#USA #Pittsburgh #KPS Capital Partners #Jennmar #FalconPoint Partners

KPS Capital Partners Acquires Controlling Stake in Jennmar

On March 11, 2026, KPS Capital Partners, LP, a prominent investment firm, revealed its decision to acquire a controlling interest in Jennmar through a newly established subsidiary. This acquisition marks a significant milestone for both KPS and Jennmar, a company renowned for its safety-critical products spanning various sectors such as mining, civil infrastructure, and construction. Though the financial specifics of the deal remain undisclosed, the completion of this transaction is anticipated to occur in the second quarter of 2026, pending standard closing conditions and necessary approvals.

Founded in 1922 and headquartered in Pittsburgh, Pennsylvania, Jennmar has become a market leader with approximately 4,000 employees and 59 production facilities worldwide. Their expertise in the manufacturing of crucial products contribute significantly to ensuring safety and efficiency in operations for clients across multiple industries. Kyle Mumford, a partner with KPS, expressed his enthusiasm about the acquisition, stating that Jennmar’s excellent customer service and product quality align perfectly with KPS’s principles and objectives.

Mumford emphasized the intent to leverage KPS's extensive global production experience to support Jennmar’s growth trajectory, focusing on both organic development and strategic acquisitions. He also mentioned that the former owners, Tony Calandra and FalconPoint Partners, will retain a substantial minority stake, reinforcing their shared vision for Jennmar’s future potential in growth and value creation.

Tony Calandra, the CEO of Jennmar, acknowledged the performance of his team and highlighted the company's continuous improvement in product offerings, service capabilities, and geographical outreach. He expressed pride in the team's accomplishments while discussing the essential partnership with KPS. Calandra believes that with KPS’s manufacturing expertise and capital resources, Jennmar will amplify its innovation efforts to meet customer needs and expand its market reach.

The legal advisory services for KPS in this transaction were provided by Paul, Weiss, Rifkind, Wharton and Garrison LLP, while Jefferies acted as the financial advisor. Conversely, Jennmar received support from Lowenstein Sandler LLP in legal advisory along with Evercore and Rothschild & Co. as financial advisors.

About Jennmar

Jennmar stands as a global leader in infrastructure products and specialized services across various sectors, emphasizing safety and productivity. With a history of over a century and a commitment to continuous improvement, Jennmar focuses on creating products that secure the safety of workers while enhancing operational efficiency. Additional information can be accessed on their website www.jennmar.com.

About FalconPoint Partners

FalconPoint Partners is a private equity firm that invests in mid-market companies within North America, focusing on transforming growth opportunities. The firm utilizes a network of relationships and a collaborative approach to enhance operations in companies delivering critical products and services. More information can be found at www.falconpointpartners.com.

About KPS Capital Partners, LP

KPS manages several investment funds aimed at achieving significant capital appreciation through controlling equity interests in manufacturing and industrial companies across multiple sectors. With over 19.5 billion USD in assets under management, KPS prioritizes constructive collaboration with management teams to improve business performance and yield substantial returns through strategic enhancements rather than financial leverage. As of September 30, 2025, KPS’s portfolio companies collectively reported annual revenues of about 21.2 billion USD and employed approximately 55,000 individuals globally. More details about KPS and its investment strategy can be found at www.kpsfund.com.