KPS

KPS Capital Partners To Acquire Lufkin Rod Lift Solutions From Baker Hughes

Retrieved on: 
Friday, May 1, 2020
Companies, Economy of the United States, KPS Capital Partners, KPS, Lufkin, General Electric, Industries

NEW YORK, May 1, 2020 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement to acquire theLufkin rod lift solutions business ("Lufkin" or the "Company") from Baker Hughes (NYSE: BKR).

Key Points: 
  • NEW YORK, May 1, 2020 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement to acquire theLufkin rod lift solutions business ("Lufkin" or the "Company") from Baker Hughes (NYSE: BKR).
  • Lufkin, headquartered in Missouri City, Texas, is a leading global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry.
  • Upon close, the transaction will transfer assets of the Lufkin rod lift business to an affiliate of KPS, including brand rights, facilities, intellectual property and personnel.
  • Andy Cordova, the rod lift solutions general manager for Baker Hughes, said, "We are confident in our future as an independent company under KPS' ownership.

KPS Capital Partners To Acquire Lufkin Rod Lift Solutions From Baker Hughes

Retrieved on: 
Friday, May 1, 2020
Companies, Economy of the United States, KPS Capital Partners, KPS, Lufkin, General Electric, Industries

NEW YORK, May 1, 2020 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement to acquire theLufkin rod lift solutions business ("Lufkin" or the "Company") from Baker Hughes (NYSE: BKR).

Key Points: 
  • NEW YORK, May 1, 2020 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement to acquire theLufkin rod lift solutions business ("Lufkin" or the "Company") from Baker Hughes (NYSE: BKR).
  • Lufkin, headquartered in Missouri City, Texas, is a leading global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry.
  • Upon close, the transaction will transfer assets of the Lufkin rod lift business to an affiliate of KPS, including brand rights, facilities, intellectual property and personnel.
  • Andy Cordova, the rod lift solutions general manager for Baker Hughes, said, "We are confident in our future as an independent company under KPS' ownership.

Envoy Digital Becomes Part of the KPS Family

Retrieved on: 
Friday, October 25, 2019
KPS

LONDON, Oct. 25, 2019 /PRNewswire/ -- KPS Group , the leading global digital transformation consultancy, has announced thatEnvoy Digital, the UK's most trusted ecommerce agencywhich joined the KPS Group in February 2018, has formally rebranded to KPS.

Key Points: 
  • LONDON, Oct. 25, 2019 /PRNewswire/ -- KPS Group , the leading global digital transformation consultancy, has announced thatEnvoy Digital, the UK's most trusted ecommerce agencywhich joined the KPS Group in February 2018, has formally rebranded to KPS.
  • Envoy Digital brings to KPS a wealth of experience in delivering commerce best practice among key B2C sectors, including retail, grocery and fashion, as well as B2B.
  • Since becoming part of the KPS Group, Envoy has extended its client list, winning business with: Computacenter, Brakes, Saint Gobain, LGC Standards and Elverys.
  • Frank Lochbaum, Managing Partner at KPS, commented: "We are delighted to welcome Envoy Digital formally into the KPS Group with the rebrand.

Life Fitness Names Chris Clawson New Chief Executive Officer

Retrieved on: 
Monday, July 8, 2019
KPS, Life Fitness, Ukactive

ROSEMONT, Ill., July 8, 2019 /PRNewswire/ -- Life Fitness today announced the appointment of Chris Clawson as CEO.

Key Points: 
  • ROSEMONT, Ill., July 8, 2019 /PRNewswire/ -- Life Fitness today announced the appointment of Chris Clawson as CEO.
  • Clawson served as President of Life Fitness from 2010 to 2016 and most recently was Chairman of the Sports and Fitness Industry Association.
  • Jay Bernstein, a partner at KPS Capital Partners ("KPS"), Life Fitness' majority shareholder, said, "Given his extensive fitness industry and leadership experience, we believe that Chris is uniquely positioned to once again lead Life Fitness and help the company succeed under KPS' ownership.
  • Life Fitness also announced that Steve Klyn has been appointed Chief Financial Officer.

KPS Global® Leading With Innovation to Transform Industry

Retrieved on: 
Tuesday, May 28, 2019
Restaurant, Bar, Manufacturing, Other Manufacturing, Retail, KPS, Automotive aftermarket, Motor vehicles, Transport

The new system is one of many products KPS Global has in the pipeline to support their drive to innovate in an industry that hasnt seen change in over 30 years.

Key Points: 
  • The new system is one of many products KPS Global has in the pipeline to support their drive to innovate in an industry that hasnt seen change in over 30 years.
  • A reduced carbon footprint is another benefit, said James Costanza, Technical Fellow, KPS Global.
  • KPS Global is the industry-leading manufacturer of insulated panel systems, supplier of aftermarket parts and replacement equipment and provider of seamless installation services.
  • Headquartered in Fort Worth, Texas, KPS Global is a privately-held company with more than 825 employees.

KPS Capital Partners Portfolio Company C&D Technologies To Acquire Trojan Battery Company

Retrieved on: 
Tuesday, November 6, 2018
KPS Capital Partners, Charlesbank Capital Partners, KPS, Economy of the United States

NEW YORK, Nov. 6, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that its portfolio company C&D Technologies, Inc. ("C&D") has agreed to acquire Trojan Battery Company, LLC ("Trojan") from Charlesbank Capital Partners, LLC and other shareholders.

Key Points: 
  • NEW YORK, Nov. 6, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that its portfolio company C&D Technologies, Inc. ("C&D") has agreed to acquire Trojan Battery Company, LLC ("Trojan") from Charlesbank Capital Partners, LLC and other shareholders.
  • C&D's acquisition of Trojan combines two leading specialty battery manufacturers with long histories of delivering the highest-quality, most-innovative products in the industrial, renewable energy and specialty motive markets.
  • David Shapiro, a Managing Partner of KPS, said, "KPS acquired C&D to serve as a platform in the global energy storage industry, and the industrial logic of combining C&D and Trojan is extremely compelling.
  • The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com .

KPS Capital Partners Portfolio Company C&D Technologies To Acquire Trojan Battery Company

Retrieved on: 
Tuesday, November 6, 2018
KPS Capital Partners, Charlesbank Capital Partners, KPS, Economy of the United States

NEW YORK, Nov. 6, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that its portfolio company C&D Technologies, Inc. ("C&D") has agreed to acquire Trojan Battery Company, LLC ("Trojan") from Charlesbank Capital Partners, LLC and other shareholders.

Key Points: 
  • NEW YORK, Nov. 6, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that its portfolio company C&D Technologies, Inc. ("C&D") has agreed to acquire Trojan Battery Company, LLC ("Trojan") from Charlesbank Capital Partners, LLC and other shareholders.
  • C&D's acquisition of Trojan combines two leading specialty battery manufacturers with long histories of delivering the highest-quality, most-innovative products in the industrial, renewable energy and specialty motive markets.
  • David Shapiro, a Managing Partner of KPS, said, "KPS acquired C&D to serve as a platform in the global energy storage industry, and the industrial logic of combining C&D and Trojan is extremely compelling.
  • The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com .

KPS Capital Partners Announces Promotions

Retrieved on: 
Monday, November 5, 2018
KPS Capital Partners, KPS

NEW YORK, Nov. 5, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that Raquel Palmer has been promoted to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner.

Key Points: 
  • NEW YORK, Nov. 5, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that Raquel Palmer has been promoted to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner.
  • Michael Psaros, Co-Founder of KPS, said, "Raquel's elevation to Co-Managing Partner is an acknowledgement of the critical leadership role she plays at our firm.
  • KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.4 billion of assets under management.
  • For over two decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing.

KPS Capital Partners Announces Promotions

Retrieved on: 
Monday, November 5, 2018
KPS Capital Partners, KPS

NEW YORK, Nov. 5, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that Raquel Palmer has been promoted to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner.

Key Points: 
  • NEW YORK, Nov. 5, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that Raquel Palmer has been promoted to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner.
  • Michael Psaros, Co-Founder of KPS, said, "Raquel's elevation to Co-Managing Partner is an acknowledgement of the critical leadership role she plays at our firm.
  • KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.4 billion of assets under management.
  • For over two decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing.

KPS Capital Partners To Sell Electrical Components International To Cerberus Capital Management

Retrieved on: 
Thursday, April 26, 2018
KPS Capital Partners, Cerberus Capital Management, KPS, Finance, Financial services, Investment

NEW YORK, April 26, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement, through an affiliate, to sell Electrical Components International, Inc. ("ECI" or the "Company") to an affiliate of Cerberus Capital Management, L.P. Financial terms of the transaction were not disclosed.

Key Points: 
  • NEW YORK, April 26, 2018 /PRNewswire/ --KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement, through an affiliate, to sell Electrical Components International, Inc. ("ECI" or the "Company") to an affiliate of Cerberus Capital Management, L.P. Financial terms of the transaction were not disclosed.
  • Raquel Palmer, a Partner of KPS, said, "The success of our investment in ECI demonstrates KPS' ability to see value where others do not, to buy right and to make businesses better.
  • KPS, in partnership with management, completely transformed ECI from a wire harness supplier focused on the appliance end-market to a diversified manufacturer of value-added components serving a broad range of industrial end-markets.
  • KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.4 billion of assets under management.