Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor
Baltimore, MD – October 14, 2026 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce it has served as the exclusive financial advisor to N.H. Yates & Company, Inc. (“Yates” or “the Company”) in its recapitalization by KLH Capital, a private equity firm with a proven track record of partnering with founders and management teams of lower-middle-market companies across distribution and services businesses.
Headquartered in Hunt Valley, Maryland, Yates is a manufacturer’s representative and distributor of HVAC, plumbing, and hydronic products, serving contractors, engineers, and wholesalers/distributors across the Mid-Atlantic, Southeast, Florida, and Latin America.
Yates’ Chief Executive Officer, Jon Thomas stated, “CCA’s guidance and expertise were instrumental in helping us navigate the entire process and selecting the right partner for our Company. Their extensive market insight, professionalism, and unwavering dedication exceeded our expectations at every stage of the process. We are incredibly grateful for CCA’s partnership and support, which were invaluable throughout this important journey.”
Yates’ Chief Operating Officer, Dan Kelbaugh, also commented, “This transaction marks an exciting and significant milestone for our Company, and CCA played an important role in helping us navigate the process from start to finish. Their proven expertise, thoughtful guidance, and collaborative approach made a meaningful difference at every step. We are incredibly grateful for CCA’s commitment and partnership. We appreciate the support they provided in helping us achieve this important milestone.”
Stuart Knott, Managing Director at CCA, remarked, “We are honored to have supported Yates in identifying the right partner to help accelerate the Company’s next phase of growth. KLH Capital is an excellent partner for Yates, and we are excited to see the Company embark on this new chapter. We congratulate the entire Yates team on their success and look forward to seeing all that they will accomplish together.”
In addition to Mr. Knott, CCA’s investment banking team on this transaction included Director Katie Kieran, Vice President Aidan Olmstead, and Associate Matt Metzger.
About N.H. Yates & Company, Inc.
Founded in 1949, N.H. Yates & Company, Inc. is a leading value-added distributor of HVAC, hydronics, plumbing, and PVF products serving a diverse range of end markets. The Company provides a broad portfolio of engineered products, including hydronic heating systems, HVAC components, fittings, plumbing products, data center cooling solutions, and energy-efficient water heating technologies, along with technical expertise, sales support, training, and distribution services to manufacturers, wholesalers, contractors, and engineers. To learn more, visit www.nhyates.com.
About KLH Capital
KLH Capital is a Tampa based private equity firm focused on partnering with founders, and management teams of lower middle-market companies across the United States. KLH takes a collaborative, hands-on approach, combining its investment and operational expertise with the knowledge and experience of management teams to build sustainable businesses and create long-term value. To learn more, visit www.klhcapital.com.
About Chesapeake Corporate Advisors
Chesapeake Corporate Advisors is a boutique investment banking and corporate advisory firm providing strategic advisory services (value creation) and investment banking services (value realization) to companies in the lower middle market. For more information, visit www.ccabalt.com or call 410.537.5988.