KPS Capital Partners Expands Portfolio with The Wells Companies Acquisition

KPS Capital Partners Expands Its Portfolio with The Wells Companies Acquisition

On February 10, 2026, KPS Capital Partners, LP, publicly declared an exciting new venture: the agreement to acquire The Wells Companies, Inc. The acquisition reflects KPS's strategic move to enhance its market position in the construction sector. Wells is recognized as a dominant player in the architectural and structural precast concrete solutions industry within the United States.

The specific financial details surrounding this acquisition have not been disclosed, but it is anticipated that the deal will close in the first quarter of 2026, subject to customary closing conditions and regulatory approvals. This acquisition embodies KPS's commitment to strategic growth and investment within the manufacturing sector, specifically focusing on construction materials.

The Wells Companies: A Leader in Precast Concrete Solutions

Based in Albany, Minnesota, The Wells Companies has established itself as a premier designer, manufacturer, and installer of precast concrete products with a broad range of applications across various end markets. With approximately 2,700 employees and 13 strategically located production facilities, the company caters to diverse customers nationwide.

Wells boasts one of the industry’s most comprehensive portfolios of precast products, showcasing its capabilities from initial design support through engineering services, manufacturing, and final on-site assembly and finishing. This integrated approach allows Wells to deliver exceptional value and service to its clients, a factor that has significantly contributed to its leadership position in the U.S. precast concrete market.

Ryan Harrison, a partner and co-head of KPS Mid-Cap Investments, expressed enthusiasm about the acquisition, emphasizing Wells’ significant product offerings and its reputation for quality service and strong customer relationships. He stated, "We are excited about the acquisition of Wells, a market leader in the precast concrete industry in the USA. The company’s leadership is based on its extensive product portfolio, differentiated value-added services, and long-standing client partnerships. With the operational and financial resources of KPS, we see a perfect platform for future growth."

Growth Prospects and Strategic Future

Dan Juntunen, Chief Executive Officer of Wells, echoed the optimistic sentiment regarding the new partnership with KPS. "KPS has a proven track record of excellence in the manufacturing sector and a wealth of experience with building products, making them the ideal partner as we enter our next growth phase. Together, we aim to enhance our market leadership while continuing to deliver high-quality products that provide significant value to our customers."

As the construction industry evolves, the demand for precast concrete solutions has been gaining momentum, and Wells is well-positioned to capitalize on this growth. Their innovative manufacturing practices, coupled with extensive industry experience, ensure they can adapt to the increasing prevalence of precast solutions across various construction applications.

The Implications of the Acquisition

The acquisition of The Wells Companies represents a pivotal expansion for KPS Capital Partners. By integrating Wells into its portfolio, KPS aims to not only bolster its presence in the construction materials space but also provide enhanced offerings through a well-diversified product line and increased operational capabilities. As KPS looks to collaborate closely with the Wells leadership team, there is a shared vision of ambitious growth both organically and through strategic future acquisitions.

With expert teams backing both KPS and Wells, the focus will primarily be on leveraging comprehensive research, manufacturing, and construction processes to consistently elevate industry standards related to innovation and efficiency. This partnership sets the stage for both companies to thrive in a competitive landscape, significantly impacting the construction industry in the years to come.

As this acquisition unfolds, industry professionals and stakeholders alike will be closely monitoring the developments and future implications of KPS’s strategic maneuvering in the precast concrete landscape.