About KMI Sports Construction
KMI Sports Construction is a leading firm specializing in the design and construction of high-quality athletic fields and facilities. With an impressive track record under the leadership of CEO Sean Kincaid and COO Rob Johnson, KMI has built a strong reputation for delivering aesthetically pleasing and durable installations. The company provides its services to sports associations, educational institutions, and municipalities across Texas and the broader United States, demonstrating a commitment to superior workmanship and exceptional customer service.
In 2024, KMI experienced unprecedented growth, leading to record demand as they entered 2025. This upward momentum positions KMI to expand its operational capacity and diversify its market presence, with plans to leverage strategic investments to fuel this growth further.
Industry Overview in Texas
The athletic field construction sector in Texas is characterized by a limited number of specialized providers with the expertise necessary to handle projects of significant scale. Demand is driven by schools, municipalities, and private athletic associations, particularly in regions experiencing population surges. Many clients are not only constructing new facilities but also refurbishing existing venues to meet the growing interest in athletics.
With an estimated total addressable market (TAM) of nearly $500 million in Texas alone, the opportunities for growth within this industry are substantial. The continuous need for upgraded and new athletic facilities reflects a broader trend in the community's prioritization of sports and recreation, thus driving investment in high-quality construction services.
Furthermore, the trend towards enhancing the quality of sports environments underscores the significance of specialized firms like KMI. The focus on delivering professional-grade athletic fields not only enhances performance for athletes but also contributes to broader community engagement and pride.
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Rationale Behind the Deal
The investment from Sundance Partners represents a strategic move for KMI, enabling the company to capitalize on its recent success and further accelerate its growth trajectory. By collaborating with Sundance, KMI aims to expand its reach beyond Texas and explore new market opportunities, ensuring that the company can effectively meet the increasing demand for state-of-the-art athletic facilities.
This partnership is expected to enhance KMI's capabilities through a combination of organic growth and potential strategic acquisitions, facilitating the introduction of innovative practices and expanding their project portfolio across various geographic regions.
About Sundance Partners
Sundance Partners is a private equity firm that focuses on growth buyouts in the lower middle market sector. The firm is dedicated to investing in companies with strong growth potential and is known for its strategic guidance and extensive resources that can help propel businesses to new heights. Matt Lynch, the founder of Sundance, emphasizes the importance of fostering community pride through sports and believes in KMI's potential to create lasting impacts through their athletic infrastructure projects.
Sundance Partners aims to collaborate closely with KMI’s leadership to leverage their expertise in navigating new markets, prioritizing safe and quality construction as a hallmark of their investments.
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The investment from Sundance Partners in KMI Sports Construction appears to be a sound strategic choice. KMI's impressive growth rate and solid reputation within the athletic field construction sector position it well for further expansion. The estimated market size of nearly $500 million in Texas suggests a significant opportunity for KMI to capture additional market share as it grows in scale and reach.
Given the current demand for high-quality athletic facilities and the continued emphasis on sports in community life, KMI is well-placed to succeed with the support from Sundance Partners. Their focus on craftsmanship and quality service aligns well with the increasing expectations of clients in the sector.
Additionally, the partnership promises to open doors for KMI's strategic initiatives, enabling it to undertake larger projects and potentially broaden its geographical footprint. This can result in enhanced operational capabilities, positioning KMI as a dominant player in the athletic construction market.
In summary, this deal represents a mutually beneficial relationship that can not only foster KMI’s growth but also contribute positively to the community's sports infrastructure landscape. The collaborative efforts between KMI and Sundance are likely to yield significant rewards in the future, making this an investment to watch.
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Sundance Partners
invested in
KMI Sports Construction
in 2025
in a Growth Equity deal