#USA #Albany #KPS Capital #Wells Companies #prefab concrete

KPS Capital Partners Acquires The Wells Companies, Inc.

In a significant move within the construction materials sector, KPS Capital Partners, LP has revealed its intention to acquire The Wells Companies, Inc., a leading name in the production of aboveground architectural and structural pre-cast concrete solutions in the United States. This acquisition, made through a newly formed affiliate, marks another step forward in KPS's vision to expand its investment footprint in the manufacturing and industrial sectors.

The transaction is expected to close in the first quarter of 2026, pending the usual regulatory approvals and closing conditions. While the financial specifics have not been disclosed, the acquisition is poised to cultivate KPS's already robust portfolio and amplify its service offerings in the innovative construction solutions market.

Wells Companies is renowned for its comprehensive range of pre-cast concrete solutions, delivering high-quality products across multiple sectors and customer bases throughout the country. With approximately 2,700 employees and 13 strategically located manufacturing facilities, the company serves as a full-service provider, offering design guidance, engineering services, production, and on-site finishing capabilities. Wells is headquartered in Albany, Minnesota.

Ryan Harrison, a partner and co-head of KPS Mid-Cap Investments, expressed excitement about the acquisition, highlighting that Wells's market leadership stems from its diverse product portfolio and its commitment to quality. He mentioned that KPS’s resources would strengthen Wells's operational capabilities and position them for accelerated growth.

Dan Juntunen, the CEO of Wells, also expressed confidence in the partnership with KPS, noting their expertise in advancing business and manufacturing excellence. The collaboration aims to foster innovation within the industry and enhance Wells's strong reputation for delivering valuable pre-cast concrete solutions.

The Role of KPS Capital Partners

Over the past three decades, KPS has focused on generating substantial capital growth by making controlling investments in manufacturing and industrial companies across various sectors, such as basic materials and consumer products. With $19.5 billion of assets under management as of September 30, 2025, KPS’s approach combines operational expertise with strategic improvements rather than primarily relying on financial leverage. This method has allowed KPS to enhance the competitiveness and profitability of its portfolio companies effectively, which currently generate approximately $21.2 billion in annual revenue worldwide.

Wells Companies: Pioneering Prefab Solutions

Wells Companies prides itself on being one of the top full-service providers of prefab building solutions in the U.S. With over seventy years of experience, the company works collaboratively with design and construction partners to solve challenges, mitigate risks, and build trust from project inception to completion. Moving forward, Wells is well-positioned to capitalize on the growing demand for prefab concrete solutions across diverse construction applications and aims to continue innovating within the built environment.

The Wells brand represents excellence, transforming communities while helping businesses and individuals thrive through superior construction solutions.

As KPS Capital Partners embarks on this new chapter with Wells Companies, the industry will be watching closely to see how this partnership enhances the landscape of prefab concrete solutions, ultimately shaping the future of construction methodologies and capabilities in the U.S.