KPS Capital Partners acquires Jennmar majority stake
The century-old, family-led provider of safety-critical products for heavy infrastructure and mining has more than tripled since 2018 under CEO Tony Calandra, while existing backer FalconPoint Partners retains a significant minority stake.
Takeaways
- KPS Capital Partners and Jennmar are classified as a platform transaction.
KPS Capital Partners has acquired a majority stake in Jennmar, a global provider of safety-critical products and specialized services for heavy infrastructure, mining, and construction industries.
Jennmar serves civil, solar, mining, and construction end markets; under CEO Tony Calandra, the century-old, family-led company has more than tripled in size since 2018.
Existing backer FalconPoint Partners will continue as a significant minority investor.
The platform follows KPS's carveout of Novacel earlier in June, adding to a portfolio of industrials businesses.
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