KPS Capital Acquires Majority Stake in Jennmar

In a significant move poised to reshape the global infrastructure support landscape, private equity powerhouse KPS Capital Partners, LP has announced a definitive agreement to acquire a majority equity stake in Jennmar. This strategic investment signals a robust vote of confidence in Jennmar's century-long legacy as a premier provider of mission-critical products and specialized services across the civil, solar, mining, and construction sectors. While financial specifics of the transaction remain undisclosed, the deal is expected to close in the second quarter of 2026, pending customary regulatory approvals.

The transaction marks a pivotal moment for Jennmar, which will leverage KPS's extensive global manufacturing expertise and substantial strategic resources to propel its next phase of ambitious growth. This partnership is designed to accelerate key initiatives, including expanding operational capabilities, fostering product innovation, broadening geographic reach into new markets, and pursuing targeted strategic acquisitions. Notably, existing shareholders FalconPoint Partners and Jennmar's Chief Executive Officer, Tony Calandra, will retain significant minority ownership, ensuring continuity and a shared vision for the company's future trajectory.

Tony Calandra emphasized the transformative nature of this partnership, stating, "This collaboration with KPS is a testament to our team's unwavering dedication and the deep trust our customers place in us. We are confident that KPS's industrial acumen will be instrumental in scaling our operations, enhancing our innovation pipeline, and expanding our global footprint, all while upholding our core commitments to safety, quality, and responsive customer service." He also acknowledged the invaluable support from FalconPoint during their previous growth phase, expressing enthusiasm for their continued involvement.

The global market for infrastructure products, particularly in ground support and specialized services, is experiencing robust growth, driven by increasing investments in renewable energy, critical infrastructure upgrades, and sustained demand from the mining sector. Analysts project the global mining equipment market alone to reach over $180 billion by 2030, with a compound annual growth rate exceeding 6%, underscoring the strategic timing of KPS's investment. Jennmar's focus on safety and productivity solutions positions it strongly within this expanding market, making it an attractive target for industrial-focused private equity firms like KPS, which manages approximately $19.5 billion in assets.

Andrew Singer, Co-Founder and Chief Investment Officer of FalconPoint, highlighted the successful partnership with Jennmar's leadership, noting, "Our journey with Tony Calandra and the Jennmar team has been incredibly rewarding. We are excited to welcome KPS, whose deep operational and industrial expertise will undoubtedly be a significant asset as Jennmar embarks on its next chapter of expansion." This sentiment was echoed by Kyle Mumford, Partner at KPS, who expressed enthusiasm for supporting Jennmar's leadership in driving both organic and acquisitive growth, reinforcing the shared long-term vision for value creation.

The transaction's advisory teams included Lowenstein Sandler LLP as legal counsel and Evercore and Rothschild & Co. as financial advisors to Jennmar and FalconPoint. For KPS and its affiliates, legal counsel was provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP, with Jefferies serving as financial advisor. This high-profile deal underscores the continued appetite for investments in resilient industrial companies that provide essential services to critical global sectors, signaling a dynamic period for infrastructure-related M&A activity.