Wind Point Partners, the private equity firm behind Quantix, recently acquired Houston-based D&H United, a provider of testing, inspection, repair, and installation services for fueling stations and electric vehicle charging infrastructure in the United States.
As part of its investment in the company, Wind Point appointed Mark Holden, former owner and CEO of Quantix, to the D&H board of directors. Holden also serves as co-chairman of Quantix’s board of directors.
D&H was formed in 2015 by long-time industry executive and current D&H CEO Bo Sasnett, who initiated the merger of two predecessor companies. Under Sasnett’s leadership, D&H evolved into one of the nation’s leading fuel and EV infrastructure solutions providers, servicing thousands of fueling and charging locations across the Southern and Mountain regions.
“This exciting new partnership with Wind Point offers D&H access to an extensive executive network, additional financial resources and their expertise in helping companies accelerate growth and achieve new levels of scale,” Sasnett said. “Simultaneously, we are highly aligned around ensuring that D&H continues to maintain the customer-driven, people-oriented culture that has been, and always will be, the core focus of D&H.
“As we look into the future, we continue to see a great growth path for our company and the team.”
D&H maintains a network of 16 branch locations and a team of more than 570 employees. Wind Point said Sasnett and the rest of the D&H management team will “maintain ownership in the business.” Additionally, Wind Point and D&H plan to introduce a company-wide incentive program to recognize D&H’s critical contributors, including its technicians and support staff.
Since forming D&H in 2015, Sasnett and his team have more than quadrupled the size of the company, Wind Point said. Wind Point and D&H intend to expand on this track record with an organic and M&A-driven growth strategy oriented around aggressively growing D&H’s technician base, adding density in existing as well as new service regions, and enhancing the company’s scope of services. Importantly, D&H will continue to support its customers in the buildout and maintenance of the nation’s EV infrastructure, which remains a strong tailwind for the company.
“Bo and the D&H team have built a tremendous franchise that is known for its service-first orientation among the industry’s leading fueling and EV station operators,” said Konrad Salaber, managing director at Wind Point. “D&H and Wind Point have developed a robust growth plan focused on rapidly expanding the company’s team of technicians and pursuing strategic M&A in a highly fragmented market. We believe this joint vision will further solidify D&H as the industry’s service partner of choice with the nation’s leading fueling and EV station operators.”
In addition to appointing Holden to the E&H board, Steve Hochhauser, a Wind Point executive advisor partner, will serve as board chair, Wind Point said. Victor Swint, who has extensive experience in the chemical, petroleum, and fueling industries, Henry Lees-Buckley, CEO of Smart Care, and Phil Emma, former COO of CSC ServiceWorks, also will join the board.