KPS Capital Partners agreed on 11 March to acquire a controlling interest in Jennmar, a Pittsburgh-based provider of ground support products and services for mining, civil infrastructure, solar and construction customers. Financial terms were not disclosed.
Why KPS Capital Partners is buying Jennmar (controlling interest)
KPS partner Kyle Mumford called Jennmar a global leader in ground support products and said KPS would bring its manufacturing experience and capital to support growth both organically and through acquisitions.
Deal terms and financing
The deal is made through a newly formed KPS affiliate. Jennmar's existing owners, including chief executive Tony Calandra and FalconPoint Partners, keep meaningful minority stakes.
Regulatory approvals and timing
Completion was subject to customary approvals and expected in the second quarter of 2026; KPS subsequently announced that the acquisition had been completed.
Market context
Founded in 1922, Jennmar employs about 4,000 people and operates 59 manufacturing facilities worldwide.
