KPS Capital Partners Acquires Briggs & Stratton

Briggs & Stratton Takes Minority Stake in Accelerated Systems, Inc.

July 14, 2021

Manufacturing

Briggs & Stratton has acquired a minority equity stake in Accelerated Systems, Inc. (ASI), an Ontario-based developer of traction and control systems, electric motors, controllers and battery systems. The investment includes an option for Briggs & Stratton to acquire additional equity over the next five years and is intended to accelerate Briggs & Stratton's electrification capabilities.

KPS Capital Partners Acquires AM General LLC

July 22, 2020

Aerospace & Defense

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire AM General LLC from an affiliate of MacAndrews & Forbes Incorporated. AM General is a leading designer and manufacturer of military and specialty ground vehicles (including the HUMVEE), headquartered in South Bend, Indiana; KPS said it plans to invest in the business and grow the platform organically and via acquisitions.

KPS Capital Partners to Acquire Substantially All Assets of Garrett Motion Inc.

September 20, 2020

Automotive

KPS Capital Partners, through a newly formed affiliate, agreed to acquire substantially all of the assets of Garrett Motion Inc. for approximately $2.1 billion and was designated as the stalking-horse bidder as Garrett filed for Chapter 11. KPS will participate in Garrett's DIP financing to support operations, and a syndicate of banks has committed exit financing; the sale remains subject to court approval and customary closing conditions.

KPS Capital Partners to Acquire Life Fitness (Brunswick's Fitness Business)

May 6, 2019

Manufacturing

KPS Capital Partners has signed a definitive agreement to acquire Brunswick Corporation's fitness business, including the Life Fitness brand, for approximately $490 million in cash. The transaction, a divestiture of Brunswick's fitness division, will establish Life Fitness as an independent company headquartered in Rosemont, Illinois, and is expected to close in Q2 2019, subject to customary approvals.

KPS Capital Partners Acquires Controlling Interest in Princess Yachts

February 13, 2023

Manufacturing

KPS Capital Partners has entered into a definitive agreement to acquire a controlling equity interest in Princess Yachts, the Plymouth, England–based luxury motor yacht manufacturer, while existing stockholders will retain ownership. The transaction, expected to close in Q1 2023, will provide capital to accelerate growth and operational initiatives at Princess, which has an order book near $1 billion and approximately 3,200 employees across five manufacturing facilities.

Briggs & Stratton Acquires SimpliPhi Power

September 7, 2021

Energy

Briggs & Stratton has acquired SimpliPhi Power, an Oxnard, California-based designer and manufacturer of lithium ferro phosphate (LFP) energy storage and management systems. The acquisition expands Briggs & Stratton's product portfolio into the fast-growing energy storage systems market and will leverage Briggs & Stratton's distribution network to accelerate SimpliPhi's growth across residential, commercial and industrial end markets.