#United States #Investment #Pittsburgh #KPS Capital Partners #Jennmar

KPS Capital Partners Acquires Majority Stake in Jennmar

On March 12, 2026, KPS Capital Partners, LP, a prominent player in private equity, revealed its decision to acquire a majority interest in Jennmar and its subsidiaries through a newly formed affiliate. The financial terms of this transaction remain confidential, but the completion is anticipated in the second quarter of 2026, pending customary conditions and approvals.

Jennmar, founded in 1922 and headquartered in Pittsburgh, Pennsylvania, is recognized as a global leader in the provision of safety-critical products and essential services to the mining, civil infrastructure, solar energy, and construction industries. With approximately 4,000 employees and 59 manufacturing facilities worldwide, Jennmar has established itself as a dependable partner, facilitating safe and efficient operational practices for its customers.

Kyle Mumford, a partner at KPS, highlighted Jennmar’s status as a market leader in ground support systems, commending the company’s proven track record in delivering high-quality customer service and products. Mumford expressed eagerness to assist Jennmar’s management team with KPS's extensive global manufacturing expertise, strategic support, and capital investment. This collaboration aims to accelerate Jennmar’s growth, both organically and through strategic acquisitions.

Tony Calandra, CEO of Jennmar, spoke proudly of his team’s achievements, revealing that they continuously expand their product offerings, enhance service capabilities, and broaden their geographical reach to support clients effectively. He emphasized Jennmar's commitment to maintaining high quality and delivery performance while pursuing this growth trajectory. Calandra recognized KPS as the ideal partner to support and accelerate Jennmar’s growth, stating that they would significantly leverage KPS's manufacturing expertise and financial resources to meet evolving customer needs and explore new market opportunities.

Legal counsel for the transaction included Paul, Weiss, Rifkind, Wharton & Garrison LLP for KPS, while Jefferies served as its financial advisor. Lowenstein Sandler LLP acted as legal counsel for Jennmar and FalconPoint Partners, with Evercore and Rothschild & Co. providing financial advisory services.

About Jennmar

Jennmar stands as a global leader providing infrastructure products and specialized services across multiple sectors. With over a century of experience, the company focuses on manufacturing products and delivering solutions that ensure the safety and productivity of workers. For more information, visit www.jennmar.com.

About FalconPoint Partners

FalconPoint is an investment firm dedicated to middle-market companies in the service and industrial sectors across North America. The firm utilizes a relationship-driven and partnership-oriented approach to identify and realize significant growth opportunities in businesses supplying mission-critical products and services. More information can be found at www.falconpointpartners.com.

About KPS Capital Partners, LP

KPS manages the KPS Special Situations Funds, overseeing approximately USD 19.5 billion in assets under management, as of September 30, 2025. For nearly three decades, KPS has focused on generating substantial capital growth through control investments in manufacturing and industrial companies across various sectors. The strategy emphasizes value creation by enhancing competitive positioning, operational efficiency, and profitability without excessively relying on financial leverage. Details on KPS’s investment strategy and portfolio companies are available at www.kpsfund.com.