KPS Capital Partners to Acquire The Wells Companies, Strengthening Precast Concrete Market

KPS Capital Partners to Acquire The Wells Companies, Inc.

KPS Capital Partners, LP has officially announced its intent to acquire The Wells Companies, Inc., through a newly established affiliate. This acquisition marks a significant move in the construction industry, particularly in the precast concrete sector, which is experiencing growth due to an increase in demand for innovative building solutions.

The Wells Companies, headquartered in Albany, Minnesota, is highly regarded as a premier designer, manufacturer, and installer of above-grade architectural and structural precast concrete solutions. The company boasts an extensive portfolio that caters to a variety of end markets across the United States, effectively positioning itself as a leader in the field.

Details of the Agreement

While the financial terms of the acquisition have not been disclosed, the transaction is slated for completion in the first quarter of 2026, pending standard regulatory approvals and customary closing conditions. This strategic agreement is anticipated to provide KPS with enhanced capabilities in a flourishing segment of the construction market.

Ryan Harrison, a Partner and Co-Head of KPS Mid-Cap Investments, expressed enthusiasm about the acquisition. He stated, “We are excited to acquire Wells, a market leader in the above-grade precast concrete industry in the U.S. The Company’s premier standing is amplified by its extensive product offerings, robust customer relationships, and state-of-the-art manufacturing facilities.”

Wells' Industry Position

Wells employs approximately 2,700 individuals and runs 13 strategically placed manufacturing plants across the country. Their integrative approach offers comprehensive services that include design assistance, engineering, manufacturing, and on-site installation and finishing, creating a one-stop solution for clients in need of precast concrete products.

Dan Juntunen, the Chief Executive Officer of Wells, echoed similar sentiments, recognizing KPS as an ideal partner for their next growth phase. His vision for the partnership is centered around leveraging KPS's extensive industry experience and operational strengths to expand Wells' market presence further.

“The Company is strategically positioned to benefit from the increasing reliance on precast concrete solutions across a diverse range of construction applications,” Juntunen noted, emphasizing their commitment to delivering quality products that meet client expectations.

KPS Capital Partners Overview

With nearly three decades of experience, KPS Capital Partners has managed the KPS Special Situations Funds, with assets exceeding $19.5 billion as of September 30, 2025. The investment firm focuses on making controlling equity investments in manufacturing and industrial companies, emphasizing improving businesses through operational excellence rather than relying heavily on financial leverage.

KPS aims to generate significant capital appreciation for its investors and is well-known for collaboration with talented management teams to enhance competitiveness and profitability. This partnership with Wells is seen as a step towards broadening their already impressive portfolio, which currently includes companies across various sectors such as healthcare, automotive parts, and branded consumer goods.

Conclusion

As the above-grade precast concrete market continues to expand, the partnership between KPS Capital Partners and The Wells Companies, Inc. promises to usher in innovations and growth opportunities for both organizations. With their combined expertise and resources, the collaboration is poised to make impactful strides in the construction industry, ultimately benefiting clients and communities across the U.S.

For further information about Wells Companies and its solutions, visit www.wellsconcrete.com.