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

KPS Capital Partners Acquires Controlling Interest in Jennmar

In a significant move that is set to reshape the landscape of safety products, KPS Capital Partners, LP has announced the acquisition of a controlling stake in Jennmar, a prominent figure in the global market for ground support products essential for safety. This acquisition was facilitated through a newly formed affiliate and is expected to finalize in the second quarter of 2026, pending the usual closing conditions and approvals.

Founded in 1922 and headquartered in Pittsburgh, Pennsylvania, Jennmar specializes in providing critical safety products and services to various industries, including mining, civil infrastructure, solar energy, and construction. The company employs around 4,000 people and operates 59 production sites worldwide, establishing itself as a trusted partner to its clients by ensuring safe and efficient operations.

Kyle Mumford, a partner at KPS, expressed his enthusiasm stating, "Jennmar is a global market leader in ground support products, known for its exceptional customer service and product quality. We are excited to support Jennmar’s management team with KPS's extensive experience in global manufacturing, alongside our strategic insight and capital, to continue Jennmar's remarkable growth organically and through acquisitions."

Tony Calandra, CEO of Jennmar, highlighted the company’s commitment to excellence. He stated, "I am incredibly proud of the accomplishments of the Jennmar team. Every year, we continuously expand our product offerings, enhance our service capabilities, and broaden the geographical areas where we can fully support our clients while maintaining industry-leading quality and delivery. With KPS as our partner, we are confident in accelerating our growth and innovation strategies to meet and exceed our customers' needs."

The legal advisory for KPS was provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP, while Jefferies acted as its financial advisor. On the side of Jennmar, Lowenstein Sandler LLP provided legal counsel with Evercore and Rothschild & Co as financial advisors.

About Jennmar

Jennmar is a top global supplier of infrastructure products and specialized services for civil infrastructure, solar energy, mining, and construction sectors. For over a century, the company has focused on manufacturing products and providing solutions that enhance worker safety and productivity. More information can be found at www.jennmar.com.

About FalconPoint Partners

FalconPoint is a private equity firm that invests in mid-sized North American companies within the business services and industrial sectors. It leverages a network of relationships and a partnership-driven approach to identify and capture transformative growth opportunities in companies that deliver essential products and services. More details are available at www.falconpointpartners.com.

About KPS Capital Partners, LP

KPS manages the KPS Special Situations Funds, with approximately $19.5 billion in assets under management as of September 30, 2025. For over 30 years, KPS partners have focused on creating substantial value through investments in manufacturing and industrial companies across various sectors. With a portfolio generating annual revenues of about $21.2 billion globally, KPS emphasizes working constructively with management teams to enhance company performance and generate investment returns. More information can be found at www.kpsfund.com.