northeast. The location will serve as a strategic hub to support the growth of ModuGo’s operations in the region. Jim Kelly, Founder and Owner of Kelcon, will remain with the business post-close as he transitions into an advisory role.

“Since inception, Kelcon has prided itself on providing world class service to its customers,” said Kelly, “As we enter a new chapter through our partnership with ModuGo, I am proud that we have found a partner that shares our values. I look forward to supporting the growth of our business under ModuGo’s leadership.”

“Partnering with Kelcon, and its team, which has over 91 years combined experience in the industry, will accelerate our goal of building a nationwide provider of portable storage solutions. Kelcon’s fleet and deep local relationships will be additive to the existing ModuGo offering, and through collaboration, we believe we can significantly grow our presence in the Northeast region,” said ModuGo CEO Dan McMurtrie.

Roy Legal & Advisory, PLLC served as legal counsel, and Alvarez and Marsal advised ModuGo on its financial due diligence process.

For additional information about this transaction, please contact: 
Robert Michalik
Managing Director
(212) 201-6789
[email protected]
 
Sam Keenan
Managing Director
(212) 201-6795
[email protected]