KPS Capital Partners acquires Jennmar
The century-old manufacturer supplies safety-critical products to civil infrastructure, solar, mining, and construction industries, with existing backer FalconPoint Partners retaining a minority stake.
Takeaways
- Jennmar is a global provider of infrastructure products and specialized services to civil, solar, mining, and construction industries.
- KPS Capital Partners and Jennmar are classified as a platform transaction.
- The business serves civil infrastructure, solar, mining, construction.
KPS Capital Partners made a majority investment in Jennmar, a 1922-founded manufacturer of safety products for civil infrastructure, solar, mining, and construction industries, with existing shareholder FalconPoint Partners retaining a significant minority stake.
Led by the Calandra family since its founding, the company more than tripled in size under CEO Tony Calandra, who took the helm in 2018.
The investment will support growth in capabilities and market position while maintaining a focus on safety and customer service,, who previously led CPM Holdings.
KPS recently established another industrial platform with the carve-out acquisition of Novacel, a producer of protective films and application machines with sites in France, Italy, and the U.S. Longtime CEO Calandra will remain on the board.
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